Zambia, which does not import the commodity, accounts for 1.25% of the total raw sugar imported in Africa with exports of USD 81.1 million. Sugar is Zambia's 8 th largest industry representing 1.5% of total exports.

The Zambia Development Agency (ZDA) is a statutory body under the Ministry of Commerce, Trade and Industry (MCTI), established under the ZDA Act No. 17 of 2022. The ZDA draws its mandate from the Investment, Trade and Business Development (ITBD) Act No. 18 of 2022 to foster economic growth and development by promoting trade, business ...

Agriculture and mining remain headlining sectors for the Zambian economy. U.S. firms are present or exploring new projects in tourism, power generation, agriculture, and services. …

Illovo Sugar Group, the majority shareholder in Zambia Sugar Plc, has announced plans to increase their investment in Zambia sugar products and work to expand their current operations in the country. According to the Central Regional Director, Ian Parrott, details of the project are still pending approvals from both the company and the ...

Coming up is a list of the top 8 industries to invest in Zambia in 2021-2022. First, however, consider the following reasons why investing in Zambia is a worthwhile venture. There is market access for …

Key investment sectors in Zambia include agriculture, manufacturing and energy, Patrick Chisanga, Director General at the Zambia Development Agency (ZDA), said in a recent interview. According to Chisanga, currently there are vast investment opportunities in the agricultural sector, agro-processing and manufacturing as the …

In the 2020/2021 agricultural season, the average fertilizer use per hectare (Ha) increased to 125 Kg/ Ha up from 102.55 Kg/Ha in the previous season across all smallholders. However, when netting out non-users, the fertilizer application rate among fertilizer users was significantly higher at 197Kg/Ha up from 160.5 Kg/Ha in the previous …

Nsumbu National Park, Kasaba Bay, Mpulungu, Tanganyika, and Mbala are excellent tourist destinations that provide investors with a unique opportunity to invest in Zambia's tourism industry ...

Zambia has a population of 15.9 million people. The annual population growth rate is 2.8%, with a population density of 17.3 persons per square kilometer. Capital and largest city is …

Why invest in Zambia's Tourism Industry. ... Huge potential in hotel industry. Tourism is a growing sector in Zambia. Between 1995 and 2007, the number of visitors to Zambia increased eightfold, reaching to 897,000 arrivals. While the recent international financial crisis negatively affected the tourist industry, dropping the number of ...

Zambia is experiencing a large demographic shift and is one of the world's youngest countries by median age. Its population, much of it urban, is estimated at about 19.6 million (2021), with a rapid growth rate of 2.7% per year, reflecting the relatively high fertility rate. As the large youth population attains reproductive age, the ...

Key Zambia Investment Sectors - The Zambia USA Chamber of Commerce. Zambia's Key Investment Sectors - Vision 2030. Agriculture. Growth in the agriculture sector will enable Zambia to achieve …

Overview. Context. Strategy. Results. Partners. Zambia is a large, landlocked, resource-rich country with sparsely populated land in the center of Southern Africa.

News. Trade. Zambia and Namibia Sign MoUs to Boost Trade and Industrial Cooperation. October 20, 2023. Economy. Zambia GDP Growth Reached 5% in Q2 2023. October 4, …

Despite investment declines generally, Zambia in 2020, attracted a substantial amount of $11 billion investment towards infrastructure and renewable energy. ... As highlighted by the industrial diagnostic study in Zambia 2020, main determining factors for FDI inflows include economic and political stability, a range of attractive …

Zambia's economic growth slowed significantly in 2019, contracting to 1.5% from 4% in the previous year. Per capita gross domestic product (GDP) declined accordingly, dropping by 15% to €1171.Already high levels of national debt, exceeding 60% of GDP in 2017, surged to more than 90% in 2019. The country's investment grade ratings saw downgrades by …

The Government of Zambia identifies textile as one of the priority sectors for the country's industrialization and economic development. The Zambian textile industry is considered to be labor intensive with potential to greatly contribute to employment and wealth creation at all stages of its value chain. During the Zambian Import ...

In the mining industry of Zambia, the output fell in 2011 to 0.7% as there was an uncertainty due to presidential elections due to which major investment projects were deferred. With the 2011 elections gone smoothly, the mining investment picked up the pace with a growth of 10.6% and 10.3% in 2012 and 2013.

Economic Outlook and Risks for Zambia. GDP is projected to grow 4.0% in 2023 and 4.2% in 2024, underpinned by the continued recovery in mining, services, and manufacturing; higher global copper prices; and the market confidence associated with ongoing fiscal consolidation measures. A slight uptick in growth in real GDP per capita is …

California-based exploration firm KoBold Metals, which uses artificial intelligence and machine learning to identify battery metal deposits, is investing $150 million to develop a copper mine in ...

Based on the income distribution, only less than 1% of the Zambian population can afford formal house, representing as major impediment to the Zambian real estate and construction market. However domestic credit including construction finance, foreign currency loans and mortgage loans increased by 32.6% to ZMW 26,164.7 million …

Matamwandi also mentioned that the Zambian Government has set aside 100,000 hectares in each of the 10 provinces in Zambia for commercial agriculture. "There are opportunities to build backbone infrastructure such as roads, power and other social amenities in all the ten farm blocks," he said. He concluded that Zambia is a good place to ...

As highlighted by the industrial diagnostic study in Zambia 2020, main determining factors for FDI inflows include economic and political stability, a range of attractive investment opportunities, …

ZambiaInvest is the number one site to visit for the most up-to-date news on Zambia investment, business, and economy, as well as stories, reports, and exclusive interviews with top executives, decision-makers, and leaders within the various business sectors of Zambia. News cover the leading economic sectors in Zambia and the sectors …

Invest in Zambia. Priority Investment Sectors. Mining; Agriculture; Energy; Manufacturing; Tourism; Zambian Investment Opportunities; Zambia's Economy; …

Major industries of Zambia include copper mining and processing, construction, emerald mining, beverages, food, textiles, chemicals, fertilizer and horticulture. The main …

The Zambia insurance sector GWP grew by 163% over a period of five years to reach ZMW 1,216 million in 2011, from ZMW 462 million in 2006. Zambia's financial services industry of which insurance is a part of contributes 8% to Zambia's total GDP (Source : CSO August 2013 report) ; the insurance industry contributes just under 2% to …

1 minute read. Grofin Zambia, the local arm of a development financier focused on Small and Medium Enterprises (SMEs) has signed a memorandum of understanding (MoU) with the Private Enterprise Programme-Zambia (PEPZ) to provide funding to small-scale entrepreneurs to help them grow their businesses and tap into the …

January 20, 2016. 2 minute read. Zambia has been recently named by Ernst & Young (EY) as the most attractive market out of seven Sub Saharan countries in terms of investment opportunities in the insurance industry towards 2018. It was indicated in the report titled "Waves of Change Revisited: Insurance Opportunities in Sub Saharan Africa (SSA ...

The Zambian Investment Code stipulates that claimants must first file internal dispute claims with the Zambian High Court. Failing that, the parties may go to international arbitration. ... Chapter 360, govern the banking industry. Zambia's banking sector is considered relatively well-developed in the African context, but the sector remains ...