MarketsSitumbeko MusokotwanePhotographer: Stefani Reynolds/BloombergBy Matthew Hill and Taonga Mitimingi
Zambian Finance Minister Situmbeko Musokotwane unveils his 2027 budget plan on Friday with near-record copper prices providing a strong tailwind for Africa’s second-biggest producer of the metal.
Yet the nation also faces a menacing El Niño weather event that in the past has brought severe drought — draining hydropower reservoirs and wilting crops. That threat, together with the fallout from the Iran war, already triggered a growth-forecast downgrade in recent weeks.
