Zambia the hub of peace, the home of the mighty Victoria Falls, land linked to eight other countries has grown over the years both politically and economically. This beautiful country with a population of about 16 million people has seen an increase in investment in the private sector and the number of Zambians venturing into business has gone up in the recent years. The government has invested highly in infrastructure, as the nation has seen an unprecedented construction of roads, schools, hospitals and other essential infrastructure. For any economy to thrive there is need for good and strong infrastructure which the government is doing effectively.
Having been known for its copper production, Zambia has over the years endeavored to diversify its economy to agriculture and other sectors. The effectiveness of this call has been seen in the enthusiasm that many young Zambians have developed in agriculture, with many young entrepreneurs running successful agri-businesses. However, Zambia still has a lot of potential and there are a lot of areas of business that can still be exploited. This article therefore, will give you six reasons why you should consider investing in Zambia.
1. POLITICAL STABILITY
As outlined in the preamble, Zambia is a nation known for its peace and political stability. In the 53 years that Zambia has been independent, it has seen six presidents representing three different political parties come and go, in each instance; Zambia has had a peaceful transition of power. The political stability has a ripple effect on various economic indicators in the country which to a large extent guarantees the security of your investment.
2. POLICY COHERENCE
Zambia’s election cycle is every five years, what this means is that every party in power at a given time is given enough time to implement its policies. For a period of five years or more, an investor is guaranteed coherence in the various policies that may impact on their investment. This also gives you an opportunity to develop a relationship with the necessary government institutions without the fear of an immediate change of political leadership.
3. MARKET BEYOND THE BOARDERS OF ZAMBIA
While many say Zambia is landlocked, Zambians say we are land linked. Being surrounded by eight other countries, companies in Zambia have a market beyond the boarders that can be reached by road. We are surrounded by Zimbabwe, Namibia, Tanzania, DR Congo, Mozambique, Angola, Malawi and Botswana. These are available markets to the businesses in Zambia and can be accessed by road.
4. GOVERNMENT OPEN DOOR POLICY
Zambians are friendly people, who will at any day choose dialogue over conflict. Successive governments have been seen to have engaged various investors in dialogue every time there was an issue. Various government institutions are always open to dialogue with investors or would be investors.
5. A DECONGESTED MARKET
There is always a place for people and businesses looking to innovate in Zambia. Being a developing country, Zambia has many areas that have not been exploited hence the decongested market. There are a lot of business areas where most investors would be pioneers in Zambia. In the recent years, the use of ICT in Zambia has gone up with the number of people using smart phones having gone up; the teaching of ICT in schools has also raised their use in Zambia. This has raised the market of ICT based products and services. The manufacturing sector is another sector that has not been exploited in Zambia. In short, there is always a place for another player in Zambia.
6. HARDWORKING ZAMBIANS
Invest in Zambia; you will have the hard working Zambians ready to work with you. We are friendly and peaceful people, we look out for each other but most of all we are welcoming. Your investment is safe in Zambia.
Every investor seeks to make a profit, seeks to have the assurance that their investment is safe in the long run. That is what you get by investing in Zambia, stability and certainty. Being a growing economy, you are guaranteed growth for your business and investment in tandem with the growing economy.