Investment valued at a minimum of US$500,000 attracts fiscal and non-fiscal incentives.
Fiscal incentives
-Company tax is charged on only 50 percent of profit earned in the first five years of profitability;
-Dividends are exempted from tax for 5 years from the first years of declaration;
-Zero customs duty for 5 years on machinery and equipment;
-100 percent capital allowances on infrastructure up-grade and improvements;
Non fiscal incentives
-Free facilitation for application of immigration permits, secondary licences, land acquisitions and utilities;
-Investment guarantee and protection from nationalisation.
Agriculture
Zambia possesses huge amount of potential in the agriculture sector. Well gifted with good soil and an area of 53 million hectares arable land out of which only 15% is in use, ample amount of surface and underground water, climate conditions appropriate for the cultivation of a wide variety of crops like wheat, soya, bean, coffee, cotton, tobacco, sugar, paprika etc.
The Zambian government is also contributing to the enhancement of this sector by allocating vast tracks of land near the rail and road networks for prospective investors and electrification of these blocks is underway. Agro-processing of wheat, soya beans, cotton, tobacco, spices, sugar and vegetables is encouraged to add value to local produce. Special incentives are offered to commercial and small-holder farmers.
Manufacturing
The manufacturing contributes to around 11% to the GDP and 10% to the employment. Opportunities for investment in this sector include food processing, beverages, textiles, leisure, smelting and refining of copper and other metals and metal products, petroleum refining, the production of fertilisers, chemicals, explosives, cement, tobacco products and textiles.
Another important reason for greater potential for investment in the manufacturing sector is that the sector possesses all the vital required elements such as raw materials, labour force, abundant land and a good banking and financial system. Measures have been put in place to support growth within the sector including the creation of Multi-facility Economic Zones (MFEZs), credit provision and industrial skills training.
Mining
Zambia has a vast endowment of metals, gemstones, industrial minerals and potential energy resources including coal, hydrocarbons, and more recently, uranium. Zambia is one of the world’s largest producers of copper and cobalt. It also has considerable reserves of selenium and silver, in addition to minor quantities of gold.
Energy
Hydro power accounts for 99% of electricity production with the major sources being Kafue Gorge, Kariba North Bank and Victoria Falls power stations. Zambia’s current installed hydro-power capacity is about 2300MW, while resource potential stands at an estimated 6000mw.
Infrastructure development
Zambia attaches importance to Infrastructure development as it is an essential driver of competitiveness and critical for ensuring the effective functioning of any economy. In this regard, investment opportunities in this sector aims at having reliable and effective infrastructure in terms of: airports, road networks, railway lines, energy generation and transmission installations and telecommunication infrastructure.
Tourism
Zambia’s tourism potential as one-stop destination, offers excellent prospects for advancement. There are 19 National Parks, 23 Game Management Areas, the largest Water Fall in the world and 23 million hectares devoted to the conservation of a spectacular variety of animals, the scope for an integrated quality tourism related investment is very attractive. Wildlife such as Elephant, Leopard, Lion, Cheetah, Rhinoceros, Zebra, Giraffe, Hippopotamus, Crocodile, Buffalo, Impala, Antelope, Baboon and a host of smaller creatures as well as over 700 species of Birds can be seen. There is potential of adventure holidays -white-water rafting, canoeing, rock-climbing, hand-gliding, fishing, bungi-jumping at Victoria Falls including its unique walking safaris offer excellent tourism potential.
The country’s central and hub location in the region as well as a combination of the following key strengths makes Zambia an ideal investment location:
The flag of Zambia, hoisted for the first time at midnight, October 24, 1964, symbolizes patriotism and the nation’s wealth. Its basic colour is green with an orange-coloured eagle in flight over a rectangular block of three vertical stripes in red, black, and orange (left to right).
Red represents the struggle for freedom; black, the people of Zambia; orange, the country’s mineral wealth; and green, the natural resources. The eagle in flight symbolizes the freedom in Zambia and the ability to rise above the country’s problems.
Zambia is a unitary republican state with the Executive, Legislature and the Judiciary operating as autonomous organs of Government. The Executive is the Republican President who is deputized by a Republican Vice President. The current Republican President is Mr. Michael Chilufya Sata.
