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ZAMBIA
AIDS and the economy
AIDS has the potential to create severe economic impacts in many African countries. ...
Agriculture
The monetized economy of Zambia is heavily dependent on the mining of copper, cobalt, and zinc. Fifteen percent of total wage employment in Zambia is in the mining industry, which in turn accounted for 11% of GDP in 1996, and 75% of the country¡¦s export earnings. Manufacturing industries and agriculture are the next two major sources of paid employment in Zambia; the sectors contributed 30. ...
Politics
Zambia has a common law legal system. ... Zambia is a multiple democracy. ... The main political parties in opposition include: The United party for National Developmetn (UPND), Forum for Democracy and Development(FDD), United National Independence party (UNIP), Heritage Party(HP), Zambia Republican Party (ZRP) and Partiotic Front (PF). ...
Current Economy
The overall aim of the country¡¦s Transitional National Development Plan (TNDP)/Poverty Reduction Strategy Paper (PRSP) for the period 2002-2005 is to reverse Zambia¡¦s deteriorating social economic conditions and attain sustainable economic growth; create employment and ultimately reduce the country¡¦s poverty headcount. ... Additionally, Zambia needs to achieve approximately 3. ...
Financial Sector
Banks
The structure of the banking industry consisted of the Bank of Zambia and 14 commercial banks. ... Further, Zambia participated in the Fianancial Sector Assessment Programme(FSAP) of the International Monetary Fund and the World Bank. ...
Non-Banks
In 2002, the formal non-bank financial institutions (NBFI¡¦s) regulated and supervised by the Bank of Zambia under the Banking and Financial Services Act of 2000 included 9 leasing companies, 3 building societies, 1 development bank, 1 savings and credit bank, 37 bureaux de change and 2 micro-finance institutions. ...
Investment opportunities
Zambia is richly endowed with natural and agro-mineral resource base, which present significant investment potential and opportunities. ...
Zambia has an enormous potential to become a major grower and exporter of agricultural and horticulture produce. ... Only 15% of Zambia¡¦s 60 million hectares of arable land is under cultivation. ... high quality five and four star hotels, Lodges and camp sites near the popular tourist areas)
„h Transport service ¡V Investment potential exists in air charters in form of helicopters and/or small planes to service game areas
„h Adventure holiday packages
„h Organized tours
„h Outdoor sports facilities
„h Zambia¡¦s cultural heritage
Mining Sector
Zambia¡¦s mineral wealth remains substantial. ... For its part the Bank of Zambia will have to continue implementing an appropriately targeted tight monetary policy. ... It is also important to note that over the years external assistance to Zambia has been on a declining scale and yet the needs of the country have expanded. ... This will ensure that maximum debt relief is delivered to the country as export earnings in 1999, which served as the base for the Debt Sustainability Analysis (DSA) determining Zambia¡¦s access to the Enhanced HIPC Initiative, were the lowest in the recent past.
Approximate Word count = 2243
Approximate Pages = 9
(250 words per page double spaced)
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