Franchise opportunities in Zambia
Popular franchise directions in Zambia
Attractiveness of Zambia for the development of franchise business
Zambia is a rapidly economically developing country in the center of Africa with a population of more than 17 million people. The main engines of an economy are mining, construction, and financial services. Rich natural resources made Zambia attractive for many tourists from all over the world.
Lusaka (1.74 mln), Kitwe (522,092) and Ndola (475,194), the biggest cities in the country provide good opportunities for franchise businesses. Despite some financial obstacles for developing the franchise market in the country, there is a demand for international franchise brands. Especially in fast food, restaurant, retail, clinics, and hotel sectors.
Having a look at the franchise market in Zambia, one can notice local as well as international franchises. Among the most active international players on the market are the USA, Singapore and European countries.
Nowadays there is a tendency in Zambia to develop tourism franchise businesses. Therefore, Citizens Economic Empowerment Commission has allocated some funds for the establishment of Zambian tourism franchising.
To start a franchise in Zambia an entrepreneur doesn't have to overspend, some of the franchises are quite affordable. The initial franchise fee could be even $10,000 for a small business.
There are high investment business opportunities, as well as cheap franchises in Zambia presented for review, the choice is yours.
Indicators of Business Market in Zambia
Currency: Zambian kwacha (K, ZMW)
Education Index (2013): 0.577
Official languages: English
Per capita GDP (PPP): $3,982
Quality-of-life index (0-10): out of list
Population: 16.5 mln
Total GDP (PPP): $23,137 billion
Ease of Doing Business Ranking, Rank: 85
Human Development Index (HDI): 0.588