Economy

Musokotwane calls for increased investment in agro-processing, tourism, mineral value addition

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Finance and National Planning Minister, Dr. Situmbeko Musokotwane, says there is need to scale up investment in agro-processing, sustainable tourism infrastructure, mineral value addition, and regional transport corridors to unlock Zambia’s full economic potential.

Musokotwane said such investments would strengthen domestic value chains, boost export competitiveness, and enable the country to fully harness the capabilities of its youthful population.

He made the remarks on Tuesday at his office in Lusaka when Turkish Ambassador to Zambia Huseyin Dicle paid a courtesy call on him.

The Minister noted that these priority areas aligned with Zambia’s broader ambition to transition from being landlocked to “land-linked,” while positioning itself for long-term, future-ready growth.

“Zambia is keenly interested in attracting large-scale Turkish investments in mining, railways, tourism, and agriculture; these sectors sit at the centre of the country’s growth and diversification agenda,” Musokotwane said.

He highlighted Turkey’s strong economic performance as one of Europe’s most dynamic economies and emphasized the potential for mutually reinforcing growth through well-targeted Turkish investments in Zambia’s productive sectors.

Musokotwane explained that increased participation by the Turkish private sector would support value addition, industrial expansion, and job creation, thereby contributing to shared prosperity for both countries.

“Under the New Dawn Administration, agriculture, tourism, manufacturing, mining, and transport and logistics are not viewed merely as economic pillars, but as critical drivers of inclusive socio-economic transformation,” he stated.

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The Minister said he was confident that the engagement with Ambassador Dicle would translate into concrete investment outcomes aligned with Zambia’s long-term development goals, while deepening mutually beneficial economic cooperation with Türkiye.

He added that the bilateral meeting reflected Zambia’s deliberate transition into the next phase of its development momentum—one characterized by ongoing economic reforms, safeguarded macroeconomic stability, and heightened emphasis on growth, investment, and job creation.

“Partnerships anchored in productive investment and private-sector participation are central to sustaining the growth trajectory and ensuring that the gains from stability are converted into broad-based economic opportunity for Zambians,” Musokotwane emphasized.

Meanwhile, Ambassador Dicle reaffirmed strong interest from the Turkish private sector in Zambia’s mining landscape and noted that the introduction of regular air flights had significantly improved connectivity between the two countries.

He said enhanced air links were already facilitating business engagements, investment exploration, and increased tourism flows, thereby strengthening the practical foundations of bilateral economic cooperation.

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