Lungu Cuts Spending on Zambian Roads as Low Copper Prices Weigh

  • Economic growth slows to lowest since 1998 as kwacha tumbles
  • Falling copper revenue, mine closures hobble state finances

Zambian President Edgar Lungu unveiled a raft of spending cuts ranging from reduced fuel subsidies to delayed road building as an economic crisis in the southern African nation intensifies.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.