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ZAMBIA 2018 INVESTMENT ROAD MAP:Recognising the Po...
05 Feb 2018 07:41ZAMBIA 2018 INVESTMENT ROAD MAP:Recognising the Potential Giving our Visitors a Unique African Experience.

The Government of Zambia has identified tourism, including arts and culture as one of the priority growth sectors of the national economy. The tourism sector holds the potential to be a major contribu [ ... ]

TOURISM AND ARTS:PILLAR NUMBER ONE UNDER ECONOMIC ...
30 Sep 2017 12:41

Government together with Business Regulatory Review Agency will reduce the cost of doing business and unnecessary bureaucracies in the Tourism Sector, by establishing and operationalize a Single Lic [ ... ]

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ZAMBIA 2018 INVESTMENT ROAD MAP:Recognising the Potential Giving our Visitors a Unique African Experience.

The Government of Zambia has identified tourism, including arts and culture as one of the priority growth sectors of the national economy. The tourism sector holds the potential to be a major contributor to socioeconomic development as an important source of jobs, wealth, and competitiveness, particularly in the country’s rural areas and holds major linkages to various other sectors of the economy. As an industry, tourism in Zambia offers large opportunities for a return on investment in infrastructure development, hotel management, tour operations and the meetings, incentives and conferences and exhibitions (MICE) sub-sectors. Zambia’s key assets include pristine and largely untouched national parks and game management areas, home to a great diversity of flora and fauna. Zambia stands out as one of the prime tourism destinations in Africa offering a wealth of natural tourism assets – waterfalls, lakes and rivers holding close to 35% of Southern Africa’s total natural water resources, wildlife protected areas’ occupying about 10% of the country’s total land area, and a sub-tropical climate – a passport to sunshine almost throughout the year.

Zambia is home of the Victoria Falls, one of the Seven Natural Wonders of the World and UNESCO site. In addition, Zambia is endowed with a rich and diverse culture resulting in the occurrence of more than 30 colourful traditional ceremonies annually. The total contribution of the tourism sector to GDP was K15.2bn ($1.4bn), 7.0% of GDP in 2016, and was predicted to rise by 4.4% in 2017, further increasing to K27.9bn ($2.6bn), 7.0% of GDP in 2027, The total investment recorded in the tourism sector in 2016 reached K1.3bn, 1.7% of total investment ($0.1bn).  It should rise by 7.9% in 2017, and rise by 3.9% pa over the next ten years to K2.1bn ($0.2bn) in 2027, 1.5% of total. For more information, please download the full pdf of the 2018 investment roadmap document on the link below.

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