Zambia receives Public Sector Reform Award

Zambia has received the prestigious Public Sector Reform Award at the 2026 Africa Trade Conference in Cape Town, South Africa, in recognition of the country’s bold fiscal and financial reforms aimed at restoring macroeconomic stability. Minister of Commerce, Trade and Industry, Chipoka Mulenga who received the award, commended government’s continued commitment to fiscal discipline and economic transformation. Mr Mulenga said the recognition demonstrates growing international confidence in Zambia’s reform agenda, particularly as the country implements key measures to address economic challenges, including debt restructuring and the dismantling of fuel subsidy arrears valued at over US$100 million.

“It’s gratifying that Zambia’s financial discipline amidst a high debt mountain is being noticed globally,” Mr Mulenga said. He added that government policies supporting trade, strengthening local leadership and improving economic governance are contributing to economic growth, reduced inflation and a more stable financial outlook while creating employment opportunities for citizens. Mr Mulenga further noted that the award reflects the government’s commitment to fiscal responsibility and sustainable economic growth, which has helped improve business confidence and economic stability.

The 2026 Africa Trade Conference has brought together policymakers, business leaders and economic experts from across Africa to discuss strategies for enhancing trade and accelerating economic development on the continent, with Zambia’s reform programme highlighted as a model for other countries pursuing sustainable fiscal management. This is according to a statement issued to ZANIS by the Ministry of Commerce, Trade and Industry Public Relations Unit. An economy threatened with price controls is doing well ka?

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Sustainable economic growth? Which one?

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