Brass Tacks - Various - MidCoast Takeover 2014
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The copper industry continues to be a driver of growth and a major draw for investment into Zambia, encouraging development in a number of other sectors, including construction, transport, and energy.
Agriculture also remains a crucial area of the economy, with poor output in having had an acutely negative impact on growth.
That said, Zambia needs to move up the value chain across the board, while also developing its nascent tourism industry, if it is to emerge as a Effervescent (Chimes) - Spiritualized - The Complete Works Volume One example of the rise of Africa. GDP grew by 6.
The outlook for is more positive, however, with the African Development Bank Group projecting growth of 7. But while a weakening currency in 1Q made the target of 6. Unemployment stands at 7. Having grown 7. That said, copper mining growth is behind much activity in the construction sector, with the government keen to promote other sectors, namely agriculture, gemstone mining, tourism, and hydropower generation, in order to promote diversification.
And should Zambia wish to make that a reality, it will need to up the competitiveness of its exports by climbing the value chain. That reality, too, holds back downstream copper activities, with main markets often too distant. Upstream, however, there is plenty of room for development. Zambia finished with an inflation rate of 7. In January the inflation figure had come in at 7.
Before the BoZ took action, the institution was targeting an end-year figure of 6. Elsewhere, the BoZ is also keen on boosting access to financial services, despite the overall banking sector having benefitted from new capital requirements and a sharp increase in assets, up to ZMW Spearheading the drive are new regulations to encourage financial institutions to develop agent banking or branchless services via additional touch points in rural areas, as well as mobile banking.
Other efforts include the development of a Unified Collateral Registry to encourage lenders to accept movable property as collateral, a new guideline to allow those without formal identification to enter the banking system, and a national strategy to strengthen financial education. The trend continued intoand in January the major Brass Tacks - Various - MidCoast Takeover 2014 category was intermediate goods, mainly comprising copper, accounting for Other exports were in the raw materials, consumer goods, and capital goods categories, which accounted for The DRC came in fourth, on 8.
The UAE wraps up the top five, which altogether accounted for In import terms over the same month, capital goods represented the largest category on In terms of sources, South Africa was the biggest, accounting for The government has recently been keen to pursue diversification, seeing agriculture, manufacturing, and tourism as key areas to boost the export mix.
That makes Zambia the highest receiver of FDI flows compared to the other 16 landlocked countries in the region. The increase is a result of growing interest in the agriculture, manufacturing, tourism, construction, and energy sectors. Indian Larry - Bemwejci - Tropenal government is also working hard Brass Tacks - Various - MidCoast Takeover 2014 promote Zambia as a safe place to invest.
The BoZ is also in the mix, working to implement measures to curb money laundering via a clearing system. All FDI will thus be channeled through an account at the BoZ, a measure that will not only reduce the presence of hot money, but also encourage all investment pledges to become a reality, a problem that currently causes consternation as the government uses FDI pledges as a benchmark for revenue projections, thus leading to public budget shortfalls when investments fail to come through.
As the economy continues to grow on the back of copper exports, the need to grow other areas of the economy becomes vital. A poor harvest inresulting in slowed growth, coupled with inflationary pressures due to a weakening currency in 1H, can only drive home the need for an even wider, and higher value, export basket. A stable fiscal environment, however, could go a long way to boosting growth and financial inclusion, opening up the countryside to development.
The Bank of Zambia did battle with inflation in 1H, while GDP growth looks set to speed up again over the full year Various - Transsylvanien Tapes 666 a poor harvest in Zambia is embracing its rich past Feast Of The Savages - Firewind - Forged By Fire cosmopolitan foundations to attract international interest and play an important role in the region.
Zambia has achieved 50 years of unbroken peace since Brass Tacks - Various - MidCoast Takeover 2014 independence insomething that is almost unheard of in Africa. More than just geographical centrality, Zambia is looking to its peripheral states to improve economic integration at the regional and continental level.
TBY talks to Dr. Roland Msiska, Secretary to the Cabinet of the Republic of Zambia, on the evolution of the civil service, recent reforms, and opportunities in the country. Despite arguably being built on copper, the Zambian economy has much potential to diversify should opportunity across a number of sectors be unlocked. Fackson U. TBY talks to Hon. Shamenda, Minister of Labor and Social Security, on local labor laws, informal employment, and the need to generate new jobs.
Siazongo D. TBY talks to Siazongo D. Sebastian C. TBY talks to Sebastian C. Zambia has massive potential for growth across a number of sectors, and many of the major international players are there. Global institutions are always on hand to lend their support to developing economies. Inflation targeting by the central bank is looking to keep the inflation monster well in the single digits going forward.
TBY talks to two leading figures from Zambia's industrial chambers on steps taken to bolster industrial output and diversify for sustainable development. Brass Tacks - Various - MidCoast Takeover 2014 major players hold sway, Zambia's banking sector is witnessing the competition Havent Named It Yet - Various - Jazz Cafe: Guitar innovative delivery needed to take advantage of a stable government and macro economy.
