Zambian Bond Market and Offshore Investors

African Banking Corporation (ABC) Holdings Limited chief executive officer Douglas Munatsi has commended the recent influx of offshore investors into the Zambian bond market. Munatsi attributed this to Zambia's economic and political stability over the years. This, he said, had set the country on the road to become a significant economic player in southern Africa.

Munatsi was excited: "Zambia is the most exciting economy in the region now and that is why investors like hedge funds are flocking into this country's bond market. The kwacha has defied gravity and rallied well against the major currencies and this strengthens a stronger outlook for the economy in the short term."

And ABC Zambia managing director Zandile Shaba implored the government to manage the appreciation of the local currency Kwacha to avoid the negative effect to exporters. She said that there was need to ensure that the Kwacha did not fluctuate like in the past.

The bullish Zambia is an exciting investment destination. What is more the Zambian safari sector is not yet fully developed and the government has its arms wide open. And remember that there is no exchange controls here. So jump on the bandwagon and come to see for yourself.