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ZAMBIA – HUB OF CENTRAL SOUTHERN AFRICA

ZAMBIA – HUB OF CENTRAL SOUTHERN AFRICA. James Thornton British High Commissioner to Zambia. Presentation Outline Bilateral Trade Strengths Trade and Investment Opportunities Challenges British Companies in Zambia Conclusion. Bilateral trade. Strengths.

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ZAMBIA – HUB OF CENTRAL SOUTHERN AFRICA

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  1. ZAMBIA – HUB OF CENTRAL SOUTHERN AFRICA James Thornton British High Commissioner to Zambia

  2. Presentation Outline • Bilateral Trade • Strengths • Trade and Investment Opportunities • Challenges • British Companies in Zambia • Conclusion

  3. Bilateral trade

  4. Strengths • Generally stable political system • UK strong brand • Strong growth; reasonable macro economic fundamentals • Abundant natural resources presenting good investment and trade opportunities • MFEZ - Incentives • Unlimited repatriation of after tax profits • Progressive banking, legal and insurance services of international standards. • Good place to work & live, friendly people

  5. Trade and investment opportunities • Mining: Zambia possesses Africa’s largest known copper and emerald reserves • Agriculture: only 1.5 m ha of the 42m ha arable land is under cultivation; accounts for about 40% of the fresh water resources in Southern Africa • Energy: Potential to produce 6,000MW of hydro energy, currently only producing 1, 980MW • Manufacturing: Multi Facility Economic Zones established to support investment • Tourism: 20 national parks, 34 game management areas, home to Victoria falls • Infrastructure: Massive projects being undertaken, roads, rail, electricity generation and airports • Rapidly growing urban middle class

  6. Challenges • Landlocked country, input costs tend to be high • Underperforming education and training system • Poor infrastructure • Red tape • Limits on work permits for expats • Preferential treatment of Zambian companies bidding for public contracts • Regulatory changes introduced with little notice • Political constraints to laying off workers • Land rights for customary land can be bureaucratic UNCLASSIFIED

  7. British companies in Zambia

  8. Conclusion • No UKTI presence at present • A market that requires work • But strong economic growth and good margins

  9. Contact Us CONTACT US  Tel: +260 211 423200 Email: James.Thornton@fco.gov.uk @FCOJamesT Website: www.gov.uk/world/zambia www.facebook.com/UkinZambia @UkinZambia

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