Republic of Zambia

Republic of Zambia By Africa Business Association

Zambia is a landlocked country in Southern Africa that is bordered by eight countries with an esƟ mated populaƟ on of 16 million people. It is rich in natural resources, has a stable poliƟ cal climate and a strong legal and fi nancial system. Zambia has 40% of the water resources in Southern Africa and there is signifi cant potenƟ al for the agricultural sector with a large land mass, the majority of which is arable. Currently, only 14% of the land is under culƟ vaƟ on and the government has plans to develop the sector given its key role in promoƟ ng growth and alleviaƟ ng poverty.

In 2019 Zambia's Vice President Ms. Wina launched the Diaspora Policy recognizing that all Zambians HE Edgar Changwa Lungu, President of Zambia speaks at the United NaƟ ons. irrespecƟ ve of where they are in Daily Monitor the world need to be cared for and treasured as key human capital needed for the country’s Republic development agenda. FormulaƟ ng the Diaspora Policy, President: the Zambian Government was mindful of the various Edgar Changwa Lungu challenges hindering the parƟ cipaƟ on of the diaspora hƩ ps://pmo.gov.et/ in the country’s development. A strong diaspora Region: community provides viable prospects for more foreign Southern Africa direct investment. EsƟ mated GDP: Oĸ cial Name: EsƟ mated PopulaƟ on: Republic of Zambia 16.0 million Government Format: US$73 billion (2019)

Value ProposiƟ on

The country's central and hub locaƟ on in the region as well as a combinaƟ on of the following key strengths makes Zambia an ideal investment locaƟ on: 1. Peaceful and stable poliƟ cal system 2. PosiƟ ve and investorfriendly economic environment 3. Guarantees and security to investors with legislated rights to full and market value compensaƟ on 4. Abundant natural resources presenƟ ng excellent investment and trade opportuniƟ es 5. Thriving private sector Copper Mine. lusakavoice.com 6. AƩ racƟ ve investment incenƟ ves Zambia is a good place to work and live – sub-tropical 7. Unlimited repatriaƟ on of profi ts climate, friendly people, mostly English speaking, open8. Progressive banking, legal and insurance services air lifestyle with nature reserves, game parks, rivers, of internaƟ onal standards and stock exchange lakes and waterfalls. market What does your naƟ on oī er that an 9. Duty-free access to regional, wider Africa, EU investor’s value proposal on needs? and USA markets With a total mineral resource of at least 2 billion tons

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in the Copperbelt region alone, the Mining sector oī ers real potenƟ al for growth and further expansion. Aside from copper and zinc, Zambia also boasts of precious stones such as emeralds, amethysts, aquamarine, gold and diamonds among others. Zambia has 752,000 square km of landmass, 58% of which is arable. New farming blocks have recently been made available for use by both local and internaƟ onal investors for full culƟ vaƟ on and agro-business purposes. A number of horƟ cultural and fl oricultural crops with export markets in Europe and South Africa are being promoted for expansion. There are opportuniƟ es to engage in agro-processing and move up the value chain and investments through joint ventures.

Zambia's tourism potenƟ al lies in its vast The Epoch Times natural resources most of which are prisƟ ne and unexploited and cater to a diverse and broad range following key strengths makes it an ideal investment of interests including varied sceneries, wilderness locaƟ on. and wildlife, adventure acƟ viƟ es, diverse culture • Abundance of natural resources and manpower, and naƟ onal heritage. Aside from the world-famous which are highly under-uƟ lized Victoria Falls, a UNESCO Heritage site, Zambia boasts • PoliƟ cal Stability since aƩ aining independence in many other aƩ racƟ ons, including 19 naƟ onal parks 1964 and 34 game management areas covering other 22.4 • No Controls on: prices, interest rates, foreign million hectares. Zambia’s wildlife estate is one of the exchange rates, free repatriaƟ on of debt largest in the subregion, with wildlife protected areas repayments occupying about 40% of the country’s land surface • 100% repatriaƟ on of net profi ts area. • Guarantees and Security to investors with legislated Development in Zambia rights to full and market value compensaƟ on

Guided by the overall vision of transforming Zambia • Duty Free Access to Regional, wider African and the into a middle-income country by 2030, the Zambian USA markets under SADC, COMESA/FTA and AGOA government aims to promote economic diversifi caƟ on (African Growth and Opportunity Act) respecƟ vely to ensure a broad based and sustained economic • Banking, Financial, Legal and Insurance services of growth that would help liŌ the majority of its people internaƟ onal standard as well as a Stock Exchange out of poverty. • Double TaxaƟ on Agreements with a number of European, North American, African and Asian Doing Business in Zambia countries

Zambia is a mulƟ -party democracy and provides a • Good place to work and live – sub-tropical climate free market liberalized economic environment in a and vegetaƟ on with plenty of water. Friendly stable strife-free and mulƟ cultural society. The Zambian people, mostly English speaking, with high literacy government welcomes investors across sectors and rate. EducaƟ onal establishments to University the laws relaƟ ng to investment provide investment level. Strong religious values. Open-air lifestyle incenƟ ves and protecƟ on to increase investment with nature reserves, game parks, rivers, lakes and and internaƟ onal trade as well as increased domesƟ c waterfalls. economic growth. The country's land-linked and central • Thriving Private Sector – Government has locaƟ on in the region, as well as a combinaƟ on of the successfully privaƟ zed most of the previously

state-owned enterprises, thus encouraging an entrepreneurial culture What services do you provide for your investors?

The Zambia Development Agency (ZDA) Act of 2006 and amended in 2014 oī ers a wide range of incenƟ ves in the form of allowances, exempƟ ons and concessions for companies. The Act provides for investment thresholds to qualify for fi scal and non-fi scal incenƟ ves. PRIORITY SECTORS 1. Manufacturing 2. ConstrucƟ on and establishment of infrastructure, excluding renovaƟ on, expansion and refurbishment a. EducaƟ on: ConstrucƟ on of educaƟ on and skills

Victoria Falls (Mosi-oa-tunya)

training insƟ tuƟ ons b. Health: ConstrucƟ on of health centers’ as defi ned under the

Health Professions

Act 2009. c. Tourism i. ConstrucƟ on and establishment of hotels ii. ConstrucƟ on and establishment of convenƟ on centers iii. ConstrucƟ on and establishment of exhibiƟ on centers iv. ConstrucƟ on and establishment of museums v. ConstrucƟ on and establishment of Theme parks vi. ConstrucƟ on and establishment of art galleries vii. ConstrucƟ on and establishment of theatres; viii. ConstrucƟ on and establishment of a large retail complex containing a variety of ten or more stores, restaurants or other business establishments housed in a series of connected or adjacent buildings or in a single large building. (d) Housing : Development of fiŌ y (50) or more houses erected or maintained under one management or control on land developed specifi cally for the ciƟ ng of such houses in accordance with a comprehensive plan which provides for the laying out of roads and the furnishing and availability of services essenƟ al or ancillary to the use of such building as houses (e) Agriculture: construcƟ on of crop and grain storage faciliƟ es

Please review pages 21 and 46 to read arƟ cles on business acƟ ity in Zambia.

Lions in South Luangwa, Zambia