Zambia - A Jewel For Investment

Zambia Development Agency (ZDA) says Zambia is the best investment destination in the sub- region with a Gross Domestic Growth (GDP) of six (6) percent. 

Speaking in Lusaka ZDA Acting Director General Henry Sakala said it is very easy to do business in Zambia compared to other countries in Africa. 

“The country has been ranked among the 10 most improved economies in the Ease of Doing Business in Sub Saharan Africa by the World Bank”, said Mr. Sakala. 

He added that Zambia has enjoyed fifty (50) years of political stability and abundant natural resources creating an enabling environment for investment making the country outstanding. 

“Zambia is a jewel that all the investors out there need to discover because of the best investment conditions and incentives that it offers to investors,” he said. 

Mr. Sakala added that Zambia is a business hub, land linked by road, by rail and by air, which connect the country to a vast market that includes the Southern African Development Community (SADC), Common Market for Eastern and Southern Africa (COMESA) and the European Union (EU) markets in addition to the local market. 

“In addition, the country has about 68 percent of young people which creates potential for growth and abundant human resource” he said. 

Mr. Sakala explained that Zambia has excellent economic policies supporting business which includes the Zambia Development Agency Act whose mandate is to facilitate Zambia’s economic development by promoting investment and competitiveness of businesses and promoting exports from the country. 

“We also have the Public Private Partnership (PPP) and Privatisation programme that allows foreign investors to partner with local entrepreneurs on various projects” he explained. 

He added that ZDA facilitates a One Stop Shop which facilitates business and company registration within 24 hours allowing the private sector to settle quickly and start doing business in the country.