Zambia Economy and Business

• GDP: US$11.2 billion (2007).
• Main imports: Machinery, transport equipment, petroleum products, fertislisers and foodstuffs.
• Main exports: Copper, cobalt, tobacco, flowers and cotton.
• Main trade partners: South Africa, Switzerland, UAE, China and UK.

The Zambian economy relies heavily on the country's mineral wealth, particularly copper (of which Zambia is one of the world's largest producers), and also cobalt and zinc. These account for the bulk of export earnings and provide essential raw materials for Zambia's manufacturing industry, which accounts for over one-third of national output. Apart from raw material processing, the manufacturing sector includes vehicle assembly and oil refining as well as the production of fertilisers, textiles, construction materials and a variety of consumer products.

Despite the role played by industry (unusually high by African standards), export earnings were steadily declining throughout the 1990s, mainly as a result of persistently low commodity prices.

Agriculture produces 14% of GDP and employs 85% of the population. Maize and cattle are the main earners. Zambia's hydroelectric projects have allowed it self-sufficiency in energy.

The economy grew by 5.3% in 2006, whilst inflation was at 10.7%.

Formal dress is acceptable for people at business meetings. English is widely used in business circles.

Office hours: Mon-Fri 0800-1300 and 1400-1700.

Ministry of Commerce, Trade and Industry
PO Box 31968, Kwacha Annex, Cairo Road, Lusaka, Zambia
Tel: (1) 228 301.

Zambia Chamber of Commerce and Industry
Showgrounds, Great East Road, Box 30844, Lusaka, Zambia
Tel: (1) 252 483 or 253 020.
Website: www.zacci.org.zm

Zambia Investment Centre
PO Box 34580, Lusaka, Zambia
Tel: (1) 254 241.

Mulungushi International Conference Centre
PO Box 33200, Lusaka, Zambia
Tel: (1) 290 506 or 291 229.