Zambia Inflation Hits Four-Year High Amid Drought, Growth Slows

TLDR

• Zambia’s annual inflation rate reaches 15.6% in September, the highest in nearly four years, driven by rising food prices amid an El Niño-induced drought.
• The drought impacts agricultural output, leading to reduced crop yields and limitations in hydropower generation, resulting in prolonged electricity outages.
• Despite economic challenges, Zambia projects a 6.6% growth in 2025, aided by an anticipated recovery from the drought and increased imports of food and electricity.

Zambia’s annual…