Running a business anywhere in the world comes with its unique challenges, but in Zambia, the weight of not only operational costs but price hikes and loadshedding has made entrepreneurship a steep uphill battle. For many small, medium or large business owners, the dream of creating jobs, offering services, or building generational wealth is met with the harsh reality of ever-increasing expenses and regulatory obligations.
The financial pressures Zambian business owners face and the steps needed to create a more sustainable business environment can be broken down as follows from our perspective:
Breaking Down the Costs
The Impact on Growth
With such a heavy financial load, many businesses find it difficult to expand or even stay afloat. High operational costs reduce profit margins, limiting reinvestment into growth initiatives like hiring, marketing, or product development.
The question becomes: how can businesses grow and survive in this environment?
The Way Forward
While the cost of doing business in Zambia is undoubtedly high, entrepreneurs remain resilient and determined. A shift in how businesses are supported more especially through policy, community, and innovation can pave the way for a more sustainable future.
At the heart of it all lies a simple truth: when businesses thrive, they create jobs, boost the economy, and improve livelihoods. It’s time to work together to make this vision a reality.
Mupapa Wood 