UNDERSTANDING FREE MARKET IN ZAMBIA

By Scoop reporter

A new era of free markets and opportunity is taking root in Zambia, and Impact Center for Policy Research successfully held a workshop on the economics of the marketplace at the University of Zambia.

The landmark occasion sparked enthusiasm for free market principles among students, highlighting the transformative power of economic freedom and limited government in shaping a brighter future for Zambia.

Impact Center for Policy Research Executive Director Andrew Munganga said a series of presentations and interactive discussions were featured, focusing on economic freedom, sustainable development, and personal responsibility in fostering societal progress.

 He disclosed that 30 economics and law students from the University of Zambia participated, engaging in dynamic conversations on the practical application of the principles in their communities.

And an economics student Tsepho Mubita realized that it’s only when the markets are left to the citizens will the SMEs thrive and help the economy of the country to grow.

And Surveys conducted before and after the program revealed significant improvements in participants’ understanding of free markets, individual liberty, and limited government.

And Mr Munganga said the Impact Center plans to expand its initiatives to reach more communities and explore topics that resonate with young leaders in Zambia.

He said the center is committed to promoting sustainable development through research and education.

With a mission to drive informed policy reforms that improve the quality of life for all citizens, he said, the center has positioned itself as a catalyst for change in Zambia’s policy landscape.

“We therefore call upon the government to recognize the importance of opening markets for all, allowing individuals to engage in business freely.

This will create an environment where entrepreneurship can flourish, leading to a more prosperous Zambia.”

The event was made possible through partnerships with the University of Zambia Mathematics, Economics and Statistics Association (UNZAMESA), the University of Zambia Agriculture Economics and Extension Association, and the University of Zambia Business and Economics Association.