Zambia is a land-locked country and populated by only 13 million people. The country boasts some spectacular scenery, including the Victoria Falls along the Zambezi river.
In the late 1960s, Zambia was the world's third largest producer of copper after the US and the Soviet Union but when world copper prices collapsed in 1975, it had a devastating effect on the economy. Since then, the World Bank has urged Zambia to develop other sources of revenue, including tourism and agriculture. Even so, copper still accounts for most of Zambia's foreign earnings along with minerals and tobacco.
Zambia switched from colonial government into an era of one-party rule lasting 27 years.
The current president, Rupiah Banda won a narrow victory in elections called in October 2008 after the death of President Levy Mwanawasa.
Imara In Zambia
In Zambia, Imara is a 25% shareholder in Stockbrokers Zambia ("SBZ"), a founder member of the Lusaka Stock Exchange which was first incorporated in 1993. The agreement provides a platform for mutual business development in the realms of Asset Management, Corporate Finance, Stockbroking and Research.
Imara teams are familiar with Zambia, having previously handled numerous mandates across the nation. The relationship with Stockbrokers Zambia brings Imara even closer to developments in one of the fastest growing markets in Africa.
For SBZ the alliance creates opportunities for growth alongside a strong regional partner, while facilitating client access to a much broader range of services.
Managing Director, Stockbrokers Zambia
Telephone: +260 211 232 456