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The Zambia Development Agency (ZDA) has reportedly approved a US$600,000 loan facility under the Zambia Export Development Fund (ZEDF) aimed at strengthening the country’s export sector, with a strong focus on youth-led businesses and small enterprises supplying the mining industry.
The funding initiative is designed to accelerate the growth of Zambia’s non-traditional exports, create employment opportunities, and enhance the competitiveness of local industries in regional and international markets.
In a statement issued on Wednesday, of the total amount, US$400,000 has been earmarked specifically for youth-led export businesses.
“The allocation underscores a deliberate push to empower young entrepreneurs, many of whom face challenges accessing financing through conventional banking systems,” the statement read.
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An additional US$200,000 has been allocated to Small and Medium Enterprises (SMEs) that supply goods and services to the mining sector.
The move is expected to strengthen local manufacturing capacity, reduce reliance on imports, and increase Zambian participation in the mining supply chain.
ZEDF Fund Manager, David Chewe, said the targeted investment in youth reflected a forward-looking approach to trade and economic growth.
“The focus on youth-led businesses is a strategic move to position young entrepreneurs as key players in Zambia’s export economy. This support will enable them to compete effectively at both regional and global levels,” he said.
Under the allocation, US$200,000 will support apiculture initiatives aimed at improving honey processing, value addition, and organic certification for export markets.
Another US$200,000 will go toward strengthening the livestock sector through improved cold-chain systems, supply chain efficiency, and compliance with export standards.
The remaining US$200,000 dedicated to mining supplies will help build the capacity of local manufacturers, enabling them to produce industrial goods domestically and reduce import dependency.
ZDA Head of Communications and Public Relations, Kwali Mfuni, said the initiative demonstrated the agency’s commitment to inclusive economic growth and export diversification.
“This financing facility is a clear demonstration of ZDA’s commitment to supporting Zambian businesses, particularly youth and SMEs, to actively participate in export trade.
“By investing in these sectors, we are not only promoting economic diversification but also creating sustainable jobs and strengthening local industries,” Mfuni said.
The total approved financing of US$600,000 is expected to play a significant role in advancing Zambia’s export-led growth strategy while fostering innovation and resilience among local enterprises.
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