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Zambia is one of the dynamic growth poles of Southern Africa, thanks to important progress in recent years in strengthening its policy framework for investment. It boasted GDP of 5.9% per annum between 2004 and 2010, while exports expanded ten-fold and Foreign Direct Investment (FDI) increased eight-fold.
The economy has been relatively resilient in the recent global downturn, benefiting from appropriate policies, good harvests and a buoyant demand for copper. While extractive industries attract the bulk of investment, the services sector, especially banking, tourism, and agriculture, has also catalyzed significant volumes of FDI. Today, Zambia is recognised as one of the most open African economies to foreign equity ownership.