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A leading European technology and digital solutions firm, Austriacard Holdings, has announced a €50 million investment plan in Zambia to establish a high-tech manufacturing plant focused on secure digital technologies.
The facility, to be set up in Lusaka, will produce biometric Intrusion Detection Systems (IDS), Visa cards, security documents, and integrated vehicle and insurance systems.
Technology and Science Minister, Felix Mutati, disclosed this on Friday during an investment presentation held at the Mulungushi International Conference Centre, Kenneth Kaunda Wing.
His remarks were delivered on his behalf by Dr. Larry Mweetwa, a Director at the Ministry.
Mutati described the investment as more than just infrastructure, calling it “an investment in people, potential, and a shared vision for the future.”
“This project is fully aligned with President Hakainde Hichilema’s vision to place technology and science at the centre of Zambia’s economic transformation, as outlined in the 8th National Development Plan and the National Digital Transformation Strategy,” he said.
He emphasized that sustainable development requires embracing innovation, investing in local talent, and building inclusive digital ecosystems.
The €50 million project is expected to create over 500 direct jobs—many targeting young people—and facilitate the transfer of cutting-edge digital manufacturing and cybersecurity skills.
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“This investment will strengthen local value chains, reduce reliance on imported secure documents, and foster collaboration with TEVET institutions and universities to offer internships and apprenticeships,” he added.
The plant will also expected to adopt energy-efficient and sustainable manufacturing technologies, in line with Zambia’s green economy goals.
Mutati further noted that the investment positions Zambia to compete in regional digital trade under the African Continental Free Trade Area (AfCFTA), and to export digital security solutions to COMESA and SADC markets.
“To our European partners, let me be clear—Zambia is not only open for business, we are ready and committed to supporting your investment through targeted policy instruments and institutional facilitation,” he said.
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