THE KPMG and UNDP 2026 pre-budget survey has revealed that Zambia’s debt restructuring has had a generally positive impact on business confidence. The survey also indicates that several macroeconomic indicators are negatively affecting businesses. Of those who responded, about 40 percent cited Kwacha fluctuations, 30 percent cited inflation and 28 percent cited high interest rates. The survey gathered insights from the private sector, Civil Society Organisations (CSOs), and the public on the 2025 Budget, Zambia’s Debt Restructuring Agreement, and expectations for taxation, inequality, and poverty reduction. Speaking at the launch of the survey, Tuesday, KPMG Associate Director Benson Mubanga said the findings showed that about 56 percent of respondents reported moderate satisfaction with the impact of debt restructuring, while 17...
