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Zambia Business Leaders Confidence Index

Zambia Business Leaders Confidence Index. Survey Conducted: 1 st – 30 th November 2009 Presentation Date: 10th December 2009, Golfview Hotel, Lusaka. Project #:. 000000. Introduction.

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Zambia Business Leaders Confidence Index

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  1. Zambia Business Leaders Confidence Index Survey Conducted: 1st – 30th November 2009 Presentation Date: 10th December 2009, Golfview Hotel, Lusaka Project #: 000000

  2. Introduction • The Business Leaders Confidence Index collects information on business leaders’ perceptions towards the economy in general and their sectors specifically across selected African countries.

  3. Research Methodology Target group • 100 MDs, Directors, CEOs drawn from cross section of sectors in Zambia • Self – completion Questionnaire Data collection dates 1st - 30th November 2009 Data Collection Africa Coverage • The study is also carried out in Kenya, Uganda, Tanzania, Ghana and Nigeria

  4. Sample Structure

  5. Computing BLCI • BLCI is a composite index calculated from 3 key indicators; • Current economic conditions vs. 6 months ago • Economic expectations 6 months ahead • Own industry expectations 6 months ahead

  6. The percentage of Respondents in each Sector July Base = 100 respondents Base = 80 respondents

  7. Zambia’s Economic Conditions

  8. Current Economic Conditions How would you rate the economic condition in Zambia today as compared to 6months ago? 44% of the respondents rated the economic conditions in Zambia to be moderately & Substantially better than they were 6 months ago compared to 29% in last survey. However 25% still think the economy will remain the same. July Base = 100 respondents Base = 80 respondents

  9. Future Outlook How do you expect Zambia’s economy to perform in the next 6 months? July 53% of the Business Leaders, foresee Zambia’s economy improving in the next 6 months, Compared to 49% in the last survey. However 27%still think it will remain the same. Base = 100 respondents Base = 80 respondents

  10. Economic Conditions of Zambian Sectors

  11. Current Economic conditions in Zambia (Sector) How would you rate the current overall performance of your industry or sector as compared to 6months ago? July 62% of the Business Leaders are of the view that their industry performance is better . This is a significant increase from the same view held in July: 32%. Base = 100 respondents Base = 80 respondents

  12. Future Outlook for all sectors How do you expect your industry to perform in the next 6months? July 62% of the Business Leaders are optimistic that the performance of their own industry will be better in the next 6months. Last survey only 32% held this view . Base = 80 respondents Base = 100 respondents

  13. Business Leaders Confidence Index – Zambia Construction sector; which registered the highest index points stands at 11.45 points higher than the overall index while Automotive sector, which registered the lowest index points stands at 14.48 points below the overall confidence index. Base = 100 respondents

  14. Zambia BLCI Index – Trend BLCI Zambia Trend Zambia’s Business Confidence Index has gained more than 10 points in the past 3months (last Survey conducted in July). It is however below level registered in July-07. Base = 100 respondents

  15. Global Economic Crisis - Mitigation Strategies As a result of the global economic turmoil, which of the following, if at all, have you done to mitigate this turmoil’s impact on your Company performance? • Cost cutting remains the preferred strategy at 81% (last survey 71%). • Expansion into new LOCAL markets 55% (last survey 49%) • Launching of new products and services 45% (last survey 50%). July November Base = 80 respondents Base = 100 respondents

  16. Attractiveness as an Investment Destination for Foreign Investors

  17. Attracting Foreign Direct Investors (FDIs) How attractive is Zambia today as an investor destination to foreign investors? July November Business Leaders maintain their high level of confidence, that Zambia is an attractive destination for foreign investors Base = 80 respondents Base = 100 respondents

  18. Factors that determine Foreign Investment in Zambia

  19. Factors attracting foreign direct investment in Zambia Top of the list in terms importance of determining FDI in Zambia is domestic economic situation, at 35% followed by economic policy and tax investment incentives. The domestic economic situation include currency stability, inflation, prices etc. Base = 100 respondents

  20. Impact of Politics on Zambia’s Business Environment

  21. Politics – Impact on Business Environment Looking at the political landscape in Zambia at the moment, to what extent do you think its conducive for doing business? Political climate remains moderately conducive for doing business. Base = 80 respondents Base = 100respondents

  22. The Citizen Economic Empowerment Fund

  23. The Impact of the Citizen Economic Empowerment Fund 61% - Impact of Economic Empowerment Fund is viewed as beneficial to Zambia’s overall business environment.

  24. Thank You Our Curiosity Is All Yours. © Synovate 2008

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