SA BUSINESSPEOPLE URGED TO INVEST IN THE ZAMBIAN MANUFACTURING SECTOR

SA BUSINESSPEOPLE URGED TO INVEST IN THE ZAMBIAN MANUFACTURING SECTOR

Zambia’s manufacturing sector has great potential and the abundant natural resources present investment opportunities to South African firms. This was said by the Director of Investments at the Zambia Development Agency (ZDA), Ms Agness Chaila. Chaila was speaking during the trade and investment seminar that was hosted by the Department of Trade and Industry (the dti) in Zambia yesterday as part of the Outward Selling Mission (OSM) to Zambia.

Chaila added that the Zambian manufacturing sector presented the most viable opportunities for South African businesspeople because of the country’s abundant natural resources and required labour force.

According to Chaila, South African firms can access investment opportunities in this sector which accounts for about 11% of the country’s Gross Domestic Product (GDP). 

“Zambia is also in need of infrastructure development and with their extensive experience, South African businesspeople can partner with local firms to access investment opportunities that this sector has to offer. The eighty-thousand kilometre roads projects is one example of an investment opportunity for the South African firms,” said Chaila.

She reiterated that Zambia was open for business.

“We are inviting businesspeople who will partner and take advantage of our priority sectors especially the agricultural, energy, manufacturing, infrastructure, tourism and the mining sectors,” added Chaila.

The mission continues today with business-to-business meetings and site visits to the Lusaka South Economic Zone and Roma Industrial Parktomorrow.

The South African businesspeople taking part in the mission are from the agro-processing, built environment professionals, capital equipment, electro-technical, infrastructure, metals, chemicals and pharmaceuticals sectors.