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zambia at a glance cont d

Zambia at a glance. Surface area: 752,614 square metersLandlocked surrounded by 8 countries Population: 12 million Population growth rate: 3.1% GDP per capita 1,270. Zambia at a glance cont'd. Official Language: EnglishMain Exports: (a) Traditional exports: copper and cobalt;Non-Traditional exports: agricultural products and horticultural products, gemstones, timber, electricity and cementMain Imports: crude oil, equipment, textiles, etc.

MikeCarlo
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zambia at a glance cont d

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    3. Zambia at a glance cont’d

    4. Investment Climate Investment Act No. 39 of 1993 bestows full protection on investment against nationalization The Customs & Excise Act regulates customs duty taxes The Value Added Tax (VAT) Act regulates the VAT taxes The Income Tax Act regulates corporate taxes and other direct taxes The Companies Act of 1994 regulates the company formation and operations in the country 100% repatriation of After-tax profits

    5. Investment climate cont’d Predictable laws and policies Committed Government to investment Peaceful and highly friendly people Well advancing Free market economy Equal treatment of national and foreign investors

    6. Key economic indicators Inflation rate is averaging 11 % Interest rate (Dec 2006) 27.8% Exchange rate (K/US$) K4,300 NTEs (2006) $658.4m Real GDP Growth (2006) 5.8%

    7. Zambia’s Uniqueness Distinctive advantages for investors such as: Favorable investment climate Peaceful multi party democratic country No exchange controls No restriction on foreign ownership No restriction on repatriation of profits & dividends

    8. Investment Policy Government actions in creating an enabling investment climate: Removal of subsidies and price controls Abolition of forex controls Repatriation of 100% forex earnings Zambia Development Agency Act (2006) Lusaka Stock Exchange (1994)

    9. Priority Sectors Prime growth sectors for investment are: Floriculture Horticulture Processed foods Beverages and stimulants (Tea, coffee and their products) Production & processing of cotton, cotton yarn, Fabrics and garments Manufacturing of Engineering products such as Copper, iron ore and steel, cobalt and other engineering products Beneficiation of phosphates and any other related materials into fertilizer Beneficiation of rock materials into cement

    10. Priority Sectors i). Production and processing of raw timber into wood products j). Production and processing of the following products in the leather sector: Cattle hides, crust leather and leather products k) Building of Mini-hydro power stations l). Education and skills training m) Information and communication technology n) Health sector and its various support services o) Manufacturing p) Tourism q). Processing of Agriculture products, forest products, non-ferrous metals and gemstones.

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    12. Government Focus To promote a self-sustaining and export-led Agriculture sector through: Creation of farm blocks Encouragement of out-grower schemes Investment in irrigated agriculture

    13. Agriculture Investment Opportunities Government has identified farming blocks in each of the nine provinces Opportunities exist especially in the production of cash crops such as: Cotton Tobacco Sugar – Luena Sugar project Paprika Fresh Flowers and Vegetables Jatropha Curcus Fisheries Livestock

    16. Facts on Zambia’s Tourism Home of the Mighty Victoria Falls Nineteen (19) National Parks Thirty-four (34) game management areas Rich and diverse cultural heritage

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    28. Investment opportunities in other sectors Energy Electricity generation & transmission Upgrade/rehabilitation of Large & small hydro projects Electrification of farm blocks Exploration and production of petroleum resources Coal exploration Promotion & development of renewable energy resources, e.g. Biofuel

    29. Energy opportunities cont’d The country has installed capacity of 1,760 MW. Hydro is 1,672 MW and Thermal is 88 MW. Potential sites for large hydropower development include: 1. Kafue Gorge Lower 750 MW 2. Itezhi-tezhi 120 MW 3. Kariba North Bank Extension 360 MW 4. Kalungwishi 163 MW Small hydro potential sites scattered across the country, mainly in Northern, Luapula and North Western Provinces Biofuels area of investment includes: Growing of Energy Crops, Setting up of Refinery to process energy crops and storage facilities for biofuels.

    30. Energy Opportunities cont’d Potential Transmission Projects include: Grid extension to Rural areas under the Rural Electrification Programme Zambia Tanzania Interconnector at a cost of US$650 Million Regional connection to the SADC The current regional power deficit, the Rural Electrification Programme and the increasing mining activities, provide a growing market for potential investments. Renewable energy opportunities include biomass gasification, biogas and wind energy for water pumping Manufacturing of Solar Components Coal – The country has about 60 Million Tonnes of proven coal reserves.

    31. Investment opportunities in other sectors CONSTRUCTION Construction of residential and business houses Road construction, rehabilitation & maintenance Rehabilitation & extension of Rail network Irrigation & water utilities infrastructure Manufacture of building material Government planned infrastructure projects offer additional opportunities for private sector investment Zambia is actively involving private sector in infrastructure development through Private Public Partnerships

    32. 10 BASIC REASONS TO INVEST IN ZAMBIA Stable political system Positive & investor friendly economic environment Investment guarantee and securities Attractive investment incentives Progressive banking, legal and insurance services of international standards and a Stock Exchange Market Abundant Natural Resources presenting excellent investment and trade opportunities Duty free access to regional, wider Africa, EU and USA Markets Thriving Private Sector Repatriation of 100% profits GOOD PLACE TO WORK AND LIVE

    33. ZAMBIA, THE WORLD OF OPPORTUNITIES AWAITS YOU!

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