https://www.youtube.com/watch?v=EatXwwWWzEc
Business Opportunities in Zambia For Foreigners - Why Should You Invest Zambia
1. Welcome to the Big Man Business YouTube channel, folks.
2. In this video, we'll look at some of the reasons why you should invest in Zambia.
3. The mining, agriculture, tourist, manufacturing, and energy sectors all provide significant investment prospects.
4. If you're new to the Big Man Business Youtube Channel, please subscribe and turn on the notification bell to receive updates on new business expert videos.
5. Zambia is sensitive to global commodity price swings due to its reliance on copper, which accounts for around 75% of the country's export profits.
6. Due to a drop in the price of copper, a slowdown in mining activities, and severe drought on agricultural and hydropower production, the country has experienced weak economic growth in recent years.
7. Zambian Investment Opportunities: Zambia's Seventh National Development Plan, which runs from 2017 to 2022, is projected to boost growth, create jobs, and pave the way for the country's economic diversification.
8. Zambian agriculture investment: The plan focuses on an integrated information system to support agribusinesses, farmer expansion, and extension service in the agricultural sector.
9. Agriculture is the industry with the most potential for impact and development.
10. Over the next five years, policy debates and widening production gaps will generate enormous opportunity.
11. For example, the country gives $0 corporate tax for the first five years after revenues in the agriculture sector are earned.
12. Manufacturing in Zambia offers opportunities because it is the industry with the most potential for growth.
13. The government also introduced significant investment incentives, such as zero corporate tax for the first five years after a profit, and zero import duties on raw materials, capital goods, and machinery for the first five years of operation in the zone, which compares favorably to other countries in the Southern African Development Community and the Common Market for Eastern and Southern Africa.
14. A thriving mining industry promotes local manufacturing demand and injects a large amount of capital into the economy.
15. Domestic consumption of manufactured goods, such as agricultural fertilizers and construction supplies, has soared as Zambians' wallets have expanded by an average of 14% per year between 2009 and 2012, based on GDP per capita.
16. This demand shows no signs of abating anytime soon, especially as the International Monetary Fund projects Zambia to be the world's ninth fastest expanding economy from 2011 to 2015.
17. In Zambia, electricity and power offer significant investment possibilities. Despite its rapid economic development, Zambia still suffers from power disruptions, particularly during peak hours.
18. According to experts, the country's power generation capacity will need to increase in the next five years.
19. Zambia has 6,000 Mega Watts of potential hydropower energy, however only 1,700 Mega Watts has been exploited.
20. Fuel prices have continued to rise as a result of the elimination of fuel subsidies earlier this year.
21. Rising power demand, particularly as the country strives to increase access to electricity, which was only available to 18.5 percent of the population in 2012, would put a strain on the current power infrastructure.
22. If the mining sector is to continue to grow, the government may have no choice but to invest in power.
23. The numerous cultural

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