Economic Overview and Business Opportunities in Zambia
A country rich in natural resources, Zambia has more to offer than just the beauty of its nation. Especially for those seeking business opportunities there.
Economic Overview of Zambia
Out of all the nations in Africa, it is Zambia who enjoys the most economic stability. However, like many countries in the world, Zambia did take a bit of a hit during the Covid-19 pandemic. But now that the world has weathered much of the pandemic storm, Zambia is steadily showing signs of recovery once more.
In 2021, it was expected that Zambia’s economy would recover by 3.3%. This was driven mostly by the high demand of copper, as well as continuing recovery in the agriculture sector. The same projection percentage is anticipated for 2022’s economic forecast.
Business Opportunities in Zambia
With years of steady GDP growth under its belt, Zambia has proven to be the ideal investment hub. As such, a positive and friendly business environment has blossomed, further enticing investors even more. With investors enjoying a 0% corporate tax rate for the first five years, investors are scrambling to invest in Zambia at every chance they get.
By taking advantage of the business opportunities that lie in wait in Zambia, investors will gain wider regional access to the rest of Africa. Not just Africa alone, but also the European Union and the United States markets too. All thanks to Zambia’s very strategic location.
The private sector in Zambia is thriving, which is good news for investors. Any kind of thriving sector means plenty of business opportunities. Zambia is a good place to work and live, and thus, it is a good place for your next business venture.
For investors thinking about establishing something in Zambia, the agriculture sector is one opportunity to consider. The energy, mining, infrastructure, and tourism are other sectors that hold business opportunities waiting to be harnessed.
As Zambia progresses forward, more and more opportunities are beginning to crop up within the ICT (Information, Communications, and Technology) sector too. If you are unsure about where you should set up roots, 3E Accounting will be able to guide you.
Connect with 3E Accounting
Investing in Zambia successfully calls for the right team of people on your side. Like the 3E Accounting team. Why? For one very simple reason. When you want your company to become the best, you need to work with the best.
3E Accounting has the industry insight, connections, and expertise to guide you through the company set up process smoothly. Avoid the hiccups and pitfalls that often accompany not knowing what to expect when incorporating in a foreign country.
For more information about our company incorporation services in Zambia, get in touch with the 3E Accounting team. Our friendly staff will respond as soon as possible.
- Company set up
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- Immigration or work pass services
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Haggai Simpungwe FCCA, FZICA, MBA
Ahmad Mundia FCCA, FZICA, MBA
Director – Assurance
Edward Kunda FCCA, FZICA
Director – Advisory
Senior Manager – Small business
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