sa map Population: 50.5 million
Area: 1.22 million sq km (470,693 sq miles). Economic sea zone is vast
GDP: (2011) $360 billion.
Real growth rate (2012): 3.1%.
Per capita income (2011): $3,830 approx.
Avg. inflation rate (2011 est.): 5%.
Ethnic groups: black African 79%, white 9.6%, colored 8.9%, Indian/Asian 2.5%
Religions: Christianity, Islam, indigenous beliefs, Hinduism
Languages: English, Afrikaans, isiXhosa, IsiZulu, Tshivenda, Sepedi, Setswana, IsiNdebele, Xitsonga, Siswati, Sesotho.
Currency: US$1.00 = R8.00 South African Rand

Southern Africa is becoming a more important trading location for American companies. It is one of the best intermediate sized markets for American firms to investigate. South Africa’s GDP is ~$360 billion, in Purchasing Power Parity measurements about double that. South Africa has a stable democracy, well managed economy, an educated workforce, and a highly developed infrastructure. English is the language of business and popular entertainment. South Africa and most neighboring countries have a good transparency rating, and legal and administrative environments similar to the USA. These factors allow businesspeople to transact deals with a minimum of cultural and administrative hurdles. Similar situations exist in Botswana, Namibia, Swaziland, Mauritius and other fast developing countries in the region.

South Africa has continued to grow while other “developed” economies are mired in recession. Expectations for economic growth range around 3% for 2013. Business and consumer confidence are stable. The currency, the rand, is relatively strong versus the US dollar in purchasing parity terms. This has many benefits as capital equipment may be in demand as orders from other emerging markets continue to boost sales.

Inflation is coming down, government spending is well managed. The economic outlook for South Africa and the region as a whole is excellent. There are issues which South Africa is coming to terms with: the historical legacy of apartheid, HIV/AIDS, educational disparities, and high crime. Critical issues are being dealt with and managed. South Africa has elements that define it as both a developing and developed market – a factor which benefits American companies coming into the market. The region is a fast adopter of high tech imports. New and innovative products and a low USD allow US companies to compete favorably with domestic and international competition.

South Africa is a resource rich country. It has almost 80% of the world’s platinum reserves and about half of the world’s known gold reserves. Aluminium, vanadium, iron and steel are also important mineral related industries. Agriculture has always been important and South Africa is a net food exporter and member of the Cairns Group of agricultural producing countries. Manufacturing has grown to the point where automotive parts and assembly are now nearly 8% of the total economy. Although a high currency mitigates against labor-intensive exports, high value added export sectors such as chemicals, instrumentation, aerospace and aviation as well as consulting services are all doing well. South Africa’s overall economy is 70% service related; a statistic that is similar to the USA.

South Africa is a member of the Southern Africa Customs Union and the Southern Africa Development Community. It has free trade agreements with the EU and is working toward several bilateral agreements at present.

Best Export Prospects (but not limited to) Automotive parts and line technology
Agricultural equipment and processing machinery
Chemical industry; Construction equipment
Consumer/household/sporting goods
Engineering and consultancy services in construction, waste management, industrial and processing equipment machinery
Medical equipment; Mining equipment,Power generation and supply
sa map Population: 2 million
Area: 581,730 sq km (224,607 sq miles).
GDP: (2011) $17.57 billion.
Real growth rate (2011): 4.6%.
GDP Per capita (2011): $4,350 approx.
Avg. inflation rate (2011 est.): 8.5%.
Ethnic groups: Tswana (79%), Kalanga (11%), Basarwa (3%), other (7%)
Religions: Christianity, Islam, Hinduism, Baha’i
Languages: English (official), Setswana
Currency: US$1.00 = 7.50 Botswana Pula

It is the world’s largest diamond producer by value. It holds 25% of the world’s coal reserves. It is the longest continuous democracy in Africa and one of the fastest growing economies on the continent. This is Africa’s diamond in the rough: Botswana.

Botswana is a resource rich country, with vast supplies of diamonds, copper, nickel, coal, soda ash, salt and uranium. Botswana’s impressive economic growth record and development can be attributed to the well-managed diamond production. An illustration of how far Botswana has come since 1966, the year it gained independence from the United Kingdom, is that the GDP per capita in 1966 was estimated to be USD70. Today, it stands at about UDS 4,350.

