zambia – hub of central southern africa
DESCRIPTION
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. - PowerPoint PPT PresentationTRANSCRIPT
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James ThorntonBritish High Commissioner to Zambia
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Presentation Outline
Bilateral Trade
Strengths
Trade and Investment
Opportunities
Challenges
British Companies in
Zambia
Conclusion
Presentation Outline
Bilateral Trade
Strengths
Trade and Investment
Opportunities
Challenges
British Companies in
Zambia
Conclusion
![Page 3: ZAMBIA – HUB OF CENTRAL SOUTHERN AFRICA](https://reader036.vdocument.in/reader036/viewer/2022081519/568136b2550346895d9e5778/html5/thumbnails/3.jpg)
Bilateral trade
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• 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
Strengths
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• 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
Trade and investment opportunities
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Challenges
UNCLASSIFIED
•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
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British companies in Zambia
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• No UKTI presence at present
• A market that requires work
• But strong economic growth and
good margins
Conclusion
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CONTACT US
Tel: +260 211 423200Email: [email protected]
@FCOJamesT
Website: www.gov.uk/world/zambia www.facebook.com/UkinZambia
@UkinZambia
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