ZAMBIAN ACCOUNTING FIRM JOINS HLB INTERNATIONAL - GIVING HLB ITS FIRST LOCAL PRESENCE IN ZAMBIA
The network of choice for international clients
HLB International, the international accountancy network, has signed its first member firm in Zambia.
Reliance Chartered Accountants, trading as Reliance, is a fast-growing accountancy practice based in Lusaka, which specialises in audit, tax and corporate services work for limited companies and non-governmental organisations, and is ranked within the top 15 accountancy firms in the country.
As a result of this new development, the company will be renamed HLB Reliance.
"Reliance is joining the HLB network to develop its positioning on the global stage and to develop cross-border and larger assignments. We feel that it is imperative that we harness the potential for international work. We feel that this can be achieved by joining a visionary, quality focused network and HLB - with its Local in Touch, Global in Reach approach - is the perfect match," says Shuko Ndhlovu, partner at HLB Reliance,
Zambia is a landlocked country with abundant natural resources, including water reserves which account for 40% of water in Southern Africa. The country's economy is mainly supported by mining and agriculture. Growth opportunities in Zambia have been assisted by the stable economy, which has attracted huge investments in mining from India and China. The Zambian Government has encouraged Private Public Partnership (PPP) as a vehicle for investment - as well as tax incentives - which have resulted in inflow investment from abroad, while the property development, construction and financial sectors have also seen significant growth.
Demand for professional services is being driven by several factors including the increase in foreign or international companies and NGOs in Zambia and new regulation that all limited companies are required to submit audited financial statements and tax computation.
HLB International, James Frost + 44 20 7881 1100
Background to HLB International
HLB International is a fast-growing, dynamic network of independent professional accounting firms and business advisers. Formed in 1969, HLBI ranks in the top 12 international accounting networks, servicing clients through its member firms in over 100 countries.
HLB International is a member of the Forum of Firms and is ranked within the top 12 International accounting networks and continues to thrive.
HLBI focuses on quality and personal service, reinforced by regular quality assurance reviews of all member firms, an up-to-date ISA compliance international audit manual and membership of external professional bodies focused on quality issues.
Member firms are well-established locally with most firms ranked among the top twelve nationally.
Background to HLB Reliance
HLB Reliance is one of the fastest-growing accountancy firms in Zambia and is ranked within the top 15 accountancy firms in the country. Established in 2008, it has two partners, with 12 staff in total, located in Lusaka.
HLB Reliance was initially registered to conduct accounting and audit services to NGOs, but and now works with Owner Managed Businesses (OMBs) and Small and Medium Enterprises (SMEs) throughout Zambia, covering company formations, internal audit, external audit, HR services, corporate finance and taxation services.
All partners are qualified practicing Chartered Accountants.The firm are also practising HR consultants and investment advisers under its corporate services wing. The partners are members of the Institute of Internal Auditors (IIA) - UK and Ireland, Association of Chartered Certified Accountants (ACCA) -UK, Zambia Institute of Chartered Accountants (ZICA) and Institute of Directors Zambia. The partners sit on the Institute of Directors (IoD) - Zambia as Audit Committee members.