In addition to the diamond production, Botswana’s economy strongly leans on tourism and beef exports.

The Botswana government has realized that in order to keep the economic growth strong and stable, it is necessary to diversify. They have thus been very supportive of growth of the private sector, of trade and investment. It is one of the most transparent countries in Africa. This has created a very business friendly environment.

Sectors which the government and trade agencies want to develop are mineral mining, tourism (in addition to the wildlife, explore tourism in the areas of eco-tourism and culture), agriculture, garments and textiles, leather manufacturing, glass manufacturing (Botswana has a lot of silica, quartz, limestone and soda ash) and jewellery making.

Another area which is experiencing growth is energy. Botswana has a quarter of the world’s coal reserves that it can use in coal to hydrocarbon conversion. It is also well suited for development in the solar energy segment due to its climate and geography. Projects are already underway to construct solar power stations and there is a lot of potential for more business and investment in energy.

For US companies, this stable and growing market has much to offer, but there may be greater strategic benefits. Botswana has duty free access to markets in Southern Africa (250 million people) through its membership in the Southern African Development Community and the Southern African Customs Union. It also has duty free access to the US market, through the Africa Growth and Opportunities Act, and the EU market. This access coupled with its central position in the region and good infrastructure, make Botswana’s strategic business potential even greater.

A number of international companies already operate in Botswana such as Barclays, Engen, KPMG and de Beers. De Beers has recently moved its operations from London to Gaborone (the capital of Botswana) which is expected to turn Botswana into an international diamond centre.

US businesses will find Botswana to be a very friendly place and open to business. Additionally, all business people speak English, avoiding the hazard of being lost in translation.

US citizens can enter and stay in Botswana for up to 90 days without a visa.

Best Export Prospects (but not limited to) Mining equipment Foodstuffs Machinery Electrical goods Transport equipment Paper and paper products Fuel and petroleum products Metal and metal products
sa map Population : 18.9 million
Area : 1.25m sq km (481,354 sq miles)
GDP : $100.9 billion (2011)
Real growth rate : 3.4% (2011)
GDP per capita : (2011) $1,377 approx.
Avg. inflation rate : 13.5% (2011)
Capital City : Luanda
Ethnic groups : The main groups are Ovimbundu, Mbundu, Bakongo, Lunda-Tchokwe and Ngangela. There is also a small mestico community.
Religions : Christianity, (of which largest Roman Catholic), indigenous African, and a small Muslim community.
Languages : Portuguese (official) and local African languages.
Currency : US$1= 100 Kwanza (Kz)

The Angolan economy has been the third largest in Africa since 2005 in GDP terms, but is highly dependent on oil, which accounts for 60% of GDP, 80% of government revenue and 94% of export value. Mining also plays a large part in the Angolan economy. The mining sector has only explored 40% of the country’s estimated diamond resources, suggesting that future growth in the industry is inevitable. As Africa’s second-largest diamond producer at 8 million carats in 2009, the former Portuguese colony is considered a vital link in the global diamond industry and trade. Other natural resources in Angola include iron ore, manganese, copper, phosphates and granite.

Furthermore, Angola is endowed with large expanses of prime agricultural land. Subsistence agriculture provides the main livelihood for most of the people, but half of the country’s food is still imported. A postwar reconstruction boom and resettlement of displaced persons has led to high rates of growth in agriculture and construction as well. In 2000, Angola began tentative economic reforms. It has since made significant progress in achieving macro-economic stability.

Angola has so much to offer U.S. companies. The country is experiencing an unprecedented economic boom. In May 2008, the Organization of Petroleum Exporting countries (OPEC) confirmed Angola's oil production at 1.9 million barrels per day. The growth in this industry has had substantial spill-over effects, spurring investment in the financial services, construction, and agriculture sectors. According to the International Monetary Fund (IMF), Angola's GDP grew by over 20% in 2007 making it Africa's fastest growing economy and the fourth fastest in the world. New businesses are registering every day, fostered by an environment of peace and stability in the country and a new private investment law that has expanded incentives for investors. Although a majority of U.S. companies remain focused on the oil and gas sector, non-oil sectors have also seen an increased presence of U.S. companies.

