The vast potential in the tourism sector in Zambia, with its natural beauty (including the Victoria Falls, which is one of the most renowned beautiful transcendental Seven Natural Wonders of the World) and the wealth of wildlife have yet to be fully exploited. Zambia has 19 national parks and 34 game management areas with a total of 65,000 km2 set aside for wildlife conservation.
The relatively underdeveloped infrastructures as well as inadequate supply of competitive accommodation are some of the areas that offer great potential to investors.
Government’s focus – to promote the sector through development of essential infrastructure.
Top of the list – promoting the development of:
- Kasaba Bay (Northern Circuit) and
- Livingstone Tourism Zone
- Northern Circuit (Kasaba Bay)
Government, through the Ministry of Tourism, Environment and Natural Resources aims to spearhead the development and establishment of a world class conference center and hotel facilities in Livingstone. Zambia does not have large scale conferencing facilities that can hold 10,000+ theatre style sitting participants. A 30 hectare site overlooking the Victoria Falls and Zambezi River has already been identified for this purpose. The proposal is to setup a Special Purpose Vehicle which will do a private placement of shares and be listed on the Lusaka Stock Exchange to be the vehicle that implements the project. The SPV will also spearhead the development of three-star and budget hotels in the provincial centers of Zambia which currently lack decent hotel accommodation.