Foreign direct investment (FDI) earnings in Zambia have continued to rise over the past 10 years due to a good geographical location on the African continent and the “outstanding” political stability in the country, according the Zambia Development Agency (ZDA).
ZDA director general, Patrick Chisanga, said in a statement that Zambia was located close to two key regional trade markets such as the Common Market for Eastern and Southern Africa (Comesa) and the Southern African Development Community (SADC), giving it access to over 750 million people in addition to the 14 million people in the country.
According to him, the ZDA is harnessing FDI by directing investments into the priority sectors identified by government, including agriculture, manufacturing, energy, tourism and mining sectors.
“Government wants the country to move beyond exporting raw materials and start adding value to the raw products in order to enhance industrialisation, job and wealth creation. Furthermore, significant efforts are being made to attract investment in the tourism sector by promoting investment in infrastructure such as hotels and roads,” Chisanga said.
