ZDA Achieves $8.9 Billion in Actualized Investments Between 2021 and 2024
The Zambia Development Agency (ZDA) has successfully actualized $8.9 billion in investments from 2021 to 2024, this was announced by ZDA Director General, Mr. Albert Halwampa, during a media briefing held on Friday, 23rd August, 2024 at the ZDA Boardroom.
Out of a total committed investment of $54 billion, 440 companies have contributed to this substantial achievement, representing an actualization rate of 113%. The investments span various sectors, with mining leading at $3.34 billion, followed closely by manufacturing at $3.10 billion, and transport at $1.2 billion.
“This remarkable success reflects the ZDA’s commitment to promoting both local and foreign direct investment, trade, and business development, particularly for SMEs,” Mr. Halwampa stated. Lusaka Province emerged as the top contributor, actualizing $5.3 billion, followed by North Western Province with $2.3 billion.
In addition to investment gains, the ZDA reported that 36,045 jobs were created, surpassing the committed employment figure of 29,009. Mining and manufacturing sectors were the largest employers, creating 9,692 and 12,460 jobs, respectively.
Mr. Halwampa credited this success to Zambia’s robust leadership under President Hakainde Hichilema, whose policies have fostered a stable macroeconomic environment and attracted unprecedented levels of investment.
As the ZDA continues its mission, Mr. Halwampa encouraged local investors to seize opportunities, emphasizing the government’s support for small and medium enterprises through low investment thresholds and incentives such as zero customs duty on imported equipment and machinery.
