The 2016 Trade Policy Review Report concluded that the government would continue to implement programmes and initiatives to ensure inclusive growth and job creation, with a particular focus on macroeconomic stability, economic diversification, support for small and medium-sized enterprises (SMEs), cooperation with cooperating partners and investment promotion. Zambia is committed to continuing to use bilateral, regional and multilateral frameworks to support economic growth and development. In January 2012, GRZ cancelled the sale of soe Zambia Telecommunications Company (Zamtel) to the Libyan company LAP GreenN, which acquired a 75% stake in Zamtel for $257 million. GRZ unilaterally cancelled the sale and seized the telecommunications company on the grounds of corruption and failures in the privatization process. LAP GreenN, through Libya`s investment authority, challenged the Zambian government`s decision in court and sought $480 million in compensation. In October 2017, the High Court in London ordered the Zambian government to compensate $380 million for the renationalisation of the zamtel. The Zambian government insists that it will compensate LAP GreenN for its investment in Zamtel, but does not return ownership of the business to the operator. Currently, there are no restrictions or restrictions on foreign investors converting or transferring investment-related funds (including transfers of funds, income, loan repayments and leases) into free-to-use currency and a legal market clearing rate. Investors are free to recoup investments, dividends, management fees, interest, profits, technical fees and royalties. Foreign nationals can also transfer and/or transfer wages earned in Zambia. Investment-related funds can be freely converted into internationally convertible currencies. The BoZ has a flexible exchange rate policy that generally allows the currency to float freely, although it intervened strongly to support the local currency, the Kwacha, between 2014 and 2016. Currency transfers are protected by Article VII of the IMF.
Intellectual property laws in Zambia cover areas such as domain names, traditional knowledge, technology transfer, patents and copyright, etc. Zambia is also a party to several international intellectual property agreements. The legal framework for trademark protection in Zambia is appropriate, but respect for intellectual property rights (IPRs) is weak and courts have little experience in commercial litigation.