Zambia ideal investment destination – ZDA

 

By Nation Reporter

POLITICAL stability, democratic dispensation and the friendliness of the people of Zambia are some of the best investment incentives that are hard to match in the African continent, says Zambia Development Agency (ZDA) director general Patrick Chisanga.

Mr Chisanga explained that Zambia still enjoyed tremendous investor confidence as evidenced by the number of business delegations from around the world that had been visiting the country throughout the year.

He said that on top of the fiscal and non-fiscal incentives that the agency facilitated, political stability and the rule of law were some of most important incentives the country could offer to both local and foreign investors.

“The political stability, democratic dispensation and the friendliness of the people of Zambia are some of the best investment incentives that are hard to match in the African continent.

“Zambia still enjoyed tremendous investor confidence as evidenced by the number of business delegations from around the world that have been visiting the country throughout the year,” he said.

Mr Chisanga elaborated that it was the responsibility of the agency to receive various business delegations and facilitate their entry into the country.

He explained that the agency also facilitated meetings with various stakeholders into the country depending on their interests.

Mr Chisanga reviewed that investment opportunities were identified in priority sectors which were marketed to attract foreign direct investment and stimulate local direct investment.

The Director General emphasised that there were vast investment opportunities currently in the agriculture sector, agro-processing and manufacturing as the country was diversifying its economy from over reliance on mining.

He also explained that there were vast opportunities that existed in the energy sector as a result of the power deficits the country has been experiencing.

“There are a lot of opportunities in renewable energy such as solar, hydro, biomass as well as thermal energy,” said Mr Chisanga.

Mr Chisanga also noted that opportunities existed in the tourism sector and the infrastructure sector such as roads, hotels and conference facilities.

He listed Canada, Australia, Germany, United Kingdom, South Africa, India and China as some of the major countries that have invested in Zambia.

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