Top Zambian business executives have expressed confidence in the country's economy, results from a survey released here Saturday have shown.

The survey, conducted by Steadman Group, one of the leading marketing information companies in Africa headquartered in Kenya, has shown that the business community felt that the country's current economic condition is better than that of six months ago and are optimistic about the country's economy in the next six months.

"Zambian business executives are still confident about the country's economy though the results have remained on average from the previous survey," George Waititu, the company's Managing Director said.

The survey was conducted in May and June, in which 105 top business executives were interviewed on how the economy was compared to six months ago and how they look at the country's economy in six months time.

According to the results, 56 percent of the business executives said the current economic conditions were better than they were six months ago. About 58 percent business executives in the first survey conducted in December last year had shown optimism about the country's economy.

The survey shows that business executives from the telecommunications sector are the most confident with 75 percent saying the conditions are good followed by the financial sector at 63 percent while services and manufacturing sector are 57 percent and 56 percent respectively.

The survey was also conducted in four other African countries namely Ghana, Kenya, Tanzania and Uganda.

The survey showed that Ugandan business leaders were the most pessimistic as only 13 percent of them felt their country's economy had improved.

On the other hand, business leaders from Tanzania were the most positive with 74 percent followed by Ghana at 63 percent while Kenya was at 49 percent.

Source: Xinhua