Several global companies already operate in Angola. Coca-Cola operations continue to expand throughout the country; Barloworld markets Caterpillar machinery; the Boeing company completed a major sale of aircrafts to TAAG, the national airline; Microsoft is represented and many other U.S. products and services are now found in Angola. As the fourth fastest growing economy in the world, without a doubt, the time to invest in Angola is now!

Angola is a member of the Southern African Development Community (SADC), Economic Community of Central African States (CEEAC), Gulf of Guinea Commission and Organization of Petroleum Exporting Countries (OPEC).

Angolan people are friendly and vivacious. They are hard working and look forward to foreign investments. Angolans are very welcoming to Americans.

A passport and visa are required and must be obtained by U.S. citizens/ business travelers in advance of travel. An International Certificate of Vaccination is also required. Angola does not issue airport visas.

Best Export Prospects (but not limited to): Agricultural products Petroleum Mining and gas Construction and manufacturing machinery/ equipment
sa map Population: 15.3 million
Area: 118,484 sq km (45,747 sq miles).
GDP: (2011) $13.77 billion.
Real growth rate (2011 est.): 4.6%.
GDP per capita (2011): $900 approx.
Avg. inflation rate (2011 est.): 7.5%.
Ethnic groups: Chewa 32.6%, Lomwe 17.6%, Yao 13.5%, Ngoni 11.5%, Tumbuka 8.8%, Nyanja 5.8%, Sena 3.6%, Tonga 2.1%, Ngonde 1%, other 3.5%
Religions: Christian, Muslim.
Languages: Chichewa (official) 57.2%, and English.
Currency: US$1.00 = 270.14 Malawi Kwacha

Malawi is one of the most progressive democracies in Africa and has a female president: Joyce Hilda Banda. The president and government have been active in changing the policy environment. These changes have been welcomed by the private sector.

Malawi is a country rich in natural resources such as limestone, deposits of uranium, coal, and bauxite.

The economy of Malawi is greatly dependent on agriculture, which forms about 90% of the country’s export revenues. The main exports coming out of Malawi are tobacco, tea, sugar and cotton. Malawi also has the highest production of burley leaf tobacco, a low grade, high nicotine tobacco.

Malawi’s capacity to grow high quality and large volumes of main raw materials used and required in highly labour intensive industries remains untapped.

The following industries have potential for further development and growth: Cotton farming, cotton processing, yarn spinning, textile manufacturing, garment manufacturing, packing materials manufacturing, agro processing and packing, handloom products, basket weaving, handmade curios and furniture, cane products, leather products, oil seed processing, oil cakes and production of auxiliaries supporting industries.

Malawi’s fertile land, fresh water and labour force is major strength followed by untapped minerals which requires foreign investments and expertise. Given required support above sector once fully established will create direct employment for over one million people mostly primary and secondary school leavers. Positive impact will be foreign exchange earnings. Banks, insurances, wholesale retail sector, service sector, transport, travel will benefit.

As developed countries are focusing on high technology industries and businesses, there is an opportunity for developing countries, such as Malawi, to supply primary goods: food items, clothing, textiles and raw minerals; thus aiding Malaiw’s growth and development through exports.

The government has exhibited improved financial discipline under the guidance of its Finance Ministry. The government has announced infrastructure projects that could yield improvements, such as a new oil pipeline for better fuel access, and the potential for a waterway link through Mozambican rivers to the ocean for better transportation options.

Malawi is a member of the following trade protocols: African Growth Opportunity Act, African Caribbean Pacific/European Union, South African Development Community, Common Market for Eastern and Southern Africa, including fair trade regimes with EU and Indian sub continent.

EU is Malawi’s largest trade partner for exports and second largest for imports. Primary products currently dominating Malawi’s exports to the EU include food stuff, such as fish and raw materials. Other big trading partners are US, South Africa, Germany, Japan, Zimbabwe and UK.

Malawi is known as “The Warm Heart of Africa” because the locals are friendly, courteous and hospitable. Most local business people speak English.

American business travelers do not require visas to enter Malawi.

