Business Incentives and Environment

Business Incentives and Environment

The Zambian Government has designed a package of incentives aimed at specifically establishing a suitable environment for increased domestic industrial growth, export promotion, the development of market oriented production management and private sector development. The specific investment incentives can be obtained from the Zambia Development Agency (www.zda.org.zm).

Major Banks

Major banks facilitating commercial activities in Zambia include Standard Chartered Bank, Barclays Bank, Stanbic, Zambia National Commercial Bank, Citibank, and Finance Bank. Others are Cavmont Merchant Bank, Investrust Merchant Bank, Bank of China, First Alliance Bank, First National Bank, Eco Bank, Access Bank, Indo-Zambia Bank and United Bank of Africa.

Lusaka Stock Exchange

The Lusaka Stock Exchange (LuSE) has a number of companies listed, which has been playing a key role in fostering economic growth in Zambia in recent years. LuSE was established as part of the economic transformation of Zambian government’s economic reform programme to develop the financial and capital market in order to support the private sector. It is based on the most current international standards and practices. In order to ensure investor confidence, the rules and listings on the LuSE are backed by relevant legislation under the Securities Act which regulates the Zambia Securities market.

Several incentives are offered to investors by LuSE in order to promote rapid development of the capital market in Zambia. The unified market on LuSE consists of both bonds and equities. The Bond markets comprise both government and corporate bonds.

His Excellency Dr. Joseph KATEMA
Ambassador

As Head of Mission, the Ambassador’s general role is to manage and facilitate the interpretation of Zambia’s Foreign Policy by establishing and maintaining strong relations with Italy and countries of extra accreditation. The Ambassador’s role also extends to ensuring smooth and seamless interactions with the multilateral institutions under his charge by promoting, protecting and enhancing Zambia’s […]

Counsellor (Administration) and Head of Consular Affairs

As Counselor responsible for Administration, the main role of the office is to manage the provision of administrative and logistical support services in order to facilitate the smooth operations of the Mission including the coordination of the issuance of press releases, publications and information and promptly responding to queries on various matters relating to the […]

Mr. Silumelume MUBUKWANU – Counsellor Economic

As Counsellor responsible for economic affairs, the office is responsible for carrying out research in order to provide information for use in policy formulation and decision making by the home Government. The Office is specifically responsible for the following: Analysis of economic data in order to establish developmental trends in International Organizations and the countries […]

Col. Maybin Mwape – Defence Attaché

As Defence Attaché, the office bearer is responsible for advancing Zambia’s defence and security interests in the countries of accreditation. The office is responsible for: Bilateral defence relations with countries of accreditation; Spearheading emergency preparedness and response during crises; Advising the Ambassador on all defence and security matters; Observing conditions in the countries of accreditation […]

VACANT – First Secretary Political&Admin.

As First Secretary Political and Administration, the office is responsible for monitoring, evaluating and advising on political developments in country of accreditation in order to facilitate informed decision making on Zambia’s Foreign Policy. The Office also supports Counselor Administration on all administrative matters. Specifically, the First Secretary Political and Administration is responsible for the following: […]

Dr. Kayoya Masuhwa – First Secretary (Agriculture)

The Office of First Secretary Agriculture is responsible for ensuring seamless interaction and engagement with the agricultural institutions and stakeholders in Italy and countries of extra accreditation. The Office also takes care of all agricultural matters related to the Rome based United Nations agencies namely FAO, IFAD and WFP. Specific duties of this office include: […]

Mr. Glyne N. Michelo – First Secretary (Economic&Trade)

As First Secretary Economic &Trade the aim of the Office is to carry out trade and investment promotion activities in the country of accreditation in order to promote increased trade and investment in Zambia. The Office also supports the Counsellor Economic to conduct research in order to provide information for use in policy formulation and […]

Mrs. Manako C. Siakakole – First Secretary (Multilateral)

The Office of First Secretary Multilateral is responsible for ensuring effective and beneficial interaction with the multilateral institutions under the charge of the Zambian Mission in Rome. The Multilateral institutions located in Rome are the Food and Agriculture Organization (FAO), the World Food Program (WFP) and the International Fund for Agriculture Development (IFAD).

Mrs. Suzyo S. Malama – Third Secretary (Accountant)

The Office of the Third Secretary Accounts is responsible for carrying out all financial and accounting duties in order to ensure efficient and effective utilization of resources and to ensure accountability. Specific duties include: Maintaining of all records of revenue, receipts and expenditure in order to facilitate accountability of public funds; Interpreting of financial regulations in […]

Ms. Mavis SIMFUKWE – Third Secretary (Personal Assistant to the Ambassador)

The duty of the Personal Secretary to the Ambassador is to act as a first point of contact with regards to dealing with correspondence and phone calls, managing mission diaries and organizing meetings and appointments including controlling access to the Ambassador.

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