According to the British Chamber of Commerce in Zambia, many companies from the UK have shown interest to invest in the construction sector of Zambia.
Mr. Tim Ware, Chairman of the British Chamber of Commerce in Lusaka commented during the Chamber’s lunch meeting that house-builders and construction companies from the UK would be the next to invest in Zambia, because of the strong growth of this sector.
The Zambian construction sector witnessed 20 % growth rate in the past four years except for a slight drop to 17 % in last year, according to the Times of Zambia.
Mr. Ware also mentioned that a group from the UK has recently purchased 75 million hectares of land in Zambia, which they are developing now by adding power and irrigation.
Launched in February 2015, the British Chamber in Zambia sets out to support members in their business activities in the african country, the region and with the UK, through the provision of information, speaker and other events, networking opportunities and linkages to other members in Zambia and in British Chambers elsewhere in Africa and the world.
The British High Commission and the UK Trade and Investment (UKTI) successfully led a trade mission last year comprising of some UK firms namely British Expertise, Adam Smith International, IT Transport (ITT) Ltd, WYG, Ecorys UK Ltd, Elantra Investment Ltd, Wagtech Africa LTD, Turner and Townsend PLC, Gapuma Group, IMC Worldwide Limited, Roughton Group, Aggreko, and Campbell Reith to further explore trade and investment opportunities in Zambia.