THE Zambia Development Agency (ZDA) is set to launch a new strategic plan to outline among other key areas, implementation of its decentralisation policy.
The agency is mandated to among other areas, foster economic growth and development in Zambia through promoting trade and investment, and coordinated private-sector led economic development strategy.
ZDA director General Patrick Chisanga said in Choma on Wednesday that the agency would unveil its comprehensive strategic plan next month.
Mr Chisanga said, when he called on deputy Southern Province Permanent Secretary Douglas Ngimbu, that the new plan would highlight ZDA’s decentralisation policy in line with the Government’s desire.
“ZDA is not represented in most provinces and Government is emphasising on the decentralisation policy, so we are launching a new strategic plan next month to outline key areas such as implementation of this decentralisation policy by the agency, “he said.
Through the decentralisation policy, he said it would enable ZDA set up more offices in provincial town such as Choma to bring services closer to communities.
The policy would help accelerate the marketing of local investment opportunities to local and foreign investors thereby creating jobs.
On the other hand, the strategic plan, would outline more investment opportunities, enterprise development, trade and exports, and the Public Private Partnership (PPP
Mr Chisanga said ZDA was focusing on empowering the Zambian people through enterprise development aimed at promoting the growth of local enterprises through capacity building, business and market linkages.
He said Zambia has rich areas of investment citing priority sectors such as manufacturing, tourism, agriculture, energy, and mining industry.
Earlier, Mr Ngimbu said the province was in need of investors because each district had more untapped investment opportunities which could help in local job creation.
ZDA is doing a good job for this country by attracting Direct Foreign Investments.Keep it up !
Unfortunately, government failure to ratify already signed BIT’s does not help ZDA in its quest to attract direct foreign investment and instead limits DFI to the area attractive only to investors looking for “tax incentives”.
We hope the already signed BIT’s will be ratified soon to promote trade and investment in this Country