Private Sector Development In Zambia Essay

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In the quest for economic growth, many countries in many parts of the world are (re)formulating national laws to facilitate private investments (ZDA, 2011). However, these investments can have varying consequences on the local economy. Access to housing is perhaps one of the most visible consequences due to the fact that such developments attract people to the area in search of economic opportunities, which eventually triggers the demand for housing (Chandawe, 2008). This perfectly describes what has recently happened in Zambia. Endeavoring to make the country a hub of economic development, government in Zambia has in the recent years strengthened its policy framework for investment. In 2004, the country introduced the Private Sector Development Reform Program (PSDRP 1) with its first phase aiming to improve the investment climate and boost the private sector’s contribution to economic growth (NEPAD, 2011). The Program focused on encouraging private investment in infrastructure, business facilitation and an economic diversification. In addition to this, the Public Private Partnership Act was introduced to promote the effective delivery of social services by enhancing transparency, fairness and long term sustainability…removing undesirable restrictions on private sector participation in the provision of public infrastructure (GRZ, 2009:4). Such an investment climate led to a significant boost in one of Zambia’s major contributors to economic growth, the mining sector (GRZ, 2011). Solwezi in North- Western province has been marked as one district harboring the most active large-scale mining companies. The boom of the mining industry has raised expectations of jobs and economic growth within communities and the population at large... ... middle of paper ... ...SION This chapter has presented a background to the research. In particular, it presented housing problem in Solwezi that has undoubtedly spurred by the increase in economic activities in the district. The chapter also revealed the call to involve stakeholders in addressing the housing shortage and then brought to the problem which is the failure to complete or initiate housing projects due to challenges and constraints that the stakeholders face. This chapter further provided the research objectives, research questions, methodology of the study, the significance of the study and the outline of the dissertation. This layout is necessary as it provides the general overview of the entire dissertation. The next chapter discusses theories and reviews literature on housing supply, development and the relevance of stakeholders and their involvement in housing development.

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