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ZAMBIA – HUB OF CENTRAL SOUTHERN AFRICA

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ZAMBIA – HUB OF CENTRAL SOUTHERN AFRICA. James Thornton British High Commissioner to Zambia. Presentation Outline Bilateral Trade Strengths Trade and Investment Opportunities Challenges British Companies in Zambia Conclusion. Bilateral trade. Strengths.

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Presentation Transcript
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ZAMBIA – HUB OF CENTRAL SOUTHERN AFRICA

James Thornton

British High Commissioner to Zambia

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Presentation Outline

  • Bilateral Trade
  • Strengths
  • Trade and Investment Opportunities
  • Challenges
  • British Companies in Zambia
  • Conclusion
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Strengths

  • Generally stable political system
  • UK strong brand
  • Strong growth; reasonable macro economic fundamentals
  • Abundant natural resources presenting good investment and trade opportunities
  • MFEZ - Incentives
  • Unlimited repatriation of after tax profits
  • Progressive banking, legal and insurance services of international standards.
  • Good place to work & live, friendly people
trade and investment opportunities
Trade and investment opportunities
  • Mining: Zambia possesses Africa’s largest known copper and emerald reserves
  • Agriculture: only 1.5 m ha of the 42m ha arable land is under cultivation; accounts for about 40% of the fresh water resources in Southern Africa
  • Energy: Potential to produce 6,000MW of hydro energy, currently only producing 1, 980MW
  • Manufacturing: Multi Facility Economic Zones established to support investment
  • Tourism: 20 national parks, 34 game management areas, home to Victoria falls
  • Infrastructure: Massive projects being undertaken, roads, rail, electricity generation and airports
  • Rapidly growing urban middle class
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Challenges

  • Landlocked country, input costs tend to be high
  • Underperforming education and training system
  • Poor infrastructure
  • Red tape
  • Limits on work permits for expats
  • Preferential treatment of Zambian companies bidding for public contracts
  • Regulatory changes introduced with little notice
  • Political constraints to laying off workers
  • Land rights for customary land can be bureaucratic

UNCLASSIFIED

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Conclusion

  • No UKTI presence at present
  • A market that requires work
  • But strong economic growth and good margins
contact us

Contact Us

CONTACT US

 Tel: +260 211 423200

Email: [email protected]

@FCOJamesT

Website: www.gov.uk/world/zambia

www.facebook.com/UkinZambia

@UkinZambia

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