Zambian finance minister Musokotwane announced that Zambia’s economy is expected to grow 5.4% in 2023, surpassing the previous budget target of 4%, mainly driven by mining and manufacturing investments and an IMF bailout package. However, there are still several risks to growth, including the ongoing Russia-Ukraine conflict, which could negatively impact supply chains, rising global interest rates, exchange rate fluctuations, and falling copper prices.