News

2016 Exporter Audit Records Marginal NTE Decline

Among the core functions of the Zambia Development Agency (ZDA) is the provision of evidence based policy advice to the central government through the Ministry of Commerce Trade and Industry as valuable input into formulation of sound economic policies.

The Agency is also mandated to collaborate with and inform the private sector of relevant market dynamics in both regional and international markets.

Agro Diversification Beneficial for Zambia’s Economic Growth

Zambia is a country endowed with vast stretches of land suitable for massive agriculture. If the land is harnessed well for agriculture and agro-processing, Zambia can be a hub of agro products in the Southern Africa Development Community (SADC).

Since the year 2001 successive governments have embarked on improving access to inputs and finance for small scale farmers as a way of diversifying the economy from heavy reliance on copper production and exports.

State Visit Yields Positive Results

Foreign Direct Investment (FDI) plays a major role in the economic development of the host country. Over the years, FDI has helped economies of the host countries to obtain a launching pad for further improvements.

In most cases, FDI pumps in a lot of capital, knowledge and technological resources into the economy of a country.
This helps in boosting the particular host economy. The Zambian government has a preview of this information and has been doing a lot in attracting FDI into the country.

MFEZ Aimed at Unlocking Development

The Multi Facility Economic Zone (MFEZ) is a Government initiative introduced to Zambia in 2003 to stimulate industrial and economic activities in the manufacturing sector through value addition for local and export markets.

The aim of the zones is to create a platform for Zambia to achieve economic development by attracting significant domestic and foreign direct investment (FDI) through a strengthened policy and legislative environment.

Congo DR A Strategic Market for Zambia

Government has prioritised international trade to stimulate inclusive growth and development in key sectors of the economy and to create jobs for the Zambian people.

Some of the interventions that Government has proposed to realise this is the operationalisation of bilateral trade agreements with neighbouring countries such as Angola and the Democratic Republic of Congo (DRC) and the establishment of trade centres at borders of major non-traditional markets, among them Kipushi and Kasumbalesa.

Zambia, Poland Team Up for Economic Benefits

The Zambia Development Agency (ZDA) says there is need for stronger economic relations between Zambia and Poland.

Director General Patrick Chisanga says Zambian embassies and consulates around the world should be used for economic diplomacy to propel the economic agenda of the country.

Mr. Chisanga was speaking today in Lusaka when Honorary Consul to Zambia based in Poland Bartosz Brusikiewicz paid a courtesy call on him.

Multi-facility Economic Zones Initiative to Boost Development-ZDA

The Zambia Development Agency (ZDA) says the Multi Facility Economic Zones (MFEZs) are a Government initiative to stimulate industrial and economic activities in the manufacturing sector through value addition for local and export markets.

ZDA Manager Infrastructure Robert Banda said this in an interview with Zambia National Broadcasting Corporation (ZNBC) in Lusaka.

ZDA Woos Polish Investors

The Zambia Development Agency (ZDA) has continued to market Zambia’s various trade and investment opportunities to the world.

Today the Agency hosted a delegation of Polish investors that came into the country to explore investment opportunities and business cooperation with Zambia.

The 24 member delegation comprised of the Polish Chamber of Commerce, companies in the energy sector, agriculture sector, Information Communication &Technology, transport and logistics as well as government representatives.

Quality Management Key for Increased Growth

Manufacturing companies in Zambia have, since 1975 never had it easy. After having to contend with the economic crises of the 1970s to the 1990s, they are now faced with severe electricity shortages arising from climate change, escalating costs of materials and other supplies as a direct consequent of a volatile exchange rate; high interest rates; competition from high quality and relatively cheaper imported goods; and demanding clientele that expect high quality manufactured goods.

2017 Budget Aims to Restore Economic Growth

Government says the state of the economy requires immediate bold measures to be put in place to stabilize and grow the economy. Finance Minister Felix Mutati said this when he presented the 2017 national budget to Parliament last Friday.

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