Zambia in a painstaking process to lure investors - CNBC Africa

Zambia in a painstaking process to lure investors

Southern Africa

by Trust Matsilele 0

Zambia in a painstaking process to lure investors. PHOTO: Wikipedia

Zambia is fighting hard to lure investors into the country at a time when President Edgar Lungu is looking for divine intervention.

Zambia's High Commissioner Designate to South Africa Emmanuel Mwamba said the copper producing country was open for business.

[For more read: Zambia: An economy in stress revival plans]

“Zambia presents huge opportunities in all sectors. We have the best arable land in both Southern and Central Africa,” he said.

“We are also trying to diversify as our mainstay is mining. There are also huge opportunities in manufacturing and trading. Zambia has a lot of tourism sites such as the Victoria Falls,” added Mwamba.

He also said the country had attractive laws and geographical location that investors could take advantage of.

The country sits in the middle of eight countries which makes it suitable for business investment, added Mwamba.


Zambia shares border with Democratic Republic of the Congo, Tanzania, Malawi, Mozambique, Zimbabwe, Botswana, Namibia and Angola.  

Charles Kalima, Chairperson, Zambia-South Africa Business Council said the climate was ripe for investment in all sectors of the country.

Kalima said there was need to encourage local value services which will help with job creation.

The two countries have a huge trade imbalance with South Africa exporting about 29 billion rand worth of goods while Zambia exports three billion rand into South Africa.