Lusaka South MFEZ Runs Out of Land as Investor Demand Surges
The Lusaka South Multi-Facility Economic Zone (LS-MFEZ), a wholly owned subsidiary of the Industrial Development Corporation (IDC), has officially allocated all 548.6 hectares of its designated industrial land, signalling unprecedented investor interest.
IDC Chief Executive Officer, Mr Cornwell Muleya, revealed the development during a familiarisation tour of the LS-MFEZ, where he was hosted by Board Chairperson Mr Boster Chiyaba, Board Members, and senior management.
As of June 2025, the Zone has approved 140 investors, of which 31 are fully operational, contributing an investment value of US$1.58 billion and employing 9,804 people. A further 26 investors are currently constructing their facilities, while 20 remain on a waiting list for land.
Mr Muleya commended LS-MFEZ as a flagship investment hub, noting its vital role in driving Zambia’s economic growth and supporting national development goals. He encouraged management to explore the establishment of an additional Multi-Facility Economic Zone to accommodate the growing appetite from investors.
He praised the management team’s professionalism and urged them to safeguard the Zone’s strong corporate reputation.
Following the briefing, Mr Muleya toured key infrastructure, operational facilities, and ongoing development projects within the Zone, underscoring the scale and impact of LS-MFEZ’s contribution to Zambia’s industrialisation agenda.
