- Abundant Natural Resources: Zambia has a total land area of 752,000 square km, about twice the size of Malaysia, out of which 58% (436,000 square km) is classified as medium to high potential for agricultural production. Zambia is also a recognised supplier of copper and related products, cobalt, maize, sulphuric acid, semi-manufactured gold, tobacco, and is also renowned for its quality precious and semi-precious minerals.
- Good Governance and Political Stability: Zambia practices a system of multiparty democracy with the President who is also the Head of State and Members of Parliament being elected direct by universal suffrage every five years. The country has a stable environment governed by the rule of law, through an independent Judiciary with separate commercial court.
- Investor Friendly Environment: Zambia has undertaken rigorous institutional reforms aimed at improving the attractiveness of the country to investors. As a result of this, Zambia:
- Has achieved steady economic growth for the past 10 years, since 2006;
- Allows investors to freely invest in any sector of the economy and are entitled to various incentives;
- Provides direct support to investors regarding the registration and other processes for acquiring licenses and permits for business;
- Undertakes continuous streamlining of licensing and administrative processes for the private sector resulting in;
- Business registration being completed within 3 working days;
- VAT registration being completed in 1 working day;
- Creation of Multi Facility Economic Zones (MFEZ) with support infrastructure to facilitate entry of businesses; and
- Development of capital markets beginning with Lusaka Stock Exchange (LuSE).
- Investment Guarantees: In order to protect both local and foreign direct investment, Zambia provides Investment guarantees and protection against state nationalisation through the constitution and Certificate of Registration of investment under the ZDA Act 2006. Further, Zambia is a member of the World Bank Group’s Multilateral Investment Guarantee Agency and the International Convention on the Settlement of Investment Disputes.
- Market Access: Zambia is party to several regional and international trade and economic groupings. At the regional level, Zambia belongs to the Common Market for Eastern and Southern Africa (COMESA) and the Southern Africa Development Community (SADC). This implies that Zambia has access to both the COMESA market, which has a combined population of 492.5 million and a GDP of USD 657.4 billion, and the SADC market, which has a combined population of 293 million consumers and a GDP of US$700 billion.
At the international level, Zambia is a beneficiary of preferential trade arrangements under various strategic economic partnerships e.g. with the USA, under the Africa Growth Opportunity Act (AGOA); China, under the Forum for China Africa Copperation (FOCAC); Japan, under the Tokyo International Conference for Africa’s Development (TICAD); India, under the India-Africa Forum (IAF) and Canada under the Global Market Action Plan (GMAP), among others. Zambia is also party to the Cotonou agreement and has benefited from duty-free, quota-free market access for the European market under the Generalized System of Preference (GSP) and the Everything But Arms (EBA) arrangement.
Lusaka South Multi-facility Economic Zone
Zambia Revenue Authority
Zambia Manufactures Association
Zambia Chamber of Commerce and Industry
Bank of Zambia
Ministry of Finance
Zambia Development Agency
Ministry of Commerce Trade and Industry
Zambia-China Economic & Trade Cooperation Zone