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

Zambia  
Rank: 93 · Score: 31.4  

Basic facts, 2020        
Population (millions) 18.4   IPOs and pulic issues (quartile) Bottom
GDP (US$ billions) 18.1   M&A volume (quartile) Bottom
GDP per capita (US$) 983.0   Venture capital investments (quartile) 3rd
GDP growth (per cent) -4.8   Private equity investments (quartile) Bottom
 
 
 
Performance Overview
Indicator   Rank / 125 Rank Trend Score
VC/PE Country Attractiveness Index 93 38, 34, 31, 30, 32 31.4
1 Economic Activity 97 37, 39, 36, 36, 28 60.7
2 Depth of Capital Market 88 40, 39, 39, 32, 37 16.9
3 Taxation 55 32, 46, 50, 73, 70 96.1
4 Investor Protection and Corporate Governance 86 53, 53, 53, 50, 39 57.4
5 Human and Social Environment 106 30, 27, 25, 19, 19 22.4
6 Entrepreneurial Opportunities 103 25, 9, 11, 20, 22 30.4


 
Historic performance, 2017-2021   Key driver performance, 2021
 

   
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
Rwanda 52.6 21.5 96.9 85.4 34.4 35.5
Tanzania 74.3 15.9 54.2 59.5 29.4 37.0
Botswana 53.7 15.9 82.8 66.9 32.5 34.8
Zambia 60.7 16.9 96.1 57.4 22.4 30.4
Algeria 71.6 9.1 88.1 44.4 28.9 44.8
Malawi 52.6 12.4 79.8 60.2 23.1 29.6
Uganda 70.8 10.1 82.4 58.4 22.5 31.3
Last updated: 21 Jun 2021