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James Thornton British High Commissioner to Zambia.

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Presentation on theme: "James Thornton British High Commissioner to Zambia."— Presentation transcript:

1 James Thornton British High Commissioner to Zambia

2 Presentation Outline Bilateral Trade Strengths Trade and Investment Opportunities Challenges British Companies in Zambia Conclusion Presentation Outline Bilateral Trade Strengths Trade and Investment Opportunities Challenges British Companies in Zambia Conclusion

3 Bilateral trade

4 Generally stable political system UK strong brand Strong growth; reasonable macro economic fundamentals Abundant natural resources presenting good investment and trade opportunities MFEZ - Incentives Unlimited repatriation of after tax profits Progressive banking, legal and insurance services of international standards. Good place to work & live, friendly people Generally stable political system UK strong brand Strong growth; reasonable macro economic fundamentals Abundant natural resources presenting good investment and trade opportunities MFEZ - Incentives Unlimited repatriation of after tax profits Progressive banking, legal and insurance services of international standards. Good place to work & live, friendly people Strengths

5 Mining: Zambia possesses Africa’s largest known copper and emerald reserves Agriculture: only 1.5 m ha of the 42m ha arable land is under cultivation; accounts for about 40% of the fresh water resources in Southern Africa Energy: Potential to produce 6,000MW of hydro energy, currently only producing 1, 980MW Manufacturing: Multi Facility Economic Zones established to support investment Tourism: 20 national parks, 34 game management areas, home to Victoria falls Infrastructure: Massive projects being undertaken, roads, rail, electricity generation and airports Rapidly growing urban middle class Trade and investment opportunities

6 Challenges UNCLASSIFIED Landlocked country, input costs tend to be high Underperforming education and training system Poor infrastructure Red tape Limits on work permits for expats Preferential treatment of Zambian companies bidding for public contracts Regulatory changes introduced with little notice Political constraints to laying off workers Land rights for customary land can be bureaucratic

7 British companies in Zambia

8 No UKTI presence at present A market that requires work But strong economic growth and good margins Conclusion

9 CONTACT US Tel: +260 211 423200 Email: James.Thornton@fco.gov.ukJames.Thornton@fco.gov.uk @FCOJamesT Website: www.gov.uk/world/zambiawww.gov.uk/world/zambia www.facebook.com/UkinZambia @UkinZambia Contact Us

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