Business Under President Sata – Sep 25,2011

Doing business in Zambia after the 2011 election. We discuss, what changes we expect to see for business under the new government of President Michael Sata. “Zambias Kwacha fell 2.8 percent to a 14-month-low of K5,145 against the dollar after Satas victory and traders said it would remain vulnerable until he gave clearer indications on his future policies…Sata, the leader of the Patriotic Front (PF), told Reuters last week he would maintain strong commercial and diplomatic ties with China and would not introduce a minerals windfall tax, but implied he might impose some form of capital controls to keep dollars in the country.Chinese companies have become major players in Zambias economy with total investments by the end of 2010 topping $2 billion, according to data from the Chinese embassy.”