13 MFEZ Permits Issued in Kafue, $195m Investment, 7,800 Jobs Projected
The Zambia Development Agency (ZDA) has issued 13 Multi-Facility Economic Zone (MFEZ) permits to firms setting up operations in the Golden Baobab MFEZ in Kafue. The investments, valued at USD 195 million, are projected to create 7,800 jobs.
The Golden Baobab MFEZ is an integrated industrial hub covering manufacturing, energy, transport, construction, and agro-processing. It aims to position Zambia as a competitive regional centre for value addition and exports.
ZDA Board Chair, Prof. Biemba Maliti, described the milestone as a demonstration of growing investor confidence in Zambia’s consistent policies and ongoing economic reforms.
“MFEZs are central to Government efforts to promote value addition and economic diversification. The Government remains committed to attracting quality investments that generate decent employment, particularly for young people,” Prof. Maliti said.
He urged investors to honour their commitments by boosting industrial output, forging linkages with local businesses, and ensuring environmental sustainability.
ZDA Director General, Albert Halwampa, said the development further validates President Hakainde Hichilema’s efforts to position Zambia as a preferred destination for investment.
He noted that under the President’s decisive leadership, Zambia has experienced a private sector-driven turnaround, with a marked increase in foreign direct investment.
“Kafue is set to reclaim its status as a major manufacturing hub, contributing significantly to the regional economy and national GDP,” Mr Halwampa said.
He reassured investors that ZDA would continue providing support from project inception to post-establishment.
Between 2021 and 2025, ZDA approved six MFEZs across the country, reflecting the Government’s business-friendly policies.
Golden Baobab Park Director, Mr Huang Pengqi, represented by Director Tresford Kaunda, highlighted the benefits to technical training institutions and the wider economy.
He added that the increased industrial activity would stimulate growth in sectors including hospitality, real estate, and financial services.
“Entrepreneurs should seize the opportunities this development presents,” Mr Huang said.
