Expats doing business in Zambia will find themselves in a politically stable country that has seen positive economic growth in recent years. Zambia is one of the most sparsely populated, yet most urbanised countries in Africa, with the capital, Lusaka; the tourist hub of Livingstone; and the mineral-rich Copperbelt being the most important commercial centres and where the majority of Zambia’s population live. we sought from our experts to know more.
Much of Zambia’s economic growth has been attributed to the privatisation of the mining sector, which has managed to attract much foreign investment in recent years. Zambia is rich in natural resources and is the world’s largest producer of copper. Agriculture is another important sector, accounting for around 80 percent of the country’s employment, and other major exports include fresh flowers, tobacco and sugar.
Despite positive growth, challenges remain to doing business in Zambia; corruption and nepotism are pervasive, and obstacles to economic growth include widespread poverty, poor service delivery and infrastructure, and the country’s rising AIDS/HIV infection rates. These challenges are reflected in Zambia’s ranking in the World Bank’s 2014 Ease of Doing Business Survey, where it was ranked 111th out of 185 countries; a drop of 17 places from its 2013 ranking of 94. Zambia scored relatively well for getting credit (23rd), but scored particularly poorly for factors such as trading across borders (177th), registering property (152nd) and getting electricity (126th).