Investors from China Express Interest in Zambia’s Golden Baobab Economic Zone
A high-level delegation of investors and government officials from Linyi Municipality, China, visited the Zambia Development Agency (ZDA) on December 19, 2024, to explore investment opportunities in Zambia.
The 16-member delegation, led by Mr. Yuan Zhongxiang from the Linyi Municipal Bureau of Commerce, expressed keen interest in investing in the upcoming Golden Baobab Multi-Facility Economic Zone in Kafue.
ZDA Director General, Albert Halwampa, welcomed the delegation and provided insights into Zambia’s strategic sectors for investment, which include mining, energy, manufacturing, tourism, infrastructure, and Information and Communication Technology (ICT).
Halwampa highlighted the attractive incentives offered to investors, such as zero percent customs duty on imported capital machinery, tax exemptions on profits and dividends, and unrestricted repatriation of profits within the multi-facility economic zone.
Emphasizing Zambia’s business-friendly environment, Halwampa assured the delegation that ZDA would support investors from initial setup to full operation, ensuring mutual benefits for both investors and the Zambian people.
He also underscored Zambia’s advantageous position as a trade hub offering access to extensive markets within Southern Africa and the broader continent.
In closing, Halwampa reiterated Zambia’s commitment to strengthening its economic ties with China, stating, “Zambia is ready for business, Zambia is open for business, come and invest with us.” The visit marks a significant step in fostering deeper economic collaboration between the two nations.
