Mineral-rich Zambia has over 750 thousand square kilometres of landmass and is home to a growing population of approximately fifteen million people. It’s currently experiencing strong economic growth - with GDP rising by 0.6% between 2014 and 2015. Steep increases in copper prices and changes to market liberalisation policies have driven investments in copper mining and opportunities in the construction of related infrastructure have helped to boost growth. Tourism-specific construction programmes are currently in progress to develop the market - with incentives in place to attract foreign investors.
Zambia is the world’s prime location for mining copper. Within the copperbelt province, ranging from Chililbombwe to Mpongwe, there are an estimated two billion tonnes awaiting extraction. In addition to copper, Zambia has extensive reserves of cobalt and the highest grade of zinc and lead in the world. It is also a prime source of gemstones; 20% of the world’s supply of emeralds can be found here and it has Africa’s largest supply of amethysts and aquamarine. These resources are largely untapped and Zambia’s mining industry has huge potential for further investment.
"Despite a closely contested election, we are reporting positive moments towards stability in the market that is inviting new developers to break ground on the development of new projects" - Michael Aldridge (CEO).
Sunbird Developments, the Company’s development finance arm, is actively seeking to break ground on its first big box retail project in Lusaka in 2017, citing growing urban agglomerations, rising demand in grade-A retail, and increased car ownership as the driving force behind the next stage of development for the country and the region’s retail evolution.