Zambia is rich in natural resources such as copper, cobalt, zinc, water, and timber, which are essential inputs for many manufacturing processes. Some of the key industries in the manufacturing sector include textile and leather industries, chemicals, rubber and plastic products, basic metal products, paper and paper products, food, beverages and tobacco, wood and wood products, and fabricated metal products. The manufacturing sector accounts for nearly 9% of the country's GDP and has experienced an average annual growth rate of ~13% between 2019 and 2022 mainly due to increased investment in the sector. However, limited industrial processing capabilities and cuts in power supply constrain further growth within the sector. Other challenges include limited availability of skilled labour and high cost of input materials.

By addressing these challenges and leveraging the strengths of the Zambian manufacturing sector, companies can transform the sector into a major contributor to the country's economy while realizing sustainable value for their investment. By embracing innovation and sustainable practices, Zambia's manufacturing sector has the potential to become a key driver of the country's economic growth agenda and provide employment to the youths.

At Red Black Ventures, we believe that unlocking the full value of the Zambian manufacturing sector requires a deeper understanding of its unique challenges and opportunities. We keep a close eye on market trends, gather data, and work with businesses to develop effective strategies that help them succeed in the sector.