Zambia Positions Itself as Investment Destination at Major Lusaka Conference
President Hakainde Hichilema has officially opened the Invest Zambia International Conference (IZIC) with a strong appeal to both local and foreign investors to seize untapped economic opportunities and help drive the country’s transformation agenda.
Speaking at the Mulungushi International Conference Centre in Lusaka, President Hichilema said his administration has prioritized creating a conducive business environment by removing barriers that hinder investment, including legal disputes and structural inefficiencies.
“We knew we needed to deal with the debt mountain—priority among many—because without that, such a conference would not have been possible. We restored the rule of law and revived the mining sector to bring back idle assets,” the President said, emphasizing the government’s commitment to unlocking Zambia’s full economic potential.
He stated that increased investment will accelerate Zambia’s growth, create jobs, expand business opportunities, and boost public revenues. “This will benefit our youth in particular, who will find more opportunities in a thriving, inclusive economy,” he added.
President Hichilema outlined four key investment parameters: access to fairly priced capital, infusion of advanced technologies, increased productivity, and efficiency in operations. He further urged African leaders to shift 70 percent of their focus to discussing trade, investment, and economic development.
The President also underscored his administration’s collaboration with the private sector, noting that Zambia’s national budget reflects structured input from business leaders and industry players.
Chinese Ambassador to Zambia, Han Jing, praised the Zambian government for its longstanding support of Chinese enterprises. He noted that China remains Zambia’s largest investor and second-largest trading partner, with direct investment reaching $3.6 million in 2024.
Also speaking at the event, International Finance Corporation (IFC) Country Manager Madalo Minofu said sustainable growth in key sectors such as agriculture, mining, energy, and tourism depends on collaborative investment efforts. She commended the Zambian government for establishing a stable and investor-friendly environment.
United Nations Deputy Executive Director for the International Trade Centre (ITC), Dorothy Tembo, added that high-quality foreign direct investment is essential for translating trade opportunities into long-term socio-economic benefits.
Minister of Commerce, Trade and Industry, Chipoka Mulenga, emphasized the importance of supporting corporations already operating in Zambia and reiterated that the conference serves as a critical platform to stimulate economic growth through investment.
The Invest Zambia International Conference is expected to attract investors, policymakers, and business leaders from across the globe to explore Zambia’s vast potential in infrastructure, energy, agriculture, mining, and other growth sectors.
