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Economy of Zambia and business opportunities

Economy of Zambia

Zambia is one of Sub-Saharan Africa's most highly urbanized countries. About one-half of the country's 11.5 million people are concentrated in a few urban zones strung along the major transportation corridors, while rural areas are under-populated. Unemployment and underemployment are serious problems. National GDP has actually doubled since independence, but due in large part to high birth rates and AIDS per capita annual incomes are currently at about two-thirds of their levels at independence. This low GDP per capita, which stands at $1400, places the country among the world's poorest nations. Social indicators are improving, particularly in measurements of life expectancy at birth (about 56 years) and maternal and infant mortality (56 per 1,000 live births). The high population growth rate of 2.3% per annum makes it difficult for per capita income to increase. The country's rate of economic growth cannot support rapid population growth or the strain which HIV/AIDS-related issues (i.e., rising medical costs, street children, and decline in worker productivity) places on government resources.

Copper output has increased steadily since 2004, due to higher copper prices and the opening of new mines. The maize harvest was again good in 2005, helping boost GDP and agricultural exports. Cooperation continues with international bodies on programs to reduce poverty, including a new lending arrangement with the IMF in the second quarter of 2004. A tighter monetary policy will help cut inflation, but Zambia still has a serious problem with high public debt.

Zambia was ranked the 127th safest investment destination in the world in the March 2011 Euromoney Country Risk rankings.

Sectors

Copper

The Zambian economy has historically been based on the copper-mining industry. The discovery of copper is owed partly to Frederick Russell Burnham, the famous American scout who worked for Cecil Rhodes.

Today copper mining is central to the economic prospects for Zambia and covers 85% of all the country's exports, but concerns remain that the economy is not diversified enough to cope with a collapse in international copper prices.

In January 2013, the Zambia Environmental Management Agency (ZEMA) approved 27 mining and exploration licences, with more rumoured to be confirmed.

Agriculture

The agriculture sector represented 20% GDP in 2000. Agriculture accounted for 85% of total employment (formal and informal) for 2000. Maize (corn) is the principal cash cropas well as the staple food. Other important crops include soybean, cotton, sugar, sunflower seeds, wheat, sorghum, pearl millet, cassava, tobacco and various vegetable and fruit crops. Floriculture is a growth sector, and agricultural non-traditional exports now rival the mining industry in foreign exchange receipts.

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Economy Of Zambia"

Global Tenders has one of the largest database of international and national tenders/competitive bids, procurement news, project information, contract awards, related to Zambia from all over the world..

This section contains economy and business opportunities and from Zambia.
Zambia Economy Zambian Economy, business opportunities in Zambia.
Summary:
Road Transport Services Open New Window
Country:
Zambia
 
Notice Type:
Tender Notice
Deadline:
09 May 2024
Posting Date:
17 Apr 2024
 
 
 
Summary:
PROVISION OF KITCHENETTE AND BATHROOM RENOVATIONS AT CDC COMPOUND
Country:
Zambia
 
Notice Type:
Tender Notice
Deadline:
29 Apr 2024
Posting Date:
17 Apr 2024
 
 
 
Summary:
Provision for Embassy Compound Parking Expansion Project.
Country:
Zambia
 
Notice Type:
Tender Notice
Deadline:
30 Apr 2024
Posting Date:
17 Apr 2024
 
 
 
Summary:
Lcc/Psu/Cdf/03/2024:Tender For The Construction Of A Police Post In Nakatindi Compound In Livingstone District
Country:
Zambia
 
Notice Type:
Tender Notice
Deadline:
01 May 2024
Posting Date:
17 Apr 2024
 
 
 
Summary:
Tender For The Proposed Remodelling Of The Zambia National Building Society (Znbs) Building At Longacres For The Zambia Revenue Authority
Country:
Zambia
 
Notice Type:
Tender Notice
Deadline:
01 May 2024
Posting Date:
17 Apr 2024
 
 
 
Summary:
Tender For Provision Of Motor Vehicle Insurance On A 3Year Running Contract
Country:
Zambia
 
Notice Type:
Tender Notice
Deadline:
01 May 2024
Posting Date:
17 Apr 2024
 
 
 
Summary:
Tender For The Supply, Delivery, Installation, And Commissioning Of Dvm Air Conditioning Unit For Kasumbalesa Border Post Arrival/Departure Hall And Boardroom
Country:
Zambia
 
Notice Type:
Tender Notice
Deadline:
30 Apr 2024
Posting Date:
16 Apr 2024
 
 
 
Summary:
Tender For Rehabilitation And Maintenance Of 500 Existing Non-Functional Boreholes Fitted With Handpumps In 10 Provinces Of Zambia-11 Lots-Tender No. Mwds/Psu/W/06/2024
Country:
Zambia
 
Notice Type:
Tender Notice
Deadline:
30 Apr 2024
Posting Date:
16 Apr 2024
 
 
 
Summary:
Tender No. Rda/Ce/Onb/006/2024: Construction Of The Sub-Structures And Assembly Of The Prefabricated Steel Acrow Panel Bridges In Eastern Province- Lot 1
Country:
Zambia
 
Notice Type:
Tender Notice
Deadline:
30 Apr 2024
Posting Date:
16 Apr 2024
 
 
 
Summary:
Tender For The Fit-Out Of The Luanshya Napsa Customer Service Center And Station Offices
Country:
Zambia
 
Notice Type:
Tender Notice
Deadline:
30 Apr 2024
Posting Date:
16 Apr 2024
 
 
 

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