Zambia manufacturers claim government policies have attracted $4 billion in investments

Government’s deliberate policy reforms have fostered a business-friendly environment that has attracted over US$4 billion in manufacturing investments, particularly within the Lusaka Multi-Facility Economic Zone (MFEZ), according to the Zambia Association of Manufacturers (ZAM).

ZAM president, Ashu Sagar, said the Government’s policy reforms, along with targeted tax and non-tax incentives, had reinforced the private sector’s role as a key driver of industrial growth and job creation.

“These measures reflect Government’s unwavering commitment to industrialisation, private sector development, and inclusive growth,” Sagar said in a statement issued on Wednesday.

He made the remarks following the commissioning of Zambia’s first glucose and starch manufacturing plant, developed by Kingsworth Group Limited (KGL), a subsidiary of Trade Kings Group.

Sagar described the launch as a “monumental occasion” marking a major step in Zambia’s journey toward industrial transformation.

“As the country approaches its 61st Independence Anniversary, this project symbolises true economic independence,” he said.

“It showcases Zambia’s growing capacity to produce, innovate, and compete under the African Continental Free Trade Area (AfCFTA), positioning our nation as a regional manufacturing hub,” Sagar said.

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