Best Export Prospects (but not limited to): Food; Consumer Goods Petroleum and petroleum products Transportation equipment; Semi-manufactured goods
sa map Population: 1.3 million
Area: 1,865 km2 (701 m2). Economic sea zone is vast
GDP: (2009) $9.427 billion.
Real growth rate (2010 est.): 3.6%.
Per capita income (2010): $13,500 approx.
Avg. inflation rate (2010 est.): 2.9%.
Ethnic groups: Indian-68%, Creoles-27%, Chinese-3%, European-2%.
Religions: Hindu, Christian, Muslim.
Languages: English (official), Creole , French, Hindi, Urdu, Hakka, Bhojpuri.
Currency: US$1.00 = 27.5 Mauritian rupees

Mauritius is an island country off the coast of southern Africa that has developed a grand strategy of bi-lateral agreements that will soon allow it duty-free access to 2.5 billion people. This includes the European Union, Africa (COMESA and SADC), the Indian Ocean (Indian Ocean Commission) and the United States under the Africa Growth and Opportunity Act. They are currently working on a Comprehensive Economic Plan with India. A free trade agreement with Pakistan was signed in 2007., Conceptual talks with China and Australia-New Zealand and Turkey are also in the pipeline. Agreements with those governments may be coming within a couple of years. Mauritius wants to act as a complement/competitor to Dubai and Singapore but with a very different overall appeal as a tropical tourist destination.

Recent reforms have also eliminated much bureaucracy, opened up the market to foreign trade, ownership of land and even residential requirements. Historic economic growth was built on the sugar and textile/apparel markets which are in overall decline. Tourism has created about 20% of jobs on the island as it is a popular destination for Europeans. More recently, the country has focused on information technology, consulting, offshore banking and the creation of free trade zones for growth. It is also a hub for seafood beneficiation. Tariffs on luxuries will soon be abolished in order to become a “duty-free island” for visitors. Tariffs have been lowered generally. Flat taxes on corporate and personal income at 15% have been introduced. Manufacturing companies have a flat tax of 15%.

Mauritius is the largest foreign investor in the Indian economy, ahead of the USA. The tax advantages of working through Mauritius to get into the Indian market make it a natural vehicle for investors wishing to maximize profit. Mauritian entities have tax benefits in India that even Indian firms do not have.

For US companies, this small market has much to offer, but there may be greater strategic benefits. Partnering for regional outcomes in reaching much larger markets that are difficult to penetrate directly may be possible. The US is underrepresented in India relative to European competitors, even with export trade doubling to that market over the past five years (now $8 billion). Mauritian companies provide a sincere partnering option to enter India and other difficult markets because of their strong market knowledge, cultural understanding of both the “West” and “East” and trade and taxation treaty system. Positioning in the future relating to the negotiations for a free trade agreement may allow, with value added in Mauritius depending on rules of origin and meeting treaty requirements, products entering duty-free into India. Whereas, directly exporting often results in extremely high tariffs payable by the importer. This makes US products more marketable in a price sensitive environment.

The culture can be described as very friendly, polite and welcoming to Americans All local business people are at least bilingual in English and French. Many speak three, four or more languages linked to regional markets (Hindi, Tamil, Arabic). At independence from Britain in 1968, it was among the poorest in the world. It is now the wealthiest in the region. This development is due to the hard working nature of the population, the value for education and strategic outlook towards development.

American business travelers do not require visas. The tap water is safe to drink and no special medical preparations are required.

Best Export Prospects (but not limited to) Chemicals for further beneficiation Consumer/Commercial items in tourism trade Energy generation – wind, tide, bio-alternatives Information Technology/Telecommunication Manufacturing equipment/machinery Port/logistics engineering and equipment
mo map Population: 23.5 million
Area: 812,379 sq km (313,661 sq miles)
GDP: (2011 est.): $24.19 billion
Real growth rate (2011 est.): 7.5%.
Per capita income (2011): $401.6
Avg. inflation rate (2010 est.): 7.2%.
Ethnic groups: African 99.66% (Shangaan, Makhuwa, Tsonga, Lomwe, Sena, and others), Europeans 0.06%, Euro-Africans 0.2%, Indians 0.08%
Religions: Hindu, Christian, Muslim.
Languages: Portuguese (official), Lomwe, Tsonga, Emakhuwa, Sena and others.
Currency: US$1.00 = 28.5 Meticais

Mozambique is an untapped market located off the coast of Southeastern Africa full of potential for economic development. It is rich in mineral and agricultural resources. Mozambique is a flower that’s about to blossom.

