Zambia

The Republic of Zambia is a representative multiparty democracy located in Southern Africa with a president as the head of state. The capital city is Lusaka, and the country is divided into ten provinces and has over 116 districts. Zambia’s official language is English, and its currency is the kwacha (ZMW).

Mining is Zambia's most significant industry, driven mostly by copper mining and processing. Agriculture and tourism are other important sectors.

The Zambian economy recovered in 2021, with gross domestic product (GDP) increasing by 4.6%, following a 2.8% drop during the pandemic in 2020. Its rebound was spurred by strong copper prices, post-election market optimism, and agricultural revival. In the first half of 2022, economic activity remained robust. In the second quarter of 2022, GDP increased by 2.4% year-on-year, aided by a rebound in services that offset reductions in agriculture, mining, and industry. The government anticipates 3.7% economic growth in 2023, supported by a resurgence in mining exports and significant private investment.

Zambia is a member of a number of international organisations, including the United Nations (UN), the African Union, the South African Development Community (SADC), the Common Market for Eastern and Southern Africa (COMESA), and the Commonwealth of Nations.

PwC Zambia has over 180 professional staff working in the assurance, advisory, and tax lines of service. The tax practice offers a full range of tax services covering all Zambian taxes, with particular focus on inbound investment, including in the mining, banking, consumer and industrial products, and services sectors.