The attractive investment prospects offered by Zambia's burgeoning tourism industry have been brought to the fore at the 67th meeting of the UN Tourism Regional Commission for Africa in Livingstone.
Taking place from July 22 to 24, the meeting saw the launch of a new set of investment guidelines for the southern African country. The Tourism Doing Business Investing in Zambia guidelines highlighted five key competitive advantages offered by the country, including rich natural resources and wildlife, cultural diversity and peace, a strategic location in the heart of Africa, a conducive business environment, and attractive business incentives.
Investment in Zambia is an increasingly attractive prospect for individuals, businesses and governments seeking opportunities. With its abundant natural resources, favourable business environment and commitment to economic diversification, Zambia offers a range of investment possibilities across various sectors, said Zambia's Minister of Tourism Rodney Sikumba .
The guidelines were compiled through a collaboration between UN Tourism, Zambia's Ministry of Tourism, the Zambia Tourism Agency and the Zambia Development Agency.
Attractive business environment and incentivesIn the World Bank's 2019 Ease of Doing Business report (now discontinued), Zambia was ranked the eighth-easiest African country to do business in and first for ease of obtaining credit. Investment attractiveness is further strengthened through the country's 16 investment promotion and protection agreements, which particularly emphasise investments in the tourism sector.
