Zambia
Zambia, landlocked country in Africa. It is situated on a high plateau in south-central Africa and takes its name from the Zambezi River, which drains all but a small northern part of the country. Zambia, unlike most of its neighbours, has managed to avoid the war and upheaval that has marked much of Africa’s post-colonial history, earning itself a reputation for political stability.
The landlocked country has experienced rapid economic growth over the last decade as Africa’s second largest copper producer after the DR Congo. But its over-reliance on copper has made it vulnerable to falling commodity prices. Zambia also has one of the world’s fastest growing populations with the UN projecting that its population will triple by 2050.
But economic growth and massive Chinese investment have failed to improve the lives of most Zambians, with two-thirds still living in poverty.
Zambia in Brief:
Capital:Lusaka
Currency:Zambian kwacha
Language:English
Time zone:(GMT+2)
Zambia & Logistics:
Located in Southern Africa, Zambia is a landlocked country connected to ports by various corridors: the Southern corridor with Durban, South Africa, the Eastern corridor to Dar es Salaam in Tanzania, South East to Beira in Mozambique and the Western corridor to Walvis Bay in Namibia.
With an annual production of 750,000 tons of copper with potential upswing for 2017, Zambia’s economy depends largely on commodity prices. The Government recognized the need to diversify the economy and open the country to investors.
Zambia’s chief export is copper, although trade in nontraditional exports—such as copper wire, cables, gemstones, and fresh vegetables and flowers—has grown. Cotton and tobacco are also exported. Sizable imports include chemicals and chemical products as well as machinery and equipment. Zambia’s most important trade partners include Switzerland, South Africa, China, and the Republic of the Congo.
Top Imports of Zambia:
- Copper Ore ($820M)
- Cobalt Oxides and Hydroxides ($712M)
- Refined Petroleum ($649M)
- Crude Petroleum ($389M)
- Nitrogenous Fertilizers ($228M)
Top Exports of Zambia:
- Raw Copper ($4.59B)
- Refined Copper ($2.64B)
- Cobalt ($233M)
- Raw Tobacco ($189M)
- Postage Stamps ($144M)
Main Ports of Zambia:
- Durban
- Walvis Bay
- Dar es Salaam
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