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lusakaCity
Looking good Lusaka

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beautdull raimbow

Lusaka
down town

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investment center

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P-unit
they were there too

brkpointclub
This is the place

Fast_boys
Our beautifull ladys

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Happy time

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Was fine night
Zambia Business


Bussines in Zambia


Economy

Economic performance was dramatically different in the first and second halves of 2008. In the first half, the Zambian economy was mainly affected by the steep increase in international commodity prices. On the one hand, increases in the prices and production of copper boosted export revenues. On the other hand, the steep increases in oil and food prices reduced purchasing power and raised production costs. The rise in copper prices also caused a sharp appreciation of the Zambian kwacha, weakening the performance of non-traditional exports.

In the second half of 2008, the situation was reversed with a sharp decline in copper prices and a corresponding depreciation of the kwacha. It took several months for the decline in oil prices to translate into lower fuel prices, and the food-price inflation continued to rise through to the end of the year and even in the beginning of 2009, when overall inflation began to drop.

Public investment and public consumption in particular both increased as well, but private consumption only grew by around 4 per cent in real terms since purchasing power was constrained by high food and oil prices. Exports grew slower than imports, resulting in a negative contribution to growth from external demand. For 2009, total investment is forecast to decline due to a drop in private investment, especially in the mining sector. Both public and private consumption are forecast to increase only slightly, in line with budget restrictions and lower income due to the financial crisis. For 2010, growth of consumption, investment and exports is expected to pick up, provided the world economy starts to recover at the end of 2009.

How's the business in Zambia?


Zambia Business comments

Your comments


Zambia economic become to recover but the price of goods still very expensive.
Tembo, Zambia


With lot of construcntion in Angola sements become good business to export in Angola.
Nick , Zambia,London


I am running a transporting business over here is headache. Administration over here is chaos and the police have the same virus of all african police got corruption.
James Kaunda , Zambia,Lusaka


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Political in Zambia

Politic in Zambia


President Levy Mwanawasa passed away in August 2008 after suffering a stroke at the end of June. According to the constitution, a new president had to be elected within 90 days. A presidential election took place in October, which the former vice-president, Rupiah Banda, won with 40 per cent of the closely contested vote, against 38 per cent for the opposition Patriotic Front (PF) leader, Michael Sata. Before the elections, there was a contest over the nomination of the candidate within the ruling party. The elections were mostly peaceful and rated free and fair by regional and international observers, but voter turnout was markedly low with only 45 per cent of registered voters going to the polls.

The new president has repeatedly declared that he will continue the fight against corruption. The Anti- Corruption Commission received more than 2 000 corruption complaints from the public in 2008. The majority of these complaints were against government officials. However, due to a weak legal system not many higher-level officials have been convicted. Zambia was thus ranked as the 17th most corrupt country in the world in 2007 by Transparency International. Nevertheless, with Freedom House reporting gains towards more political freedom in Zambia, especially thanks to a better functioning of the judiciary, there are good prospects for improvement, especially if the new constitution strengthens the autonomy of the Anti-Corruption Commission and the Office of the Auditor General. In 2008, an Ethics Code for public service was developed, and ethics committees were established.

The Ethics Code will make civil servants accountable for their actions and should help to increase efficiency in the public sector. The government also reiterated its commitment to the continued enhancement of transparency in the mining sector by implementing the guidelines of the Extractive IndustriesTransparency Initiative in the 2009-11 MTEF. Rejection by the cabinet of the Decentralisation Implementation Plan in 2008 has slowed progress in decentralisation. Whereas the Ministry of Local government and Housing wanted to promote local capacity building and as a parallel process, deployment of functions from line ministries, the majority in the cabinet was of the opinion that capacity building should come first. Capacity building was performed in the area of finance and audit for local councils.


Zambia Political comments

What do you think about the current political situation in Zambia?


Your comments


Zambia is a country in africa that political is stable. Just our corrupted politiciens that the problem over.
Mutau, Zambia


We didn't have any civil war that's good for us. May be because we don't have oil!
Devison , Zambia


I lived in Lusaka for few years. They've the same problem that other African countries have. Corrupt politiciens and do nothing to improve the life of their people.
Thomas John , England, London



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Usefull Information Zambia

Top Hotels

  • Eight Reedbuck Hotel
  • Southern Sun Ridgeway Lusaka
  • Protea Hotel Lusaka

Top restaurants

  • Marlin
  • Dill
  • Seoul Korean Restaurant

Place to visit

  • Chaminuka Game Reserve
  • Lady Livingstone Sunset Cruise
  • Livingstone Museum
  • Victoria Falls (Mosi-oa-Tunya) National Park

Internet Access

  • The Internet is increasingly popular in Zambia with three ISPs proving local access to the major centres
  • The telecommunications network is underdeveloped hampering further growth.

Not to miss to see

  • Victoria Falls (Mosi-Oa-Tunya)
  • Chaminuka Game Reserves
  • Lady Livingstone Sunset Cruise
Zambia Usefull information comments

Your comments


I go every year in Lusaka is beautifully but lot of dust.
Mutau


I visited Victory Falls and recommend any person who visit Zambia to go to see Victory Falls. It is beautifull experience.
Mark Owen



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