BMI View: The financial sector is staging a revival following a poor performance in 2015 and 2016 due to a collapse in copper prices and a sharp depreciation of the kwacha. We anticipate growth in financial and public services of 5.5% in local currency terms and, as a result of the currency's recovery, 15.1% growth in US dollar terms. Sustainable growth in financial services will depend on increasing financial inclusion in a middle-income country will a low level of savings and weak insurance penetration. Between 2017 and 2026, the contribution of financial and public services to the overall economy is set to rise from just under 20% of gross value added to over 22%, although this will primarily focus on the relatively well-capitalised banking industry. Insurance penetration will remain low and the equity market will be shallow and fail to generate significant investment.