Zambia Development Agency (ZDA) has recorded a conservative estimate of $1.65 billion United States Dollars in investments and over 9,500 jobs, in the first quarter of this year.
Speaking during a press briefing in Lusaka, ZDA Director General Albert Halwampa, says that 70 percent of the realised investments is in the manufacturing and energy sector.
He said the agency recorded a cumulative $16.4 billion in actualised investments from 2021 to this quarter and 109,488 in actualised Jobs, against a total committed investments of $92.01 billion.
Mr Halwampa however noted that the actualised investments remained highly concentrated in Lusaka Province, which nearly accounts for two-thirds of total realised investments and a high concentration of job creation in Manufacturing, followed by agriculture and Services.
He added that ZDA will continue supporting provincial expos and implementing other targeted interventions to promote a more balanced regional investment and unlock opportunities in underserved areas.
“Job creation is equally highly concentrated in Lusaka Province, accounting for nearly 90 percent of total jobs actualised,” he said, “This underscores the need to promote more geographically balanced investment and employment outcomes, in line with the Government’s decentralisation and inclusive growth agenda.”
Mr Halwampa attributed the achievement to good leadership by President Hakainde Hichilema that has led to robust and consistent policies that promote investment and stable macroeconomic and fiscal policy fundamentals.
He further assured investors that Zambia will continue to experience peace as a valuable constant that safeguards and promotes more investments and remain as a natural hub that promotes any investment even as the country goes to the august pools.
Okay , but i hope these investments are not the low hanging fruits called “real estate” where the only jobs created are cleaners and maids.
With all these billions apon billions pouring in is this an election stunt ???
Who got these jobs? Did they do like the police jobs? Where did they advertise the jobs? People at the age they are must stop lying. They are not dealing with children or their grandchildren. No such jobs existed in Zambia. May be they were for some tribe.
It’s like mulungushi/China 800 jobs !!!
More like 8 ????
Funnt how as elections draw near all these amazing figures start appearing
They fake us for f00ls I guess and appears we are
Just because your relatives can’t work, have no work ethics…………
Or want jobs to be forced on them at their doorstep without any effort from them…..,,,
Does not mean a massive amount of jobs have not been created and massive investments have not been realised………
Tell the lazy bagaz that foreigners are dying to stay and work in Zambia
We are here
FWD2041
HH is, has been, will be a disaster for a long time. Your friends left mealie meal at K90, fuel at K17, fertiliser at K650. You take prices to over 100% and proudly claim you have worked and want another term. Loadshedding took 4 years, only for Zambians to be saved by the impending elections, strangely in all this, there are some Zambians applauding and praising him.smh
Kaya Mwe
Apparently there is a phenomenon called inflation which ever country suffers from , look it up……….
By the same token , how much did PF find MMD prices ??? , MMD prices were very low but PF incompetence pushed up prices above even the inflation standard……fuel was at K5 !!!!
FWD2041
I’m personally very worried about the ability of the ZDA to properly screen who should invest in Zambia. I very much doubt if there’s capacity to keep out dangerous characters out of our country and economy. The impression I have from a distance is that ZDA is a starry-eyed organisation that thinks that everyone wishes Zambia well. The world is a dangerous place and perhaps becoming more so.
Screening ?? this grz doest even know the meaning of the word
All they good at is giving away our valuable assets and traveling the world looking for investors
I dont know how many times I’ve asked @SPAKA to find a worthy challenger so we can all work/pull togather to make zambia the country it should be after all these years of false promises
Traveling round the world looking for investors? They travel for their own personal business. Check who has money in Zambia. There are no successful entrepreneurs in the country except for cabinet ministers
Fake figures and numbers. Remove a good number of zeros from those to come to the actual figures.
Kikikikikikiki $1.65 billion investments!
Why are we having so many unemployed, so many streetvendors, streetbeggars? Why is our youth unemployment rate at 56.3 percent according to ILO?
OK perhaps now we know…. The government is pocketing all that money. These politicians!