Africa 2024
Welcome to Africa’s Best
Investment Opportunity
4.8% Annual growth
KWACHA AVERAGE EXCHANGE RATE (2023)
POPULATION ACCORDING TO THE 2022 CENSUS
Where do you want to invest in today ?
Investment Priority Sectors
Home to the Victoria Falls, one of the Seven Natural Wonders of the World
20 National Parks, 34 game areas, 23 million hectares set aside for wildlife, the possibilities are endless !
Also, the Country has numerous museums that house priceless historical artifacts such as Lusaka National Museum, Moto-Moto Museum, and Livingstone Museum. Zambia also boasts of various traditional ceremonies that take place at different times of the year where its rich cultural heritage is displayed.
7th largest copper producer worldwide, 6% of the world’s reserves
20% of world’s emeralds, uranium, coal and hydrocarbons opportunities abound
Zambia’s Copper mines are concentrated in the Copperbelt Province, though the past decade has witnessed the establishment of mines in other parts of the Country such as the North-Western Province.
Contributing 8% to the country’s GDP
Key sectors: Food & Beverage, Textile, Wood, Paper, Chemicals and more
The top destinations for Zambian exports in 2016 are China (USS$ 2.14 Bn), India (USS$719 M), South Africa (USS$486 M), United Arab Emirates (USS$ 392 M), and Belgium-Luxemburg (USS$ 297 m).
6,000 MWS unexploited hydro power potential
2,300 MW solar and 3,000 MW wind potential generation
The demand for electricity has been growing at an average rate of 3% per annum, mainly due to increased economic activity in the Country, especially in the Agriculture, Manufacturing, and Mining sectors, respectively. The Country’s growing population has also led to an increase in the demand for petroleum and solar energy for transportation and domestic use especially in rural areas.
42 million hectares of arable land, only 1,5 million currently cultivated
40% of all water resource in SADC region
Given its vast resource endowment, Zambia has huge potential to expand its agricultural production. Its climate follows a similar pattern to that of most Southern African countries, experiencing rainy seasons between the months of November and April. The dry season is characterized by low humidity between the months of May and November. The average temperature in the summer is 30°C and gets as low as 5°C in the winter.
Key Statistics
5.8% Annual Growth (2023)
inflation (Jun,2024)
Kwacha average exchange rate (Jun,2024)
Investment Commitments (2023)
Annual Trade (ZSA,2023)
population (ZSA,2022)
Investment Incentives
No price, foreign exchange or interest rate controls
100% repatriation of net profits
0% Tax for tourist services and mining products for export
0% Tax on profits and dividends for companies operating in industrial parks
Tax-exempt dividends for farmers for the first 5 years
VAT refund for purchase and export of Zambian products for manufacturing
10-year carry period for mining losses
Special Economic Zones (SEZs)
A Special Economic Zone (SEZ) is an area or premises declared as such in which industrial and commercial activities take place, catering for both export and domestic-oriented industries.” Currently Zambia has two types of such zones which are commonly referred to as Multi-Facility Economic Zone (MFEZ) and Industrial Park (IP) and is in the process of developing Export Processing Zones (EPZ).
Zambia has seven (07) functional SEZ i.e. five (05) MFEZs and two (02) IPs. All SEZs have backbone structures such electricity, water, waste disposal facilities, telecommunication facilities, buildings and roads.
Start a Business in 7 steps
It takes just 7 steps to start a business in Zambia ! ZDA will help you along the way and ensure the process of incorporation and starting your business in the country is as fast and smooth as possible.
Welcome Entrepreneurs
With 70% of our population under 30, Zambia is a country booming with young entrepreneurs. ZDA is here to promote and help aspiring entrepreneurs to launch and grow their businesses. From facilitating financing to joint ventures, and from product development to incubation, entrepreneurs are comprehensively supported in this thriving market.
Export from Zambia to the World
Zambia is a reliable and competitive source for manufactured goods, horticultural and other locally produced products. The Zambia Development Agency (ZDA) ensures that exports contribute to economic growth through increased and sustainable production, job creation and competitive export market access.
The main objective is to broaden the country’s export base and increase foreign exchange earnings by providing accurate market information, expanding Zambia’s share of the global market, positioning non-traditional exports in target markets and lobbying government to offer favourable policies to the exporting community.
About us
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 development and investment in the Republic through an efficient, effective and coordinated private sector led economic development strategy.
10 reasons to invest in Zambia
Peace and stability
Tax friendliness
Wide trade and market accessibility
Skilled and affordable manpower
Stable and predictable policies
Abundant natural resources
Good political governance
Progressive banking, legal, and insurance services of international standards.
Youthful and friendly population
Interconnectivity and access to regional market
Events
Contact us if you have any questions!
