What is an Exchange Rate and What Does It Mean? The exchange rate is defined as “the value of one nation's currency versus the currency of another nation or economic zone.” For example, the value of US $1 is the equivalent of K13.29* (Zambian Kwacha). Exchange rates change day to day, and for anyone traveling or working abroad, the exchange rate can have significant impact on your living expenses and...
Money Management Strategies For Those Working Overseas Managing your finances while living abroad can be challenging. Overseas workers often find their personal wealth suspended across borders, with bank accounts in different countries and income in different currencies. Taxes, transaction fees, currency conversions, and restrictions around opening a bank account are common headaches an overseas...
Finance Tips: How To Save More And Spend Less Abroad Visiting a foreign country is exciting. The best way to experience everything a different culture has to offer is by going out to eat, visiting historical sites and museums, taking tours around, and going to events. Going on vacation is one thing; living abroad in a foreign country is another matter. Splurging a little while seeing the top-rated tourist...
The Lucrative Niche of Student Housing in Zambia Just how lucrative a property investment is student housing (boarding houses) in Zambia? In this article, we explore some interesting trends and facts to keep in mind and discuss the potential in this niche investment opportunity. Zambia has a young growing population estimated at approximately 17 million as of 2018 with over 45 percent of this population...
How To Select The Right Mandate For Your Property How do you select the best mandate for your property, especially in a slow or downward market? With the property market fairly slow in the region currently, properties are staying on the market much longer than usual. This applies for both properties for sale and rental properties. It is thus not only important to work with the right agent or agency, but to...
5 Essential Elements Of A Contract Of Sale: Buying Property In Zambia The contract of sale is an essential part of the process when buying property in Zambia. The contract of sale is a formal document outlining terms and conditions by which a seller agrees to sell and a buyer agrees to buy a property described in the document. The contract is signed by both parties after a final draft is agreed upon by the...
4 Reasons to join your Local Neighbourhood Association or start one today! There are plenty of reasons why you should join your local neighbourhood association. In this article we explore only 4 key reasons join your local neighbourhood association or start one if you do not have one in your neighbourhood already. As a resident or home owner, you naturally want to live and own property in a thriving and...
How to Get a Small-scale Mining Licence in Zambia How does one get a small-scale mining licence in Zambia? Small-scale mining in Zambia has in recent years gained momentum with many local small and medium enterprises (SMEs) getting licences in the country. Zambia is well known as a mineral rich country with a long-standing history of mining, predominantly copper and cobalt mining on the Copperbelt...
6 Tips When Looking For Rental Property In Lusaka Here are 6 tips when looking for rental property in Lusaka. We hope this saves you time and a potential disaster story in which you're the victim! Feel free to add to these your own tips in the comment section. 1. Use a real estate agent. Yes, it sounds biased coming from an agency right? Truth is however, while some people think searching for the right...
How To Get A Title Deed In Zambia - The Right Way! How does one get a title deed in Zambia? What is a title deed? Let’s begin with some definitions. According to Business Dictionary, A Title Deed is a “legal document (instrument) executed and acknowledged under the seal and in the presence of a notary, evidencing the right of ownership to a property described therein”. A notary is a person licensed...