The Stanbic Bank Zambia PMI stood at 48.7 in April, marking a second consecutive month of contraction but easing from the previous month’s 46.9. The recent appreciation in the local currency helped limit private-sector inflation rates. However, ongoing challenges caused a drop in business optimism to a four-month low. Separately, Ghana composite PMI increased to 51.3 in April, signaling modest private sector improvement and the strongest since December 2021.