Zambia Projects 6% Growth as Ambassador Zyuulu Courts Investors at China Seminar

Zambia’s Ambassador to the People’s Republic of China, His Excellency Ivan Zyuulu, has reaffirmed Zambia’s position as one of Africa’s most attractive destinations for foreign direct investment, highlighting the country’s strong economic rebound and investor-friendly climate.

Speaking during the Zambia-China Investment Cooperation Seminar at the ongoing Invest Zambia International Conference, Ambassador Zyuulu revealed that Zambia’s economy is projected to grow by 6% in 2025, crediting the performance to structural reforms, macroeconomic stability, and robust government investment policies aimed at boosting enterprise.

“Zambia offers a conducive and predictable business environment supported by stable politics, clear investment incentives, and regional trade access,” the Ambassador told delegates.

The event, co-hosted by the Association of Chinese Corporations in Zambia and the China Africa Development Fund, drew major stakeholders from both nations to discuss emerging investment opportunities and reinforce existing business ties.

Ambassador Zyuulu expressed gratitude for the growing cooperation between Zambia and China, noting that the two countries’ relationship—now elevated to a Comprehensive Strategic Cooperative Partnership—traces its roots to historic ties initiated by Dr. Kenneth Kaunda and Chairman Mao Zedong, and now championed by President Hakainde Hichilema and President Xi Jinping.

“In 2024 alone, Zambia attracted US$3.6 billion in Chinese foreign direct investment, accounting for 52% of all FDI, a clear testament to investor confidence in Zambia’s vision,” Ambassador Zyuulu said.

He outlined key areas of Chinese interest and government priority: agriculture, energy, manufacturing, infrastructure, tourism, mining, and the digital economy. To accelerate growth in these sectors, the Zambian Government has undertaken strategic measures, including:

• Establishment of farm blocks in all ten provinces (each with 100,000 hectares reserved);
• Creation of Multi-Facility Economic Zones (MFEZs) offering tailored incentives;
• Tax and investment benefits administered by the Zambia Development Agency (ZDA).

He also emphasized Zambia’s regional trade advantage through membership in COMESA, SADC, and the African Continental Free Trade Area (AfCFTA), all of which open extensive market access for investors.

In conclusion, Ambassador Zyuulu encouraged Chinese enterprises to form joint ventures, pursue public-private partnerships, and tap into long-term financing mechanisms such as the China Africa Development Fund to help expand Zambia’s productive capacity and export potential.

“Zambia remains open for business. We invite you to be part of our journey of economic transformation and shared prosperity,” he concluded.