Zambia, in southern Africa, is a landlocked country of rugged terrain and diverse wildlife, with many parks and safari areas. On its border with Zimbabwe is famed Victoria Falls – indigenously called Mosi-oa-Tunya, or “Smoke That Thunders” – plunging a misty 108m into narrow Batoka Gorge. Spanning the Zambezi River just below the falls is Victoria Falls Bridge, a spectacular viewpoint. 

The economy is projected to grow by 1.0% in 2021 and 2.0% in 2022, underpinned by recovery in the mining, tourism, and manufacturing sectors. The recovery in international demand and copper prices are positive developments, while a reduction in COVID–19 cases will boost activity both in manufacturing and tourism. However, the economy faces substantial risks that a second wave of the pandemic will impede global economic recovery and stifle demand for copper. A second wave could also undermine the revival of such critical sectors as tourism and manufacturing. Failure to effectively implement the Economic Recovery Programme, which is intended to resolve most of the critical economic constraints—such as debt sustainability and stabilization of the macroeconomic environment—could also pose a high risk to Zambia’s economy. In the banking sector, the ratio of non-performing loans is expected to increase and contribute to a drying up of bank liquidity, dampening private sector activity. Against this backdrop, poverty is expected to increase due to significant job losses in the service sector (on average, 30.6%), manufacturing (39%), personal services (39%), and tourism (70%).

Reasons to invest in Zambia:

  • Peace and a stable political system
  • Positive and investor-friendly economic environment
  • Guarantees and security to investors with legislated rights to full and market value compensation
  • Abundant natural resources presenting excellent investment and trade opportunities
  • Thriving private sector
  • Attractive investment incentives
  • Unlimited repatriation of profits
  • Progressive banking, legal and insurance services of international standards and stock exchange market
  • Duty-free access to regional, wider Africa, EU and USA markets
  • Good place to work and live – sub-tropical climate, friendly people, mostly English speaking, open-air lifestyle with nature reserves, game parks, rivers, lakes and waterfalls

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