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Investment & Legal Framework
• Provide details about principal managers’ expe-
rience in banking
The applicants will further be required to submit
the following documents:
• Biographical data form
• Business plan with three year financial projec-
tions (Profit & Loss Account, Cash flow and Bal-
ance Sheet statements)
• Curriculum Vitae for all principal managers and
shareholders
• Copy of the company’s Certificate of Incorpora-
tion
• Copy of the company’s Articles of Association
• Approval by the home country supervisors (usu-
ally another Central Bank), if the applicants are
foreign registered financial institution.
The Transport Sector
Air Transport
The Department of Civil Aviation, which falls un-
der the Ministry of Transport and Communica-
tions, is responsible for issuance of the Aircraft
Licence. The following documents will be required
to support an application for the licence:
• Copy of type of certificate
• Certificate of technical data sheet
• Copy of current certificate of airworthiness
• Copy of the flight manual or equivalent
• Complete set of manufacturer’s maintenance,
overhaul and repair manual and an illustrated
parts catalogue
• Complete set of manufacturer’s service bulletin
or equivalent documents relating to the airplane
• Copy of the crew operations manual
• Copy of the mass and balance manual
• Flight test reports for the avionics systems and
the aircraft
• Electrical load analysis covering all services
• Complete set of wiring diagrams covering all ra-
dio and electrical installations
• Copy of the Master Minimum Equipment list
Road Transport
The Road Traffic Department may issue the road
service licence upon submission of the motor-
book, the company certificate of incorporation,
the motor vehicle examiner’s report and a bank
statement.
Energy Sector
Energy Licence
The Energy Regulations Board is responsible for is-
suance of licences in the energy sector. Applications
for energy licences should be supported by the fol-
lowing documents:
• Five year business plan
• Current and latest audited financial statements
• Details of any expected subsequent substantial
capital outflows including major decommissioning
costs
• Estimates of net annual cash flows
Health Sector
Investors in the health sector are required to obtain
a certificate from the Medical Council of Zambia
(MCZ). Applications for the certificate should be sup-
ported by the following documents:
• Certificate of incorporation
• List of Directors
• Qualifications of paramedical and logistical staff
that should be registered and possess a practicing
licence with MCZ.
The MCZ will inspect the premises, equipment, and
protective wear prior to issuance of such certificate.
TheZambianGovernmentwelcomes investment into theneedy
Health Sector to improve services and upgrade equipment.
Education Sector
Potential investors in the education sector are re-
quired to obtain a certificate from the Ministry of Edu-
cation. The supporting documents for the certificate
include the certificate of incorporation and qualifica-
tions of the teaching staff. The Ministry of education
officials will inspect the building premises and the