News

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.

Turkey Sets Aside USD250 Million for African Development

Turkey has set aside a sum of USD 250 million to be disbursed through the Turkish Exim Bank to support infrastructure development in African countries.

This came to light at a round table meeting discussing development funding with emphasis on roads, railway, energy and dams at the Africa-Turkey Economic and Business Forum in Turkey’s commercial capital, Istanbul.

ZDA to Co-Host Conference on AGOA Opportunities

The Zambian Government is working towards maximizing benefits of the African Growth Opportunity Act (AGOA) through various means such as capacity building for local small scale entrepreneurs, export mentoring and product development following its extension in 2015.

AGOA builds on existing US trade initiatives by expanding the (duty-free) benefits previously available only under the Generalized System of Preferences (GSP).

ZDA Markets Zambia at the Global African Investment Summit

The Zambia Development Agency (ZDA) participated in the Global African Investment Summit which took place in September 2016, in Kigali, Rwanda. The Summit was held under the patronage of His Excellency Paul Kagame, President of the Republic of Rwanda and in partnership with COMESA and the Government of Rwanda.

Zambia, Turkey Act to Stimulate Business

The Zambia Development Agency (ZDA) and the Foreign Economic Relations Board (DEIK) have rolled out a Plan of Action that will entail the two parties interact closely to stimulate economic activities between Zambia and Turkey.

In the Plan of Action, DEIK has affirmed commitment to sending a high powered Business delegation to Zambia to participate in the International Business Forum in April, next year.

Zambian Companies Get USD 46 Million Deals in DRC Trade Mission

The Zambia Development Agency (ZDA) says the Trade Mission it conducted in Lubumbashi, Democratic Republic Congo (DRC), at the end of October, with twenty Zambian companies from various sectors was a huge success.

Director Export Development Jonathan Simwawa says the Zambian companies managed to strike deals worth USD46,121,680 to supply various Zambian products to the DRC.

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