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Zambia's Investment Climate
The country’s political turnaround from one-party socialist to a multiparty democracy in 1991 was accompanied by fundamental change in economic re-orientation. The Zambian Government embarked on drastic economic reforms whose immediate priority was stabilization of major macroeconomic indicators, encouraging the private sector and the State withdrawing from running enterprises.

The elements of economic reforms that were implemented included:

  • Abolition of price controls
  • Removal of exchange rate and bank interest rate controls
  • Abolition of foreign currency controls
  • 100% repatriation of net profits
  • Privatisation of state-owned enterprises
  • Promotion and facilitation of both local and foreign direct investment
  • Promotion of exports
  • Development of the capital market through the Lusaka Stock Exchange

Since 1999, the economy of Zambia has been growing consecutively for 9 years. In 2007, the GDP of Zambia reached US$ 12.1 billion posting a 6.2% growth over last year, while the inflation was reduced to 8.9%.

The Government’s fiscal discipline has contributed to significant declining trends in inflation rates. Zambia enjoys a huge market as a member of Common Market for Eastern and Southern Africa (COMESA) and Southern African Development Community (SADC) with a combination of more than 500 million people.

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In addition, Zambia enjoys duty and quota free market access into the US through AGOA, Generalized System of Preferences (GSP) scheme and to the EU through Everything But Arms initiative. The country has had no conflict of any kind for more than 45 years, it is stable politically, peaceful and is considered to have the friendliest people in the Southern Africa Sub-region.