Looking at the economy, Zambia’s economic growth has been steady in the recent past. The Gross Domestic Product (GDP) expanded by 5 percent in 2015 from the previous year and the GDP Annual Growth Rate at an average of 2.97 percent from 1961 until 2015.
In terms of available investment opportunities, Government through ZDA has focused its energies on attracting Foreign Direct Investment (FDI) and stimulating Local Direct Investment (LDI) in growth-oriented sectors with potential to propel economic growth. These include agriculture and agro-processing, manufacturing, tourism and energy
Further, ZDA is promoting and facilitating the growth of Non-Traditional Exports (NTEs) into the neighbouring countries such as the Democratic Republic of Congo, Zimbabwe, Angola and the regional market which include Southern African Development Community (SADC), Common Market for Eastern and Southern Africa (COMESA) and the European Union.
Finally, the Agency is facilitating the growth of Micro Small and Medium Enterprises (MSMEs) through capacity building, linkages to various service providers and provision of an enabling business environment, particularly for Zambians undertaking local direct investment (LDI).
All these initiatives by Government through ZDA and other agencies make Zambia a conducive place to start a business and continue to attract significant investments that in turn create wealth and jobs for the benefit of Zambians.
Women in Business Federation of Associations:
Ms. Maureen Sumbwe
Title: Executive Director
Address: Zambia Federation of Associations of Women in Business (ZFAWIB), Ground Floor Room 9, Kwacha House Annex, Cairo Road, Lusaka, Zambia
Phone#: +260 211 220 812 \ +260 977 488 519
World Bank Group Doing Business Report:
African Development Bank Knowledge Management Products:
Zambia Economic Outlook
Zambia weathered two years of below-average rainfall in the agriculture seasons of 2015 and 2016. The two dry
periods affected the regeneration of key hydropower reservoirs, which lost about 50% of their generation
capacity, leading to significant load shedding of up to 12 hours. Combined with low copper prices, economic
activity declined to its lowest in more than a decade, reaching 2.9% GDP growth in 2015; it rebounded to
3.4% in 2016. Good rains in 2017 increased agricultural production and ended load shedding. Growth is projected
to exceed 4% in the medium term, aided by rising global demand for copper that boosted prices by more than 16% this year.