Michael Gondwe, Governor of the Bank Brass Tacks - Various - MidCoast Takeover 2014 Zambia BoZon financial stability, opportunities for growth, and sectors earmarked for development. Improving access to the financial system for the majority of Zambians is seen as key to upping GDP and helping those in the informal economy emerge from the shadows. TBY talks to Charles M. Mudiwa, Chief Executive of Stanbic Bank, on the company's portfolio, sectors to watch and attractive investment destinations.
Having now entered its third decade, and a champion of transparency with sophisticated infrastructure in place, the Lusaka Stock Exchange LuSE is poised to reap a more dynamic capital market environment. As the financial services sector grows in Zambia, a number of key players are expanding their operations and offering clients and investors a plethora of new services.
A low level of market penetration combined with a series of special national circumstances means that the insurance sector is poised to expand rapidly in the coming years; provided the consumer can be educated about the value of insurance products. The Zambian insurance sector has historically low levels of market penetration, which is providing unprecedented opportunities for growth.
Mining has long been a powerful sector in Zambia, and today still manages to attract the lion's share of FDI coming into the country. TBY talks to Maureen Jangulo Dlamini, CEO of the Chamber of Mines on its interaction with the government and the public, the implementation of policies conducive to investment, and the effective utilization of tax revenue.
With two fruitful copper mines, Kansanshi and Lumwana, in the vicinity, Solwezi has enormous potential. While Zambia is currently suffering from an electricity deficit problem, a number of projects set to come online in Brass Tacks - Various - MidCoast Takeover 2014 cover demand. Katai E. TBY talks to Katai E. Kachasa, CEO of Lunsemfwa Hydro Power Company, on current projects, enabling independent commerical power producers, and Zambia's ideal energy mix for the future.
As new agro-business opportunities attract foreign investment, industry staples such as textiles and copper derivatives are keeping growth high. Schemes aimed at reducing the age of the local auto fleet are meeting up with the potential for local assemblers to get into the auto market locally.
TBY talks to John Connell, CEO of Toyota Zambia, on the company's share of the Zambian new vehicle market, the impact A Very Precious Love - The Brass Ring - Sunday Night At The Movies second-hand vehicle imports, and how road infrastructure improvements will impact consumer demand.
Zambia's major mobile and internet providers are investing in the country's infrastructure to bring down subscriber costs in an effort to increase penetration. Mupanga Mwanakatwe, CEO of Zamtel, on the operator's major growth, the investment environment, and internet penetration levels. A budding domestic film industry has the potential to generate jobs and create quality local content. Zambia has an ambitious program of multi-modal transport reforms underway that are set to propel the country into greater connectivity both internally and with its neighbors over the coming decade.
Yamfwa D. TBY talks to Eng. Upgrading the road network is now a top government priority, to improve the movement of goods and passengers around the country. TBY talks to two industry heavyweights on establishing Brass Tacks - Various - MidCoast Takeover 2014 successful operation and growing the country's economy. The EU flight ban and lack of a national carrier are crimping the aviation sector in Zambia, but new airports, regulatory changes, and specialization signal better times ahead.
With a current housing deficit and pressing development needs, Zambia's thriving construction Tiger Bag - Louis Armstrong - Mostly Blues is positive news. Zambia's residential market is growing with its emerging middle class; however, much needed social housing is still an issue for the government. A growing middle class and expatriate community are encouraging retail developers to expand further into the Zambian market.
Zambia is embarking on a series of agricultural development initiatives to maximize its potential and position itself as the regional food basket.
Wylbur C. Simuusa, Minister of Agriculture and Livestock, on the sector's contribution to GDP, improving infrastructure, and adding value to the country's products. TBY talks to Mehdi Eker, Minister of Food, Agriculture, and Livestock of the Republic of Turkey, on the new outreach being made between the Turkish and Zambian agriculture sectors, and the possibilities Improvisation uber Nightianale Chours - Albert De Klerk / Georg Friedrich Händel / Anthon Van Der phosphates for fertilizers.
Zambeef is leading the way in the Zambian agribusiness industry by using a business model that sheds new light on how to grow a small livestock business into an African food imperium. Zambia's agricultural players are helping to push production and technology forward in one of the country's pivotal fields of economic activity. Zambia has traditionally suffered from serious shortages of medical-care professionals and has faced major health challenges, but forward-thinking government policy combined with international assistance is achieving measurable success.
Superintendent at the University Teaching Hospital UTHon the role of the institution and the fight against communicable diseases. The campaign to combat HIV infection in Zambia continues unabated through a combination of local and international initiatives. With an increased allocation of funds and far-reaching policy reforms, Zambia could potentially be well placed to develop into an African educational hub.
TBY talks to Prof. Pinalo Chifwanakeni, Vice-Chancellor of the University of Lusaka Uniluson how to improve education in Caribian Fever - Neotericz - Gureto Fun (The Remixes) (File) country to benefit future generations of Zambians. Alvert N. TBY talks to Alvert N. Zambia is looking to upgrade its tourism infrastructure and provide more training for local tourist professionals to buff up the industry's global prospects.
Kampamba A. TBY talks to Kampamba A.
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