Investing in Commercial Property in Zambia

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Zambia has enjoyed a long period of political stability and has experienced five multi-party elections since 1991. Zambia has a British Style parliamentary democracy, elections are held every five years and the presidency is limited by the constitution to stay for two five-year terms. Zambia’s real Growth Domestic Product (GDP) growth has been robust and is projected to increase to 7.4% in 2016 while inflation is expected to decrease. The growth in real GDP is largely a result

Zambia’s real Growth Domestic Product (GDP) growth has been robust and is projected to increase to 7.4% in 2016 while inflation is expected to decrease. The growth in real GDP is largely a result in the growth in mining (with copper as the mainstay), manufacturing, construction, transport, communications and energy. The Government has continued to strengthen fiscal governance and democratic processes and is making an effort to widen the tax base. The government’s focus is on job creation with the plan to create 200 000 decent jobs per annum. (Source AfDB,OECD,UNDP).

Zambia is both a member of the Common Market for Eastern and Southern Africa (COMESA) and the South African Development Community (SADC). It thus enjoys duty-free access to two key African markets. Zambia’s financial sector is relatively small but is the fastest growing, which accounted for 7% in 2014. To continue reading click here…

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