Zambia

Zambia's urban landscape is dotted with extra-legal low-income settlements, where the interplay between possession, economic rights, and legal rights shapes the development trajectory. This article examines the effect of property rights on the development of these settlements, the underlying mechanisms and processes involved, and the relationship between formal and informal institutions in their growth. By...

Reducing the costs of solar electricity production, helping building projects and accelerating their process, were the main objectives of the World Bank for Sub-Saharan Africa’s program, “Scaling Solar”. It was implemented in Zambia after being presented in Washington in 2015. Nine months later, seven electrician projects were selected for the development of two solar power plants. With the help of...

As the majority of Zambians become wealthy, there is a growing taste in overseas holidays. The country’s excellent relationship with Israel has resulted in a high number of Zambians choosing Israel as the ideal tourist destination. Israel holds bragging rights as the birthplace of Christianity, attracting millions of Christian tourists. Zambia has not been left out as most Zambians are Christians....

Angola and Zambia are looking to expand integration and cooperation among them in order to promote growth in both their economies. The two embarked on creating transportation infrastructure aimed at linking them. This is aimed at providing mobility for people and moving merchandises across the two countries. Minister of Transport for Angola Augusto Tomas shared these views after visiting construction...

Zambia recently received an upgrade on its credit rating by Moody which is one of the top credit rating agencies. According to Miles Sampa who is the former deputy minister in Finance and Commerce, the new rating is an indication of sound economic leadership by President Edgar Lungu. The former deputy minister said that the move from negative to stable credit rating was a sign of confidence and proper...

In a shareholder’s agreement, Ethiopian Airlines acquired a 45 percent stake in Zambia Airways in January this year. The deal will see Zambia Airways re-launched after more than 20 years. The Ethiopian Airlines confirmed that the deal with Zambia was finalized. This agreement would facilitate the realization of Ethiopian Airline’s commitment in setting up various hubs in the Horn of Africa, Central...

To many people around the world, Sub- Sahara Africa is a no-go region especially when one thinks in investment and entrepreneurship lines of thought. However to informed business minded people this region has endless great investment opportunities. Efforts have started to play off in African countries to diversify the economy in order to maintain a steady economic growth.  These calls are aimed at...

Africa, for the last year, has been resourceful and rewarding to bond investors. Investors poured in large numbers to have a taste of the high yielding continent and recovering economy from investments dating three years back. Africa’s dollar securities and local currency performed quite well compared to emerging markets globally. But this has not been a bed of roses for investors who were faced with...

Masunka Silungwe an expert in construction has called upon the government of Zambia to support local construction companies in order to have a fair competing ground with foreign firms. The Vectron Consult Infrastructure Implementation Specialist sighted that Zambia has many qualified engineers in construction unable to compete favorably due to lack of finances. He advised the government of Zambia to...

Since 2013 Zambia has witnessed massive developments of infrastructure in all parts of the country. The government has made true its promise in one of its major agendas of infrastructural development. In the last four years, there has been a construction of health facilities, colleges and universities, schools and major upgrade and construction of new roads. New police stations, administration offices,...