Zambia economy to grow by 7.7 percent in 2012-cbank

LUSAKA, Oct 3 (Reuters) - Zambia's economy is expected to grow by grow by 7.7 percent in 2012 from 6.6 percent last year, partly boosted by reforms in the southern African state, Reserve Bank Governor Michael Gondwe said on Wednesday.

"This growth is enabled by stability and good governance coupled with the economic and regulatory reforms being undertaken," Michael Gondwe said in a statement.

In May Finance Minister Alexander Chikwanda said Africa's leading copper producer would target economic growth of 8 percent over the next five years.

(Reporting by Chris Mfula; Writing by Stella Mapenzauswa; Editing by Agnieszka Flak)