Zambia to look at rebasing economy next year

Zambian President Edgar Lungu (right) receives his Kenyan counterpart Uhuru Kenyatta on his arrival at the Kenneth Kaunda Airport in Zambia. [Courtesy]

Zambia said on Sunday it would set aside funds aimed at rebasing the size of its economy in 2019, the latest African nation to take a route that typically inflates the size of its gross domestic product.

“We need a clear picture on the size of the Zambian economy due to its changed structure from 2010 to date,” Finance Minister Margaret Mwanakatwe said in a statement.