In Mozambique, agriculture is the mainstay of the economy and the country has a great potential for growth in the sector. Agriculture employs more than 80 percent of the labour force and provides livelihoods to the vast majority of over 23 million inhabitants. Agriculture contributed 31.5 percent of the GDP in 2009, while commerce and services accounted for 44.9 percent. The main agricultural exports are timber, copra, cashew nuts, citrus, cotton, coconuts, tea and tobacco.

In addition to agriculture, the fishing industry plays a vital role in Mozambique’s economic development. This is due to Mozambique’s 2,500km coastline. Mozambique’s seafood is very diverse – different types of fish, prawns, shrimp, lobster, and calamari. Mozambique works alongside numerous international fishing companies from countries such as Spain. A large amount of the fish caught by these ships are shipped out of Mozambique and sent to other countries.

Energy is a massive and important sector that is growing in Mozambique. Mozambique has abundant reserves of cheap energy – coal reserves, hydroelectric capacity and natural gas reserves. Currently, there is a hydroelectric generation station called Cahora Bassa situated in the Tete Province. All of Cahora Bassa’s capacity, except for Mozambique’s entitlement of around 300MW, is committed to supplying South Africa, Zimbabwe and Malawi. On the Zambezi River there are plans to construct another hydropower unit on the northern

side of Cahora Bassa with a capacity of 850MW. There are also plans to install another hydropower plant about 100km from Cahora Bassa known as the Mpandha Nkuwa Hydro Scheme, with a capacity of 1,300MW in the first phase and 2,400–2,600MW in the second phase.

Tourism is one of Mozambique’s largest sectors; its geographic location combined with its tropical climate, warm waters makes it an ideal location for a beautiful vacation. One of the country’s biggest tourist attractions are its beautiful beaches which is filled with a diverse range of marine life. Parallel to the coast, are isolated or groups of islands, some of which provide the tourist with good conditions in terms of lodging and the opportunity to observe the very varied vegetation and fascinating wildlife. This sector has been growing steadily in recent years given the major potential that the country has and the public investments made in terms of infrastructures and means allowing access to previous inaccessible locations. The country offers unique investment opportunities in national parks and reserves, the possibility of investment in private game farms in the interior of the country, benefiting from fauna and flora, combined with beach tourism, and on islands and archipelagos. The historic and cultural tourism, and business tourism has been growing in recent years representing a very viable option in many regions of the country. Its growing tourism industry also creates opportunities for the construction hotels. Mozambique has more business potential than many African countries. The country’s water resources are relatively plentiful, and the country is traversed by a number of perennial rivers, including the Zambesi, Limpopo, Save, Pubgue, Lurio and Rovuma. With regards to mineral resources Mozambique has coal, titanium, natural gas, gold, gemstones, titanium, and bauxite. These are currently unexploited, but foreign companies are showing a growing interest in them. The culture can be described as very friendly, polite and welcoming to Americans Most local business people are at least bilingual – speaking Portuguese and English.

Best Export Prospects (but not limited to) Agriculture Fishery Mining Construction Energy generation – hydroelectric Tourism Food industry
na map Population: 2.3 million
Area: 824,292 sq km (318,261 sq miles). Economic sea zone is vast
GDP: (2011) $12.46 billion.
Real growth rate (2011): 3.6%.
GDP Per capita (2011): $2,750 approx.
Avg. inflation rate (2011 est.): 5%.
Ethnic groups: black African (87.5%), white (6%), mixed (6.5%)
Religions: Christianity, Indigenous beliefs
Languages: English (official), Afrikaans, German, Setswana, Rukwangali, Silozi, Herero, Damara, Oshiwambo.
Currency: US$1.00 = 8.00 Namibian dollar (pegged to the South African Rand)

Namibia is known as the land of wide open spaces. Some people attribute this name to the fact that Namibia has a low population density. From a business perspective, these spaces symbolize opportunities and the country’s openness to trade.

