Zambia records increased investments -ZDA

The Zambia Development Agency (ZDA) has announced that Zambia has recorded an increase in both local and foreign investments of over three Million Dollars in 2022.

ZDA Acting Director General, Albert Halwampa says as a result of this increased investment, 74, 679 jobs have been created in 2022 compared to 24, 585 jobs recorded in 2021

Dr. Halwampa explains that key sectors of this investment include manufacturing, energy, Mining, Transport, Agriculture and Construction.

He says this investment is driven largely due to consistency in policy statements by government and a stable investment environment.

Dr. Halwampa further says the stability in macro fundamentals are also driving the huge investments coming into the country.

The ZDA acting Director General, has further revealed that Zambia’s export earnings increased to Eleven point Seven Billion United States Dollars in 2022 from Eleven point One Four in 2021.

He cites the Democratic Republic of the Congo (DRC) as being one of Zambia’s biggest market partner especially for the country’s non-traditional exports such as copper.

Dr. Halwampa explains that the Congo market has so far accounted for One point Five Billion United States Dollars in exports in 2022 compared to One Billion United States Dollars in exports in 2021.

He says the Congo market has been boosted mainly due to President Hakainde Hichilema’s interventions.

ZANIS reports that Dr. Halwampa said this during a media briefing on the performance of the agency in 2021.