Zambian seeks balance between encouraging investors and reducing poverty levels.
Zambia is the second largest copper producer in Africa, recently taken over by the Democratic Republic of Congo (DRC), and eighth largest producer globally. The Zambian economy naturally relies heavily on its mining industry, which employs over 13 million citizens. Over the last decade the country has achieved an average annual growth rate from 5% to 6%, which makes it one of the 10 fastest growing economies in sub-Saharan Africa. GDP growth in 2013 dropped slightly from 7.3% in 2012 to 6.5% in 2013. Although privatization initiatives and market liberalization has contributed significantly to this growth, the fourfold increase increase in copper prices from 2001 to 2011 has played a pivotal role in the flourishing of the mining industry. Continue reading
JurisTax recommends countries secure their African investments by basing in Mauritius.
Mauritius’ importance to the Australian miner is not well understood. What does Mauritius offer to Australian miners?
NK: Mauritius offers strong benefits to Australian miners that domicile themselves within the country in two forms: non-fiscal and fiscal incentives.
Four nations lead the global mining industry: Canada, the United States, Russia and China. These groups share a common profile; each commonly uses special investment vehicles to protect their investment. While Australia is inarguably a global mining center, historically the country has delayed its success in that most often Australian miners invest directly in a country, exposing themselves to an unnecessary amount of risk. Continue reading
Why India and China continue to invest into Zimbabwe.
JOHANNESBURG, SOUTH AFRICA – The Zimbabwean economy has shown impressive GDP growth figures over the last three years, averaging at 7.1% between 2009 and 2012. For the period 2012 to 2017, growth is expected to average at 4.7% as the growth in mining production stabilizes. Such positive growth rates should serves as an incentive for foreign direct investment (FDI) flows into any country and in Zimbabwe FDI increased more than eightfold between 2008 and 2012, from $51.6 million to $450 million.