Namibia is a large importer of foodstuffs, petroleum products and fuel, machinery and equipment and chemicals. It has strong and efficient institutions and business culture, making doing business in Namibia a stress free experience.

The Namibian economy is driven by the mining sector. It is a resource rich country and a large segment of its exports is composed of the mined commodities, such as diamonds, uranium, zinc and copper.

Other important sectors are agriculture, which 70% of Namibians derive a living from, manufacturing, which contributes 37% to the GDP, and construction.

Tourism is a vibrant and growing sector in the economy, and also the strongest one. Namibia has diverse and unspoilt land and sights, is relatively safe, and has sophisticated physical and telecommunications infrastructure, providing excellent tourist destinations. Regional tourism is proving to be a fast growing component of the industry.

Another area where Namibia has a high potential for growth and development is wind and solar energy. It is keen to develop them and needs the capital, skills, know-how and equipment to do so.

Namibia is not the biggest market in terms of numbers, having an extremely low population density. But it hasn’t let this fact decrease its appeal for business. Namibia’s location, extremely well developed and integrated infrastructure and advanced financial services sector make it the preferable point of entry into the region’s markets. This preference is enhanced by the efficiency, fast transit time and time-saving of importing goods through the Ports of Walvis Bay and Ludertiz. Well-kept roads link Namibia to Angola, Zambia, Zimbabwe, Botswana and South Africa (Gauteng – the heart of South Africa’s economy and industry).

Namibia also has duty free market access to Southern African countries (250 million people) through its membership of the Southern African Development Community (composed of 15 members – Africa’s largest trade and co-operation pact) and the Southern African Customs Union (5 members and the oldest customs union in the world). Namibia is also a member of the Common Monetary Area and the Namibian dollar is pegged to the South African Rand. It is also has duty free access to the EU market through the Cotonou Agreement, and the US market, through the Africa Growth and Opportunity Act.

The people of Namibia are generally friendly, speak English and are accommodating to foreigners and business people.

U.S. can enter and stay in Namibia for up to 90 days without a visa.

Best Export Prospects (but not limited to) Tourism; Agriculture Energy – hydroelectricity, wind energy Automotive manufacturing Chemicals; Machinery and equipment
ta map Population: 42.5 million
Area: 945,000 sq km (365,000 sq miles) Economic sea zone is vast
GDP: (2011) $23.3bn
Real growth rate: (2012) 7%
GDP Per capita (2011): $473 approx.
Avg. inflation rate (2011): 12.7%.
Ethnic groups: About 120 ethnic groups
Religions: Christianity (35%), Islam (35%) and traditional beliefs (around 30%).
Languages: Kiswahili (official), English (official, primary language of commerce, administration, and higher education), Arabic (widely spoken in Zanzibar), many local languages
Currency: US$1.00=1570 Tanzania shilling

Tanzania is one of the best economic performers in sub-Saharan Africa. Tanzania’s economy is growing rapidly and has much to offer U.S. companies. Being strategically located along trade corridors that link its three Indian Ocean ports to five landlocked countries, Tanzania has the potential to become a thriving middle income nation and a regional trading hub. The nation’s economy has been resilient to shocks and is expected to remain buoyant with a GDP growth forecast of 7.1% in 2013, well above the regional averages.

Exports, which received a boost during the global crisis as demand for gold in world markets continued to rise, are expected to perform well with growth forecast at 9.7% in 2013. Tanzania’s imports were worth 951 Million USD in April of 2011. Tanzania imports mostly transport equipment, machinery, constructions materials, oil, fertilizers, industrial raw materials and consumer goods

Tanzania’s Major economic sectors are agriculture, financial and business services, trade and tourism, manufacturing, mining, oil and gas exploration. Tanzania's economy relies heavily on agriculture, which accounts for nearly half of the country’s GDP.

The mining industry has experienced a boom in both mineral exploration and mining activities during the past ten years. It represents Tanzania's biggest source of economic growth, provides over 3% of GDP and accounts for half of Tanzania's exports. Political stability of the country and conducive geological environment have greatly contributed to the rapid growth of the sector. More goods and services are needed to support this fast growing sector. Capacity building is thus essential to meet the demands in the country for delivering essential services and goods such as reliable power supply, mining equipment and other consumables for the mining industry.