Ministry of Agriculture and Livestock
P.O Box RW 50291, Lusaka, Zambia
Tel: +260 211 252552
Ministry of Commerce, Trade and Industry
P.O Box 31968, Lusaka, Zambia
Tel: +260 211 223617
Ministry of Finance
P.O Box 50062, Lusaka, Zambia
Tel: +260 211 251843
Ministry of Foreign Affairs
P.O Box 50069, Lusaka, Zambia
Tel: +260 211 252666/00 260 1 252718
Ministry of Health
P.O Box 30205, Lusaka, Zambia
Tel: +260 211 252989
Ministry of Information and Broadcasting Services
P.O Box 50200, Lusaka, Zambia
Tel: +260 211 235410
Ministry of Labour and Social Security
P.O Box 32186, Lusaka, Zambia
Tel: +260 211 221432
Ministry of Lands, National Resources and Environmental Protection
P.O Box 30069, Lusaka, Zambia
Tel: +260 211 251927
Ministry of Local Government and Housing
P.O Box 3204, Lusaka, Zambia
Tel: +260 211 250528
Ministry of Mines, Energy and Water Development
P.O Box 31969, Lusaka, Zambia
Tel: +260 211 235327
Ministry of Education, Science, Vocational, Training and Early Education
P.O Box 50464, Lusaka, Zambia
Tel: +260 211 252411
Ministry of Tourism and Arts
P.O Box 30055, Lusaka, Zambia
Tel: +260 211 223930
Ministry of Transport, Works, Supply and Communication
P.O Box 50065, Lusaka, Zambia
Tel: +260 211 254158
Ministry of Justice
P.O Box 50106
Lusaka, Zambia
Tel. +260 211252034
Ministry of Gender and Child Development
Lusaka, Zambia
Tel. +260211253513
Ministry of Youth and Sports
Lusaka, Zambia
Tel. +260 211229348
Ministry of Home Affairs
Lusaka, Zambia
Tel. +260211254336
Ministry of Community Development, Mother and Child Health
P.O.Box 30655, Lusaka, Zambia
Tel. +260211225327
Ministry of Chiefs and Traditional Affairs
Lusaka, Zambia
Tel. +260211254158
Ministry of Defence
P. O. Box 31931, Lusaka, Zambia
Tel. +260211254133
REBUBLIC OF ZAMBIA – GOVERNMENT WEBSITE www.zambia.gov.zm
We love Zambia with its beautiful waterways, wild open spaces, and amazing wildlife populations. Located at the crossroads between Southern Africa and Central/East Africa (just north of Botswana and south of the Congo and Tanzania), Zambia is home to the magnificent Victoria Falls and some of Africa’s best wildlife reserves. Check out this video to see some of our favorite camps and lodges. We love Zambia…wonderfully untamed, yet as you will see, down-right civilized!
عمان - بترا - اكد القنصل الفخري المعتمد لجمهورية زامبيا في عمان يوسف العزيزي ان سوق جمهورية زامبيا في جنوب افريقيا تعتبر واعدة بالنسبة للمنتجات الاردنية لا سيما الادوية والسياحة الدينية والانشاءات.
وقال العزيزي لـ(بترا) ان المنتجات الدوائية والزراعية الاردنية حققت نتائج ايجابية في زامبيا، مشيرا الى ان عددا من تلك الشركات بدات بتوقيع عقود تصدير منتجاتها الى هناك مستفيدة من النمو الاقتصادي الذي تشهده تلك الدولة البالغ عدد سكانها حوالي 14 مليون نسمة.
وحث العزيزي الشركات العاملة في مجال السياحة الدينية دخول السوق الزامبي نظرا لتعطش الطوائف الكاثوليكية في تلك البلاد لزيارة الاماكن المقدسة بالمملكة، مبينا ان مسؤولين زامبيين زاروا المنطقة اخيرا وابدوا رغبة بتنظيم رحلات دينية الى تلك المواقع, فضلا عن نجاح عدد من المستثمرين الاردنيين المختصين في قطاع البناء والمقاولات بتوسع اعمالهم وازدهارها.
واضاف انه ونظرا لطبيعة الاقتصاد الزامبي المعتمد على الزراعة بعد انتاج النحاس، الا انه يفتقر الى التقنيات الزراعية، خصوصا في مجال الاسمدة، مشيرا الى انه بدا بالاتصال مع عدد من المنتجين الاردنيين العاملين في ذلك المجال لاطلاعهم على الفرص التصديرية.
عمان– بدأت جمهورية زامبيا الاتصال مع عدد من المنتجين الأردنيين العاملين في مجال التقنيات الزراعية، وخصوصا الأسمدة، لاطلاعهم على الفرص التصديرية، في ظل افتقار الجمهورية لهذه التقنيات.
وبين القنصل الفخري المعتمد لجمهورية زامبيا في عمان يوسف العزيزي، إن الاقتصاد الزامبي المعتمد على الزراعة بعد انتاج النحاس، إلا انه يفتقر إلى التقنيات الزراعية، خصوصا في مجال الأسمدة.
وذكر أن جمهورية زامبيا في جنوب إفريقيا تعتبر واعدة بالنسبة للمنتجات الأردنية خصوصا، الادوية والسياحة الدينية والإنشاءات.
