BMI View: We maintain an optimistic outlook for the country's food and drink industry over our forecastperiod. With expectations for strong economic growth, a favourable demographic profile and a graduallyemerging middle class, Zambia remains one of the most attractive investment destinations in the region.
That said, short-term challenges remain, including continued pressures on an already ailing Zambiankwacha and the prospect of industrial unrest within the public sector workforce. With the World Bankexpecting little, if any, improvement in the global commodities market through much of 2015, this will alsocontinue to weigh on the Zambian economy.
Total food consumption growth (local currency) in 2015: 9.6%; compound annual growth rate (CAGR),2014 to 2019: 10.0%
Mass grocery retail sales growth (local currency) in 2015: 13.6%; CAGR to 2019: 13.4%