ZDA signs MOUs to boost investment and policy research
The Zambia Development Agency (ZDA) has signed two landmark Memoranda of Understanding (MOUs) aimed at strengthening investment promotion and advancing evidence-based policy formulation.
The agreements were signed at ZDA headquarters in Lusaka, one with the China-Shanghai Cooperation Organization (SCO) Economic and Trade Exchange Center Guangdong–Hong Kong–Macao Development Committee and another with the Southern African Institute for Policy and Research (SAIPAR).
ZDA Director General Albert Halwampa said the MOU with the China-SCO Center provides a framework for ‘bigger things to happen' across Zambia's investment landscape.
Mr Halwampa explained that the collaboration spans across mining, agriculture, manufacturing, tourism and energy.
“We are so happy that today we are signing this very important memorandum of understanding that provides a framework for greater collaboration,” he said,
He said that Zambia offers competitive incentives such as tax concessions and VAT relief to attract investors.
Mr Halwampa further announced that a joint implementation committee will be formed immediately to monitor progress and ensure tangible results.
And speaking through his interpreter, China-SCO Economic and Trade Exchange Center Director Wang Ruicai said the agreement will serve as a blueprint for expanding trade, diversifying investment and optimizing trade structures.
He added that it will encourage Chinese enterprises to invest in Zambia while opening access for Zambian businesses to the fast-growing Greater Bay Area economy.
Meanwhile, ZDA also signed a second MOU with SAIPAR, that will strengthen research, policy advice and linkages that guide investment strategies.
SAIPAR Executive Director Manenga Ndulo welcomed the agreement, stating that it will foster impactful research and stronger engagement between policymakers and researchers.
“With this partnership, we reaffirm our shared commitment to promoting evidence-based policy. Ultimately, that is the most important thing we are trying to achieve,” Prof. Ndulo said.
First, please LoginComment After ~