Zambia records 14.71 billion $ US increase in Trade, Investment
Zambia has recorded 14.71 billion United State Dollars increase in trade and investment from 2021 to date.
The 14.7 billion dollars is from the actualised investments of 89.31 billion dollars which were recorded from 2021 to date.
Speaking at a media briefing in Lusaka, Zambia Development Agency (ZDA) Director General, Albert Halwampa said from the actualised investments over 91,500 jobs were created, compared to 614,486 committed jobs across 779 companies in sectors such as manufacturing, mining, energy, among others.
He revealed that Manufacturing accounted for the largest share of actualised investments at USD 5.54 billion, followed by mining with USD 5.07 billion, while transport attracted USD 1.53 billion.
“Other investments were recorded in services, agriculture, energy, ICT, tourism, and related sectors. Provincially, Lusaka Province led with USD 7.29 billion (49.57%, followed by North-Western Province at USD 3.19 billion (21.66%), and Copperbelt Province with USD 2.92 billion (19.85%),” Mr Halwampa stated.
“In terms of employment, the investments have resulted in 91,522 actualised jobs, against a projected 614,486 jobs, with manufacturing and mining emerging as the leading job-creating sectors. The Copperbelt recorded the highest number of jobs at 35,216, followed by Lusaka Province with 31,382 jobs,” he said.
Mr Halwampa emphasised that the figures are not conclusive, as they only represent companies that were able to confirm their investment status, adding that the Agency will continue monitoring registered investments to fully capture their economic impact.
He attributed the growth in trade and investments to President Hakainde Hichilema’s leadership, say president Hichilema has restored investor confidence by prioritising policy consistency, fiscal discipline and transparency.
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