TABLE OF CONTENTS LIST OF FIGURES ................................................................................................................ i LIST OF TABLES .................................................................................................................. i COUNTRY FACT SHEET ...................................................................................................... i LIST OF ACRONYMS .......................................................................................................... ii EXECUTIVE SUMMARY ....................................................................................................... i 1. INTRODUCTION AND BACKGROUND ........................................................................ 1 1.1 Introduction ............................................................................................................................ 1 1.2 Background ........................................................................................................................... 2 2. OVERVIEW OF ZAMBIA ............................................................................................... 4 3. ECONOMIC OUTLOOK ................................................................................................ 7 3.1 Economy ..................................................................................................................................... 7 3.2 Economic Structure ................................................................................................................... 9 3.3 Credit Rating............................................................................................................................. 11 3.4 Monetary Policy ....................................................................................................................... 12 3.5 Trade Environment .................................................................................................................. 14 3.5.1 Major Destinations for Exports ....................................................................................... 15 3.5.2 Major Destinations for Imports ....................................................................................... 17 3.5.3 Zambia’s Trade with SADC ............................................................................................ 19 3.5.4 Zambia’s Trade with COMESA ...................................................................................... 19 3.5.5 Document requirements for importation and exportation ........................................... 21 3.6 Business Environment ............................................................................................................ 22 3.6.1 Global Competitiveness .................................................................................................. 22 3.6.2 The Legatum Prosperity Index ....................................................................................... 23 3.6.3 Ease of Doing Business .................................................................................................. 24 3.7 Regional Integration index ..................................................................................................... 30 4. ROAD TRANSPORT ENVIRONMENT ........................................................................ 35 4.1 Overview ................................................................................................................................... 35 4.2 Road Traffic Legislation .......................................................................................................... 39 4.2.1 Speed Limits ..................................................................................................................... 39 4.2.2 Traffic Fines ....................................................................................................................... 39 4.2.3 Toll Plazas ......................................................................................................................... 40 4.2.4 Border posts ...................................................................................................................... 41 4.2.5. Zambia – Main Trade Routes ..................................................................................... 44 i 5. PASSENGER ROAD TRANSPORT ............................................................................ 46 5.1 Passenger traffic Volumes ..................................................................................................... 46 5.2 Tourists ...................................................................................................................................... 46 5.3 Zambia Tourism Sector .......................................................................................................... 47 5.4 Zambia Tourists Attractions ................................................................................................... 48 5.4.1 National Parks ................................................................................................................... 48 5.4.2 Waterfalls ........................................................................................................................... 49 5.4.3 Museums ........................................................................................................................... 49 5.4.4 Cultural Ceremonies ........................................................................................................ 49 5.5 Cross border road transport permits ..................................................................................... 50 6. OPPORTUNITIES ........................................................................................................ 51 6.1 Mining sector ............................................................................................................................ 52 6.2 Infrastructure sector ................................................................................................................ 53 6.2.1 Transport Infrastructure ................................................................................................... 53 6.2.2 Housing and Estate Infrastructure ................................................................................. 57 6.2.3 Energy Infrastructure ....................................................................................................... 58 6.3 Agriculture sector ..................................................................................................................... 58 6.4 Tourism sector ......................................................................................................................... 59 6.5 Manufacturing sector ............................................................................................................... 60 7. CONCLUSION ............................................................................................................. 63 8. CONTACT DETAILS OF RELEVANT AUTHORITIES ................................................ 64 9. REFERENCE ............................................................................................................... 65 ii LIST OF FIGURES Figure 1: Map of Zambia .................................................................................................................... 4 Figure 2: Districts of Zambia ............................................................................................................. 5 Figure 3: Zambia GDP per capita ..................................................................................................... 6 Figure 4: GDP Growth Rate .............................................................................................................. 8 Figure 5: GDP by sector ..................................................................................................................... 9 Figure 6: Sector contributions to GDP ........................................................................................... 10 Figure 7: Zambia Inflation Rate ....................................................................................................... 13 Figure 8: Major Export destinations (USD millions) ..................................................................... 15 Figure 9: Top Source Countries for Imports (USD millions) ....................................................... 18 Figure 10: Global Competitiveness Index Framework ................................................................ 22 Figure 11: Zambia’s Competitive Ranking .................................................................................... 23 Figure 12: Zambia vs. South Africa Rankings ............................................................................... 25 Figure 13: Comparative Ranking .................................................................................................... 27 Figure 14: Trading Across Borders South Africa vs. Zambia ...................................................... 29 Figure 15: Regional Integration Index ............................................................................................ 31 Figure 16: Overall scores on regional integration by REC ......................................................... 32 Figure 17: SADC vs. COMESA scores .......................................................................................... 32 Figure 18: Total Road Network (Percentage) ..............................................................................