Invitation to Finland
The Zambia Development Agency, and Embassy of Finland in Lusaka, are organising a Trade and Investment Mission to Finland scheduled for May 2018.
The aim of the mission is to foster development cooperation between the two governments; as well as trade and investment cooperation between private sector companies in economic sectors such as mining, renewable energy and waste management.
The mission is a follow up to the inward bound investment mission from Finland that we hosted in September 2017.
The mission is particularly designed to facilitate joint ventures and identify match making opportunities with Finish companies.
In view of this, we wish to invite you to attend this mission to Finland. If interested, you will be expected to submit detailed profiles of your businesses or projects. The profiles are meant to help organisers identify suitable business to business partnerships.
*Kindly note that you will be expected to bear all expenses related to your travel such as airfare, accommodation and insurance.
For more details about participation, kindly contact Mr. Jones Zulu on +260977543080 or email@example.com.
- Alfredo Baldini – IMF
- Caesar Cheelo – ZIPAR
- Florence Banda-Muleya – ZIPAR
- Shebo Nalishebo – ZIPAR
- Bankers’ Association of Zambia
- Zambia Fruit and Vegetables Association
- Zambia Association of Manufacturers
The available presentations can be downloaded below.
There will be no Chamber events in October, with so may being away, so our next event will be our monthly lunch in November.
The British Chamber of Commerce in Zambia held an event on Governance in Zambia on 28 September, attended by some sixty members and guests.
We were privileged to have a distinguished panel of speakers to address the gathering:
- Dr Roland Msiska, Secretary to the Cabinet, who spoke about governance in the public sector
- Dr Patrick Chisanga, formerly DG of the ZDA and now running his own corporate governance consultancy, Dynamic Concepts, who spoke about governance for companies
- Ms Barbara Nost, CEO of the Zambia Governance Foundation, who spoke about organisational governance in the not-for-profit sector.
Key elements of governance were presented and discussed, such as integrity, transparency, responsibility, and accountability. Dr Msiska spoke about the key issues in the Zambian public sector and what government is doing to overcome these through improved systems, training and digital transformation. He also noted the difficulties in moving to a fully independent civil service and away from the system of political bias.
Their presentations were followed by an active discussion on topics such as transparency and acts of commission and omission. Their presentations and available for download here.
There will be no Chamber events in August, with so may being away, so our next event will be our monthly lunch on 20 September. We will also have a programme of member only and open to all events from September onwards.
The Chamber, as part of its activities to provide opportunities for informative discussion and to create awareness of opportunities for Zambian business, held an event on ‘The Business of Sport’ on 27 July.
The concept for the event was that Sport is, and can be, a business like any other but has wider benefits than simply promoting an activity. Support for sports by businesses can also have a positive and beneficial impact on communities; it can promote healthier lifestyles and, if properly managed, can enhance the public perception and awareness of the company concerned, raise its brand profile and even be profitable.
It is also the Chamber’s policy to have consistent exchanges between the Government and Zambia’s private sector, since economic growth and Zambia’s social development depends on interactions between both parties and a better understanding of opportunities and constraints.
We were delighted to have three excellent speakers for this event:
- Ms Bessie Chelemu, Director of Sport at the Ministry of Sport, Youth and Child Development
- Mr Jason Kazilimani, President of the Zambia Golf Union and Senior Partner & CEO KPMG Zambia
- Mr Ronnel Armengol, a Director of R&G Sports (as well as R&G Events), which has a 3-year contract with the Zambian Rugby Union to manage and promote Rugby 7s in Zambia.
Their presentations can be downloaded here.
- Zambia National Rugby 7s Management – R & G
- Sport in Zambia – Jason Kazilimani, Golfer’s Union of Zambia
- The Business of Sport in Zambia – Ms. Bessie Chelemu, Director of Sport – Ministry of Youth, Sport and Child Development
Key takeaways were:
- Government policy should make sports compulsory in all schools
- Lack of awareness of sport disciplines other than football
- Inadequate and poor sports facilities
- Poor coaching, training and scouting
- Sports administration leaves much to be desired
- Opportunities for businesses to engage in supporting sports at community, provincial, national and even international levels
- Lack of awareness of the range of support available through the Ministry and its relevant sports bodies and agencies.
The Zambian property sector has seen a number of changes in the last two years, particularly the swings in supply in office and retail space, rental values, the shortage of medium and lower cost housing and recent investments in educational and health establishments. The British Chamber of Commerce in Zambia organised this event to provide a range of information on what the current trends are in supply, demand, values, investment opportunities and the regulatory environment. Presentations were made by:
- Tim Ware, MD of Knight Frank Zambia, provided an overview of the current state of play in the main sectors of commercial, residential and industrial and also looked at emerging sectors such as health, education and tourism;
- Sydney Popota, MD of Real Estate Investments Zambia (REIZ), gave a background to REIZ’s development and also looked at emerging investment opportunities in the sector;
- Namakuzu Shandavu, Infrastructure Partner at Corpus LP, discussed the regulatory environment, costs of trading in property and key matters to be aware of.
Their presentations are available for download here.
- Zambia: Property Market Overview 2017 – Tim Ware, Knight Frank
- Zambia: Property Investment Opportunities and Pitfalls – Sydney Popota, Real Estate Investments Zambia
- Zambia: Property Acquisition and Ownership – Namakuzu Shandavu, Corpus Legal Practitioners
The Chamber is grateful for the support for the event from Knight Frank, REIZ and the Zambia Property Owners Association.
On 26 April the Chamber held an event on the Zambian Economy. The keynote presentation was made by Kapumpe Chola Kaunda, Head of Corporate and Investment Banking at FNB and our discussants were the Permanent Secretary at the Ministry of Commerce Trade and Industry, Ms Kayula Siame, and Mr Larry Kalala, a former banker and now in business and farming. Mrs Kaunda’s presentation showed how Zambia’s current GDP growth is at 17-year lows due to lopsided sources of growth (mainly copper exports), but starting to recover as copper prices have risen and inflation has steadily fallen to just under 7%, while the yield on treasury bills has fallen to around 14%, down from about 27% a year ago.
While risks remain, the consensus among those present was that Zambia remains one of the best countries in sub-Saharan Africa in which to invest and that this confidence in likely to increase if and when Zambia concludes an agreement with the IMF.
Read the FNB Zambia Presentation.
The Zambia Institute for Policy Analysis and Research (ZIPAR) recently published its report on supermarket chains and the implications for local suppliers in Zambia.
The last two decades have seen rapid economic growth in Zambia and the proliferation of foreign supermarket chain stores. However, this growth has translated into neither significant job creation nor significant poverty reduction. Furthermore, while the expansion of supermarket chains in Zambia has continued, local processing firms’ participation in supermarket value chains remains limited. This paper assesses the hindrances to local processing firms’ participation in supermarket value chains and how those firms’ participation might stimulate growth through regional trade. Our results show that local processing firms’ participation in regional supermarket value chains is constrained by a number of factors that pose either strategic or structural barriers to entry.
Read the full report by downloading: ZIPAR Report on The Expansion of Regional Supermarket Chains: Implications for local suppliers in Zambia.