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Zambia

Introduction to Zambia

The territory of Northern Rhodesia was administered by the South Africa Company from 1891 until it was taken over by the UK in 1923. During the 1920s and 1930s, advances in mining spurred development and immigration. The name was changed to Zambia upon independence in 1964. In the 1980s and 1990s, declining copper prices and a prolonged drought hurt the economy. Elections in 1991 brought an end to one-party rule, but the subsequent vote in 1996 saw blatant harassment of opposition parties. The election in 2001 was marked by administrative problems with three parties filing a legal petition challenging the election of ruling party candidate Levy MWANAWASA. The new president launched a far-reaching anti-corruption campaign in 2002, which resulted in the prosecution of former President Frederick CHILUBA and many of his supporters in late 2003. Opposition parties currently hold a majority of seats in the National Assembly.

Government

Capital:

Lusaka 

Independence:

24 October 1964 (from UK) 

National holiday:

Independence Day, 24 October (1964) 

Economy

Economy overview:

Despite progress in privatization and budgetary reform, Zambia's economic growth remains below the 5% to 7% necessary to reduce poverty significantly. Privatization of government-owned copper mines relieved the government from covering mammoth losses generated by the industry and greatly improved the chances for copper mining to return to profitability and spur economic growth. Copper output increased in 2003 and is expected to increase again in 2004, due to higher copper prices. The maize harvest doubled in 2003, helping boost GDP by 4.0%. Cooperation continues with international bodies on programs to reduce poverty, including a new lending arrangement with the IMF expected in the second quarter, 2004. A tighter monetary policy will help cut inflation, but Zambia still has a serious problem with fiscal discipline. 

GDP:

purchasing power parity - $8.596 billion (2004 est.) 

GDP - composition by sector:

agriculture: 15.3%
industry: 27.9%
services: 56.9% (2004 est.)

Agriculture products:

corn, sorghum, rice, peanuts, sunflower seed, vegetables, flowers, tobacco, cotton, sugarcane, cassava (tapioca); cattle, goats, pigs, poultry, milk, eggs, hides; coffee 

Industries:

copper mining and processing, construction, foodstuffs, beverages, chemicals, textiles, fertilizer, horticulture 

Transportation

Waterways:

2,250 km
note: includes Lake Tanganyika and the Zambezi and Luapula rivers (2003)

Pipelines:

oil 771 km (2003)

Ports and harbors:

Mpulungu

Airports:

109 (2003 est.)

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