Lusaka is Zambia’s heartland and capital city. It’s the country’s chief administrative centre and major […]
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Below is an excerpt of an interview held with KPMG Zambia’s Senior Partner and CEO, Jason […]
Things are looking quite positive for the Zambian economy, which has experienced strong growth in recent years, with real GDP growth between 2005 and 2011 more than 6% per year. Moreover copper – the nation’s economic lifeblood – is doing well, and it appears that Zambia’s copper production may once again outstrip that of the DRC, regifting the former with its long-held title of Africa’s number one copper producer.
Zambia has strong potential for broad-based development because of its rich natural resources, said Representative of the German Chancellor for Africa Gunter Nooke last week when he paid a visit to the offices of Copperbelt permanent secretary Reverend Howard Sikwela. “Germany is very interested in Zambia,” said Nooke during the meeting. “I am very much interested in understanding the potential that Zambia has.”
Zambian Finance Minister, Alexander Chikwanda presented the national budget on 10 October 2014. Three days later, KPMG Zambia hosted the third annual Budget Discussion Breakfast at Hotel Intercontinental in Lusaka.
Over 550 Chinese businesses are operating in Zambia, bringing more than US$3 billion into the economy, reported new Chinese Ambassador to Zambia Yang Youming earlier this month. He was speaking at a reception commemorating the 65th anniversary of the People’s Republic of China, established in 1949 by Mao Zedong.
The Business Year (TBY) talks to Jason Kazilimani, Jr., Senior Partner & CEO at KPMG […]
As one of the most politically stable countries in Africa, it’s not surprising that Zambia is stepping forward as a worthy contender for potential investors looking to enter and/or expand operations on the continent.
Middle East airlines are benefiting from the fact that African nations are not taking advantage of the increase in air travel demand.
The African Development Bank Group (AfDB) is leveraging support to Zambia’s National Agriculture Investment Plan (NAIP: 2014-2018) with the approval of a US $31.12 million (UA 20.54 million) grant from the Global Agriculture and Food Security Programme (GAFSP), to support its agriculture value chain development project.
Jason Kazilimani, Senior Partner at KPMG Zambia, was one of our February guests on Lunch with our Leaders. We invited you to ask him any questions you might have on the topic of investing in Zambia, and Jason provided detailed and helpful responses. Here are some of the Q&As from that session …
For investors who are looking to expand their opportunities in infrastructure, agriculture, mining, energy or hydro power – Luapula province offers real jewels for partnerships. Zambia has a growing economy that for the last four years has relished an average of 7.1 percent GDP growth per annum.
Zambia has some world-class attractions, most notably the remarkable Victoria Falls and the diverse wildlife. However, in spite of an encouraging upsurge in visitors in 2013 as a result of the city of Livingstone hosting the UN World Tourism Organisation (UNWTO) General Assembly, the country is overall underperforming on the tourism front, both in terms of regional standards and its own potential.
Zambia is an attractive investment destination offering various lucrative investment opportunities in agriculture, manufacturing, energy, tourism and mining, among others.
This is an exciting time to invest in Zambia. Zambia has a growing economy, young workforce and investments into infrastructure that provide a foundation for sustainable development.
The Zambia Country Focus Seminar was held on the 27th January 2014 at KPMG Johannesburg, […]
As part of its expansion plan, Ecobank Zambia is set to open eight new branches across the country next year. It is hoped that the new branches (two in each quarter of the country) will draw in rural communities who have had no previous banking opportunities.
With 11.5 million people, one-half of which are concentrated in small urban zones, Zambia […]
Download the Zambia Country Focus Seminar Presentations Fill in your details below and we’ll send […]
Africa Brief: Zambia considers $1bn eurobond to plug deficit, Renewable energy adds to CIG’s ‘robust results’ and more…
President Jacob Zuma and his Democratic Republic of Congo counterpart Joseph Kabila have signed a treaty for the construction of the $80bn Grand Inga Project during Mr Zuma’s state visit that is expected to end today.
While the global economy continues on a slow recovery path, Zambia’s projected GDP remains […]
On 25 July 2013, Southern Africa Zambia Chamber of Commerce and Industry (SAZACCI), in collaboration with Africa Exchange, hosted a successful Business Symposium on Zambia’s energy and mining sector, addressing the opportunities for investors. The Business symposium attracted an audience of more than 150 potential investors. It was held at the Wanooka Place Auditorium at KPMG’s Head office in Johannesburg, South Africa.
Zambia, the third-biggest emerald producer, will decide this week if it will allow stones mined in the country to be auctioned abroad, said Mines, Energy and Water Development Minister Christopher Yaluma. The government would base its decision on the success of an auction under way in the capital, Lusaka, by Gemfields’s local unit, he said in an interview yesterday at the sale.
Proudly sponsored by KPMG, the South Africa – Zambia Chamber of Commerce and Industry (SAZACCI) is working in collaboration with Africa Exchange to bring you this business symposium on Zambia. Join leaders of these industries to engage in conversation on Zambia’s economic landscape and investment opportunities, with a specific interest in the country’s mining, energy and water development sectors.
Africa Brief: Timing vital for African success, Zambian telecoms, campaign begins in divided Mali and more
Timing is crucial for both companies and investors, seen in a recent report produced by Avior. Wrong execution or timing could damage investor confidence and destroy capital. For instance, Altech operations in Nigeria and Kenya have been generating significant losses until disposal thereof in January 2013. Altech’s net cash resources have dwindled from Rl.6bn to a net debt position of around R800 million over the past four years. The researchers concluded that the best time to buy into a company depended on the differential between growth in South Africa and growth across its borders, as well as the extent of the company’s exposure to the rest of Africa.
At the end of June 2013, the Zambian Government issued Statutory Instrument 55 of the Bank of Zambia (Monitoring of Balance of Payments) Regulations, 2013. The new SI 55 came into effect on the 1st of July 2013. The regulations are applicable to a number of parties including financial service providers licensed under the Banking and Financial services act, any importer of goods or services exceeding US$20 000, foreign investors and local investors who invest outside Zambia, to name a few.
Africa Brief: Africa experiencing surge in sovereign funds, Zambia, Ghana, Rwanda seals 4G internet deal and more
Africa is experiencing the strongest growth in new sovereign wealth funds in the world as its nations are amassing commodity revenues and foreign-exchange reserves, JP Morgan Asset Management said yesterday. During the past two years, 15 state funds have been set up or are being considered in Africa, the group’s global head of sovereigns Patrick Thomson said.
The Bank of Zambia has recently issued new banking regulations in the form of Statutory Instruments 32 and 35 of 2013. The regulations deal mostly with the monitoring of foreign exchange dealings i.e. inflows and outflows in Zambia by the Bank of Zambia.
Africa Brief: Zambian bank sees cellphone potential, Mauritius growth, Egypt fuel shortages and more
Zambia National Commercial Bank (Zanaco), which is adding 800 new customers daily, sees further growth by offering cellphone transactions to the almost two-thirds of potential clients in the country who have no bank account. Lenders in Africa’s biggest copper producer have benefited from the economy expanding at an estimated 7.3 percent last year, according to Bank of Zambia data.
Transnet Freight Rail (TFR) and Botswana Railways are slated to start moving two trains a week from Palapye in Botswana to Durban next month in order to export 2-miIlion tons of coal a year.