وقال العزيزي إن المنتجات الدوائية والزراعية الأردنية حققت نتائج إيجابية في زامبيا، مشيرا إلى أن عددا من تلك الشركات بدأت بتوقيع عقود تصدير منتجاتها إلى هناك مستفيدة من النمو الاقتصادي الذي تشهده تلك الدولة البالغ عدد سكانها حوالي 14 مليون نسمة.
وحث العزيزي الشركات العاملة في مجال السياحة الدينية دخول السوق الزامبي نظرا لتعطش الطوائف الكاثوليكية في تلك البلاد لزيارة الأماكن المقدسة بالمملكة، مبينا ان مسؤولين زامبيين زاروا المنطقة اخيرا وابدوا رغبة بتنظيم رحلات دينية الى تلك المواقع, فضلا عن نجاح عدد من المستثمرين الاردنيين المختصين في قطاع البناء والمقاولات بتوسع اعمالهم وازدهارها.-(بترا)
The Zambian cabinet has approved a proposal to drop a recent hike in royalties demanded on mining operations as the continent's second top copper producer seeks to resolve a six-month standoff with mining companies over the controversial tax system.
Newly elected President Edgar Lungu has directed a panel of ministers to finalize details of the proposed changes ahead of their presentation for parliamentary approval next week, Amos Chanda the presidential spokesman said Tuesday.
The development caps months of bickering between mining companies and the Zambian government and is a major relief to miners who have been struggling to cope with spiraling costs amid suppressed global metal prices.
"The President hopes that the changes will promptly eliminate market anxieties in the mining sector and forestall any potential instability," Mr. Chanda said, adding that the decision came after "extensive" consultations with the mining industry following the sudden drop of international copper prices.
Zambia announced a new mining tax regime in October last year requiring open-pit mines to pay up to a 20% royalty on their revenue, up from 6%, while underground mines would pay 8%, also up from 6%.
The new tax regime rattled investors, prompting companies such as Glencore PLC and First Quantum Minerals Ltd. to shelve expansion projects worth $1.5 billion. Barrick Gold Corp. threatened to close down its Lumwana Copper Mine citing higher royalties.
With nearly 12,000 mine jobs under threat, Mr. Lungu directed cabinet to resolve the impasse in February shortly after winning the country's tightly contested presidential elections.
Mr. Chanda said that due to the changing business environment, Zambia's copper production is now projected to drop to 839,000 metric tons this year from an earlier estimate of around 960,000 tons.
Copper prices dropped by around 15% last year, before sinking to five year lows in January, weighed down by reduced demand from China, the world's largest consumer. The prices have since remained volatile, hurting copper-reliant economies in Africa such as Zambia and Congo.
The World Bank said in a report Monday that slowing commodity prices will bring down sub-Saharan Africa's growth rate to 4% this year, the lowest in two decades.
SERBIAN President Tomislav Nikolic says Minister of Foreign Affairs Harry Kalaba’s visit to Serbia will enhance bilateral and multilateral co-operation between the two countries.
President Nikolic said Mr Kalaba’s visit to his country shows the good relations between the two countries.
He said this yesterday when Mr Kalaba paid a courtesy call on him at his office in Belgrade.
This is according to a statement issued yesterday by Ministry of Foreign Affairs public relations officer Alick Banda.
President Nikolic said it is the duty of Zambia and Serbia to develop and maintain the good relations that have existed for a long time.
“Many countries in the world are turning to Africa for different reasons but Serbia has been there for Africa for a long time as a friend and development partner.
“Serbia is still willing to offer more scholarships to Zambian students to study in Serbia in areas such as military and health and is ready to support Zambia’s cause in this respect,” he said.
President Nikolic also said Serbia will continue to support the fight against terrorism and contribute to the efforts by the United Nations (UN) and European Union (EU).
He said he would be delighted to welcome President Lungu to Belgrade in the near future and exchange further bilateral engagements.
And Mr Kalaba commended Serbia for its intention to continue co-operating with Africa and Zambia in particular and to increase the volume of trade and investment, which is very low at the moment.
He said it would be important for Zambia to engage Serbia in terms of training in various fields as well as technology transfer.
Mr Kalaba said Serbia and Zambia could collaborate in joint ventures and explore investment opportunities in areas such as agriculture, manufacturing, tourism and mining.
He emphasised that Zambia needs to add value to its products to help move away from exporting raw products.
Mr Kalaba informed President Nikolic that Zambia is strategically located with eight neighbours, which makes the country the best investment destination in the region and in Africa.
He said the chambers of commerce of both countries should work together to ensure more economic co-operation is achieved between Zambia and Serbia.
Mr Kalaba also met Prime Minister of Serbia Aleksander Vucic with whom he discussed t
he possibility of the Serbian Airline flying into Zambia.