Zambia is endowed with abundant natural resources beyond just mineral wealth such as arable land, forests, wildlife, and water resources. Yet the country remains one of the world’s poorest. Over 50% of its 19.6 million people live in poverty and about 40% in extreme poverty. A post COVID-19 poverty assessment by the World Bank suggests that poverty has worsened since the pandemic with more people than before falling into extreme poverty. The population is very young, with over 50% falling below the age of 35. Regardless, youth unemployment is high and stands at 46% compared to general unemployment estimated at 39%.
Download the entire Repositioning Zambia’s Mining Tax Regime for the Energy Transition - Policy Brief, March 2023 here: https://caritaszambia.org/phocadownload/policy_briefs/Policy-Brief-Repostioning-Zambias-Mining-Fiscal-Regime.pdf