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Zambia recorded US$3.6 billion in Chinese investments in 2024, comprising 52 percent of total Foreign Direct Investment (FDIs), authorities have revealed.
The investment interest spans from agriculture, energy, manufacturing, infrastructure, tourism, mining, and digital economy, priority sectors identified by the Zambian government, according to Zambia’s Ambassador to China, Ivan Zyuulu.
Zyuulu said this during the Zambia-China Investment Cooperation Seminar held alongside the Invest Zambia International Conference at Mulungushi International Conference Centre in Lusaka on Friday.
He emphasized Zambia’s position as a prime destination for international investment, underscoring the country’s stable and conducive macroeconomic environment that actively supports both foreign and domestic enterprises.
“Zambia’s economy is on a strong upward trajectory, with growth projected at an impressive 6% in 2025, an indicator of the country’s resilience and investor-friendly reforms,” Zyuulu stated.
He also expressed profound appreciation to the Association of Chinese Corporations in Zambia and the China Africa Development Fund for their invitation and continued commitment to fostering cross-border investment partnerships.
Zyuulu cited the elevated Zambia-China diplomatic relationship, now recognized as a Comprehensive Strategic Cooperative Partnership, and traced its roots to the visionary leadership of Dr. Kenneth David Kaunda and Chairman Mao Zedong, now advanced by President Hakainde Hichilema and President Xi Jinping.
“The Zambian government has put forward several interventions to promote investment including, establishment of farm blocks across Zambia’s ten provinces (each reserving 100,000 hectares),” he said.
The others include the creation of Multi-Facility Economic Zones (MFEZs) with tailored incentives, provision of tax and investment benefits through the Zambia Development Agency (ZDA).
Zyuulu further highlighted Zambia’s stable political climate, sound macroeconomic fundamentals, and progressive trade frameworks including COMESA, SADC, and AfCFTA as pillars of its regional competitiveness.
Zyuulu reiterated the importance of partnerships, joint ventures, and capital mobilization to expand Zambia’s productive capacity, emphasizing the strategic role of institutions like the China Africa Development Fund in financing viable investments.
“Zambia is well positioned as a premier destination for investment and investors must take time to explore the many opportunities available through joint ventures, public-private partnerships, and long-term economic collaboration,” he said.
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