Business

The Registrar of Companies is responsible for business registrations in Zambia. He/she issues certificates of compliance for foreign companies, certificates of incorporation for local companies and certificates of registration for sole proprietorship and partnerships.
Foreign investors are allowed to incorporate a sole director company and register a fully owned local company without having any Zambian shareholders (The Companies Act, 2017).
Investors commonly register their local firm as a limited liability company.

President Hakainde Hichilema assured the investor community that all creditors will be paid via Twitter after Zambia's dollar bonds slightly experienced a sell off when word went round that Zambia’s debt burden is bigger than previously thought. President Hichilema disclosed the fact that the UPND Alliance had inherited an "empty treasury" from the Patriotic Front (PF) government which is why a serious series of intensive audit will be carried in order to know how deep the hole is.