News

ZDA records $121 million in investment

THE Zambia Development Agency (ZDA) has recorded US$121 million worth of projected investments from Zambian companies from January to September 2017.

During the period under review, ZDA processed 299 investment applications worth US$13,263.80 million with projected employment creation of 38,380.

The manufacturing sector received the highest amount of pledges worth US$3,880,993.

RD Global,Mera Group Corporation plan to mount a manufacturing plant of energy renewable products in Zambia

A US San Francisco, California based company, RD Global, working with a Japanese company, Mera Group Corporation, plans to set up a manufacturing plant of energy renewable products in Zambia in an effort to mitigate the energy deficit in the region.

Mera Group Corporation, Business Development Advisor Rune Gunnar Dige says Zambia has been chosen as a preferred choice of investment in the energy sector because of its geographical position among countries in the Southern African region.

Zambia to exhibit at FITUR international tourism fair, in Madrid

Zambia will this Wednesday continue its aggressive marketing campaigns in Europe as they exhibit at the Spanish International Tourism Fair (FITUR) that will be taking place from 17th to 21st January, 2018 in Madrid, Spain.

Leading the Zambian delegation, Minister of Tourism and Arts Charles Banda is expected to hold various high-level meetings with the new United Nations World Tourism Organisation (UNWTO) Secretary General Zurab Pololikashvili and the Spanish Government.

SAUDI DELEGATION IN FOR INVESTMENT DEALS

PRESIDENT Edgar Lungu’s foreign trips have continued yielding positive results, with his visit to Saudi Arabia in May 2016 attracting a four-member Saudi delegation to Zambia to sign two multi-million dollar agreements.
The agreements are a US$100 million deal for the construction of the King Salman Specialist Hospital and an export activity programme deal with the Saudi Export Programme worth $5 million.

Zambia Supports AU in promoting investment in African countries

Zambia’s Ambassador to the United States (US) Ngosa Sibyakula says Zambia supports the African Union’s stance to harness the efforts of people of African descent all over the world to invest in African countries.
Dr. Simbyakula said the African Union diaspora division serves as the focal point and hub for implementing the decision to invite and encourage the African diaspora to participate in the building and development of the African continent.

Choppies urged to stock more local products

GOVERNMENT has called on Botswana’s leading supermarket Choppies to accommodate more local agro produce on its shelves as the chain store expands operations in the country.

 

Lusaka district commissioner Davies Mulenga said support to local farmers is important to boost growth of the agriculture and manufacturing sectors.

 

Investment climate in Zambia is one of the most attractive in Africa-Sikaneta

Zambia’s Ambassador to Ethiopia Susan Sikaneta said Zambia tops the list as one of the countries in Africa with a conducive environment for foreign investment.
Speaking when she received a delegation of German investors at the Zambia Embassy in Addis Ababa, Ethiopia, Ms. Sikaneta said the investment climate in Zambia was one of the most attractive on the continent.

ZDA and EMCO Sign IPPA for the Development of a US$1billion 340MW Coal Fired Power Plant

The Zambia Development Agency (ZDA) has signed an Investment Promotion and Protection Agreement (IPPA) with EMCO Energy Zambia Limited (EMCO) for the development of a 340 Mega Watts coal fired thermal power plant in Sinazongwe Southern Province.

Speaking to journalists today in Lusaka, ZDA Board Chairperson Mary Ncube says the pledged investment by EMCO Energy Zambia Limited is US$1 billion.

SheTrades to support women in trade

ZAMBIA will next year launch SheTrades, a global initiative aimed at empowering women to trade and connect to international markets.
The SheTrade initiative is a campaign by the International Trade Centre (ITC) to connect one million women entrepreneurs to the market by 2020 and also help corporations include women entrepreneurs in their supply chains.

PIGA trains stakeholders to explore Zambia’s trade potential

IN LIGHT of the dynamic evolution of trade and investment in the African region in recent years, the Partnership for Investment and Growth in Africa Initiative (PIGA) project supported by UKaid has embarked on efforts aimed at connecting African and Chinese businesses to increase investment and spur economic growth.

This is to foster opportunities for inclusive growth and diversification in four African countries, namely Zambia, Kenya, Mozambique and Ethiopia.

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