U.S. companies will thrive Tanzania. The country has an abundance of natural wealth which offers tremendous investment opportunities to investors. Other benefits of investing in this country include an excellent geographical location, excellent tourist attractions, a sizeable domestic and sub-regional market, inexpensive labour, political stability and a suitable market policy orientation. Investments in Tanzania are also guaranteed against nationalisation and expropriation.

Tanzania is member of various international groupings/organisations such as East Africa Community (EAC) Southern African, Development Community (SADC), Commonwealth, World Trade Organisation, African Union (AU) and the United Nations (UN).

Tanzanians are known for their kindness and hospitality. They are very polite, soft-spoken and welcoming to Americans.

A passport and visa are required for travel to Tanzania. U.S. citizens/ business travelers with valid passports may obtain a visa either before arriving in Tanzania or at any port of entry.

Best Export Prospects (but not limited to) Agriculture including livestock, Mining, Commercial Buildings, Manufacturing, Tourism and Tour operation, Energy generation.
za map Population: 13.2 million
Area: 752,614 sq km (290,586 sq miles).
GDP: (2011) $16.19 billion.
Real growth rate (2012 est.): 6.9%.
GDP per capita (2011): $1,600 approx.
Avg. inflation rate (2012 est.): 6%.
Ethnic groups: African 99.5%, other 0.5%
Religions: Christian, Muslim, Hindu.
Languages: English (official), Nyanja (official), Bemba, Kaounde, Tonga, Lunda, Luvale.
Currency: US$1.00 = 4,500 Zambian Kwacha

Zambia is located strategically at the center of one of the economically fastest growing regions in the world and is one of the main drivers of that economic growth. It is the new African trade hub – an image and role it plans to maintain and expand upon.

Zambia is politically stable and the government has been active in supporting growth in the private sector and increasing trade and investment through pro-trade policies, legislation and trade related infrastructure development. This has translated into an open and engaging business community, ready to do business with the region and the rest of the world.

Zambia has access to duty free markets in Southern and Eastern Africa through its membership in the Southern African Development Community (SADC - trade group including the 15 countries in the southern cone of Africa) and the Common Market for Eastern and Southern Africa (COMESA). Zambia also has duty free access to the US market under the Africa Growth and Opportunity Act (AGOA) and to the EU market through the Economic Partnership Agreement (EPA).

The Zambian economy has traditionally been dominated by the mining industry, placing it at the forefront of mining investment. However, the economy has been diversifying, making it less vulnerable to demand and price fluctuations of its main exports: copper and agricultural products. Now mining, agriculture, telecoms, tourism and energy are important and growing industries.

The agricultural industry has been the main drive for diversification away from mining. It employs approximately half of the work force and represented just over 18% of the GDP in 2010. More growth is expected in this sector, as Zambia still has a large portion of uncultivated arable land and is believed to hold 45% of the freshwater resources in Southern Africa.

Energy is another exciting sector which is growing. Zambia produces hydroelectricity and is the largest producer in the Southern African Power Pool. It plans to increase its capacity in order to meet the growth in demand at home and in the region.

For US companies, this robust and growing market has much to offer, but there may be greater strategic benefits. Partnering for regional outcomes in reaching much larger markets that are difficult to penetrate directly may be possible. Even though Zambia suffers high costs of import and export due to lack of a coastline, the central location of Zambia in the Southern Region of Africa makes it a good hub for distribution and transmission of goods and products.

A number of multinationals already operate in Zambia, such as Coca Cola, IBM, GE, Barclays, etc, and they have set 10-20 year plans as they predict sustainable growth in Zambia.

The people of Zambia can be described as very friendly, soft-spoken, polite and welcoming to Americans. Most local business people speak English.

American business travelers require visas. Business visas can be obtained at the port of entry.

Best Export Prospects (but not limited to) Agriculture, Mining, Construction Energy generation – hydroelectric Water Tourism Telecommunications Food industry

PAMEX 2013

The Pennsylvania Mining Export (PAMEX) is an initiative that provides assistance to Pennsylvania (PA) companies to successfully penetrate the Southern African market.

Click here to find out more.