Trade and Economy


MACROECONOMIC OBJECTIVES, POLICIES AND STRATEGIES FOR 2022


Specific Macroeconomic Objectives for 2022 are as follows

  • a) Attain a real GDP growth rate of at least 3.5 percent;
  • b) Reduce the inflation rate towards the 6-8 percent medium-term target;
  • c) Limit international reserves to at least 3 months of import cover;
  • d) Increase domestic revenue to not less than 21.0 percent of GDP;
  • e) Reduce the fiscal deficit to no more than 6.7 percent of GDP; and
  • f) Limit domestic borrowing to no more than 5.2 percent of GDP.

Investment Opportunities

• Agriculture Sector

Agriculture remains a key driver of economic growth and poverty reduction. Government's strategic focus in the agriculture sector is to achieve food security, promote crop diversification, as well as increase productivity and value addition.

• Aquaculture (Fish Farming)

The Government of the Republic of Zambia through the Ministry of Agriculture and Livestock has set aside large portions of farm land and Water areas for promotion of fish farming as pond and Cage/pens respectively for commercial Aquaculture targeting foreign and local investors.

• Energy Sector

With its vast water resources and coal reserves, Zambia offers abundant investment opportunities for hydroelectric power generation, supply and distribution. The country has well over 6,000 MW of hydroelectric generating potential, and only 2,393MW has been developed.

• Tourism

The vast potential in the tourism sector in Zambia, with its natural beauty (including the Victoria Falls, which is one of the most renowned beautiful transcendental Seven Natural Wonders of the World) and the wealth of wildlife have yet to be fully exploited.

• Manufacturing Sector

The government has been forceful in introducing policies to stimulate economic growth and specifically in the manufacturing sector. The main emphasis has been on food processing and textile production. The growth potential in other industries is vast.

• Infrastructure Sector

Despite the unprecedented rollout of infrastructure including airports, roads, railway, housing etc, Zambia provides numerous opportunities in this area. Using various investment models including Public-Private Partnership (PPP), investors will notice opportunities ready to be exploited.

• Mining

Zambia has an abundance of known mineral deposits. The country is the world's fourth largest producer of copper and holds six percent of the world's known reserves thereof. Copper and cobalt, as the country's traditional exports account for well over 70 percent of export earnings. Opportunities for the exploitation of other minerals have been identified.

• Education

Revitalisation of the educational system is being accorded high priority especially in primary education. The Education Sector Investment Programme (ESIP) stresses the rehabilitation of educational facilities and improvement of the quality of education. With the rapidly expanding population, there is currently a big demand for universities. The country has relatively a good number of technical colleges, but room still exists for investment opportunities for provision of university level and other tertiary education.


Contact Info

  • High Commission of the Republic of Zambia
  • 10 National Circuit, Barton 2600
  • Canberra,Australia
  • P.O. Box 4574, Kingston 2604
  • ACT, Australia