Economist Yusuf Dodia has predicted that Zambia’s economy is likely to start performing better after next month’s general elections.
Dodia says Zambia’s economy has not performed too well in the first half of 2016 because of the forthcoming general elections.
Dodia explains in an interview that this is because most investors hold on to their investment when the country is going to the elections because elections create anxieties among investors.
Dodia says investors wants to make sure that when they invest their investment is safe and if that investment is going to be very safe they would prefer to wait until after the elections for them to really invest in a very concrete way.
He says this is because politicians are making a whole raft of conflicting statements about the country’s economy.
He says investors want to wait and find out who is going to be managing the country’s economy after August eleventh rather than risking it now.
Dodia is confident that Zambia’s economy will be stronger after the elections considering that a lot of both local and foreign investors will invest in various sectors.