Zambia has had a growing economy over the last 20 years and the country has been politically stable for the last 45 years, offering a conducive environment for investment. Ease of doing business, Zambia has been ranked on the 83rd position in Africa.
Zambian government is aggressively addressing the issue of reducing the cost of doing business in Zambia by improving infrastructure such as roads, telecommunications, energy and water which are all embodied in the objectives of the SNDP. The Government, through the central bank, has also created a favourable macroeconomic environment that has led to a downward trend in the cost of borrowing to improve access to long term finance at lower interest rates.
Zambia enjoys a huge market as a member of Common Market for Eastern and Southern Africa (COMESA) and Southern African Development Community (SADC) with a combination of more than 500 million people.
The Government of the Republic of Zambia (GRZ) seeks foreign investment through the Zambia Development Agency (ZDA) through the consolidation of a number of trade and investment promotion entities as a one-stop resource for international investors interested in Zambia.
Zambia has various investment resources which include; 6,000 MW worth of potential energy from hydropower and copper mining
An investment contributes to the economic development of the country and the Government still attracts more investment and this can be subject to review for determination of sector or value adding.
The Zambia Development Agency (ZDA) was established in 2006 to foster economic growth and development by promoting trade and investment through an efficient, effective and coordinated private sector led economic development strategy.
The Zambia Development Agency Act of 2006
The Zambia Development Agency (ZDA) was established in 2006 under Act No. 11 of 2006 and is responsible for fostering economic growth and development in Zambia through promoting trade and investment and an efficient, effective and coordinated private sector led economic development strategy.
The Public-Private Partnership Act of 2009
This Act was established a PPP Unit under the Ministry of Finance and National Planning to promote and facilitate privately financed infrastructure projects and effective delivery of social services.
This Act provides for the formation, management, administration and winding-up of companies; to provide for the registration of charges over the undertakings or properties of companies; to provide for the registration of foreign companies doing business in Zambia; and to provide for matters connected with or incidental to the foregoing
General incentives to investors in various sectors are provided in assorted legislation that governs the Zambia Revenue Authority (ZRA), including the Customs and Excise Act, Income Tax Act of 1966 and the Value Added Tax Act of 1995.
Investment Climate in Zambia has been summarized to include the following
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