Zambia ranks third in Africa for investment attractiveness, says Halwampa

Zambia has climbed to third place in Africa for investment attractiveness, a rise that underscores growing investor confidence in the country’s economic and business environment, the Zambia Development Agency (ZDA) Director General, Albert Halwampa has said.

Speaking at the Zambia Mining and Investment Insaka in Lusaka on Wednesday, Halwampa highlighted that the jump from 12th to 3rd position in the 2024 Fraser Report reflects the impact of recent economic reforms and policy measures aimed at improving Zambia’s investment climate.

“This is a clear sign that the reforms and measures implemented over the last four years are bearing fruit,” he said in his presentation on Zambia’s Investment Climate, “Zambia is now recognised as one of the most promising destinations for investment in Africa.”

Halwampa further cited an International Monetary Fund (IMF) report projecting Zambia to be among the top ten fastest-growing economies on the continent by 2025, adding that this forecast reinforced the country’s economic momentum.

He noted that Zambia’s status as Africa’s second-largest copper producer, after the Democratic Republic of Congo, strengthened its position in the global energy transition, particularly in supplying critical minerals for electric vehicles and battery manufacturing.

“With the ongoing global shift toward clean energy, Zambia is strategically placed to benefit from the growing demand for copper and other key minerals,” he said.

Halwampa disclosed that Zambia had recorded investment pledges worth about US$86 billion over the past four years, with approximately US$12 billion already actualised.

He added that the country’s projected six percent Gross Domestic Product (GDP) growth for 2025 reflected sustained economic recovery and resilience.

“These achievements speak to a stable and investor-friendly environment. We are seeing positive movement across various sectors, and this is only the beginning,”Halwampa said.

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