This paper reviews the Economic Management of Fisheries Sector in Zambia. Zambia is a lowermiddle-income landlocked country located in Southern Africa. It has a total land size of 752,614 Km2 of which 60% of is considered suitable for Agriculture Production but only about 15% of arable land is currently being utilized. Zambia comprises of about 15 million hectares of water in the form of rivers, lakes and swamps (FAO, 2016) which accounts for more than 40% ground and surface water in the entire Southern African Region. This abundance of water resources thus provides the basis for the extensive freshwater fisheries, having the potential to produce enough fish for consumption and export. However, the fisheries sectors in Zambia is still in its developing stage because notwithstanding the abundance of water resources, almost all the fish harvested is for consumption due to high local demands.