The Venture Capital & Private Equity
Country Attractiveness Index
Alexander Groh, Heinrich Liechtenstein, Karsten Lieser and Markus Biesinger

Zambia  
Rank: 95 · Score: 29.2  

Basic facts        
Population (millions) 20.0   IPOs and pulic issues (quartile) Bottom
GDP (US$ billions) 28.7   M&A volume (quartile) Bottom
GDP per capita (US$) 1,433.9   Venture capital investments (quartile) 2nd
GDP growth (per cent) 4.0   Private equity investments (quartile) Bottom
 
 
 
Performance Overview
Indicator   Rank / 125 Rank Trend Score
VC/PE Country Attractiveness Index 95 29, 29, 29, 32, 30 29.2
1 Economic Activity 85 34, 35, 27, 30, 40 65.6
2 Depth of Capital Market 92 34, 40, 40, 40, 33 13.7
3 Taxation 99 4, 3, 4, 15, 26 72.2
4 Investor Protection and Corporate Governance 91 35, 28, 22, 34, 34 51.1
5 Human and Social Environment 107 19, 19, 19, 18, 18 22.2
6 Entrepreneurial Opportunities 101 25, 27, 27, 28, 24 31.3


 
Historic performance, 2019-2023   Key driver performance, 2023
 

   
VC/PE Rank  
VC Rank  
PE Rank
Zambia  
Africa
 
 
 
Peer Group Comparison
 
Regional Peers Economic Activity Depth of Capital Market Taxation Investor Protection and
Corporate Governance
Human and Social
Environment
Entrepreneurial
Opportunites
Ivory Coast 76.7 25.7 84.3 39.0 28.4 24.4
Botswana 37.6 13.9 89.4 64.5 32.7 37.3
Uganda 72.0 17.3 65.7 48.6 23.5 26.6
Zambia 65.6 13.7 72.2 51.1 22.2 31.3
Senegal 70.4 13.4 54.4 42.7 30.4 27.0
Malawi 59.3 12.1 64.8 45.2 25.7 34.4
Algeria 69.5 8.2 87.6 48.6 29.0 40.8
Last updated: 4 Nov 2023