Zambia Courts German Investors with Focus on Mining, Energy and Agriculture
The Zambia Development Agency (ZDA) has showcased the country’s investment opportunities to German and European investors during high-level bilateral engagements in Germany aimed at strengthening economic cooperation and attracting foreign investment.
The ZDA joined a Government delegation participating in Development Cooperation negotiations between the Government of Zambia and the Government of the Federal Republic of Germany for the 2027–2028 cooperation period.
The discussions focused on key sectors including good governance, food and nutrition security, agriculture, and water development.
On the sidelines of the negotiations, a high-level business forum was organised in partnership with the Zambian Embassy in Germany, the German-African Business Association, the German Agribusiness Alliance, the Germany Chamber of Commerce and Industry – Southern Africa, GIZ, and KfW Development Bank.
Speaking during the forum, Ministry of Finance and National Planning Permanent Secretary for Economic Management and Finance, Mulele Mulele, highlighted Zambia’s improving economic fundamentals and investment climate.
Speaking on behalf of Secretary to the Treasury Felix Nkulukusa, Mr Mulele cited policy consistency, fiscal discipline, the country’s mineral wealth, and the recently concluded Extended Credit Facility programme with the International Monetary Fund as key factors driving macroeconomic stability.
ZDA Director General Albert Halwampa also outlined investment opportunities in critical minerals, energy, agriculture, and water and sanitation.
Mr Halwampa encouraged German investors to take advantage of Zambia’s favourable business environment.
“Zambia has stable and predictable policies, which are key and matter most to investors. We also encourage investors to prioritise the employment of Zambians, ensuring that investments translate into local economic benefits,” Mr Halwampa said.
Meanwhile, Zambia’s Ambassador to Germany, Winnie Chibesakunda, called for stronger investment partnerships between Zambia and Germany.
Mrs Chibesakunda said Germany’s global reputation for industrial excellence and Zambia’s political stability and reform agenda create opportunities for transformative partnerships.
“When these strengths meet, the result is not merely investment, but transformation,” she said.
The forum also featured testimonies from existing investors, including Bayer Global Public Policy and Positioning Lead Anna Rainer and Level Build Zambia Chief Executive Officer Michael Woitag, who reinforced Zambia’s attractiveness as an investment destination.
