News

Kazungula to Become a Tourist Destination

The Government of the Republic of Zambia has committed itself to creating a business environment that benchmarks Zambia as the best investment destination among dynamic developing economies in the sub region.

Zambia Development Agency (ZDA) is one institution mandated by government to foster Zambia’s economic growth and development by promoting trade and investment in Zambia through an efficient, effective and coordinated private sector led economic strategy.

SMEs Are the Cornerstone of Development - ZDA

The Zambia Development Agency (ZDA) says enhancing the development of Small and Medium Enterprises (SMEs) cannot be over emphasized as SMEs play an important role in employment creation and economic growth.

ZDA Director General Patrick Chisanga says even the big companies of today started as SMEs or family businesses.

Exhibition on the Sidelines of the Ease of Doing Business Conference to Showcase Zambian Products

Ministry of Commerce Trade and Industry Permanent Secretary Mrs Kayula Siame says there is an exhibition running alongside the Ease of Doing Business Conference to showcase some products and services offered by Zambian companies.

Mrs. Siame says the exhibition has attracted both small and medium enterprises and some large companies.

ZDA Attracts Investment from China

The Zambia Development Agency together with the Ministry of Commerce, Trade and Industry attended the Henan Industrial and Commercial Enterprises Cross-Border Investment and Trade Fair that was held from 29th March to 2nd April, 2017 in Zhengzhou, China.

The Trade Fair is an annual event sponsored by the Bank of China and the Henan provincial leadership. It brings investors from across the world to explore investment opportunities through business-to-business linkages.

Investor to Generate Energy Out of Waste

A company of European origin Genniz Engineering, Surveying and Environmental Consultant Services Limited (GESECSL) is in the country and wishes to invest about USD 1.8 billion in treating waste in a process called gasification to produce energy.

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.

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