A Timetric briefing service

HLB International expands into Zambia

10 August 2010 by IAB editorial

HLB International has signed its first member firm in Zambia. Reliance Chartered Accountants, based in Lusaka, will be renamed HLB Reliance.

HLB Reliance specialises in audit, tax and corporate services work for limited companies and non-government organisations.

The Zambian Government is encouraging an inflow of foreign investment into the country partly through private public partnership and tax incentives, which has in turn increased demand for accounting services.

There is also increased demand for professional services due to new regulation requiring limited companies to submit audited financial statements and tax computation.

“Reliance is joining the HLB network to develop its positioning on the global stage and to develop cross-border and larger assignments,” HLB Reliance partner Shuko Ndhlovu said.

“We feel that it is imperative that we harness the potential for international work.”

Reliance Chartered Accountants was established in 2008 and has two partners and 12 staff.