Page "Economy of Zambia" Paragraph 4

At independence in 1964, Zambia's economy grew the British South Africa Company ( BSAC, originally setup by the British imperialist Cecil Rhodes ) retained commercial assets and mineral rights that it acquired from a concession signed with the Litunga of Barotseland in 1892 ( the Lochner Concession ).

Only by threatening to expropriate the BSAC, on the eve of independence, did the incoming Zambian government manage to get the BSAC to relinquish the mineral rights.

The Federation's government assigned roles to each of the three territories: Southern Rhodesia was assigned the responsibility of providing managerial and administrative skills ; Northern Rhodesia provided copper revenues ; and Nyasaland provided the Black labour.