Business

State to increase MFEZs – Chisanga

THE Zambia Development Agency

ESTHER MSETEKA, Lusaka
GOVERNMENT intends to increase the number of multi-facility economic zones countrywide to speed up national development.
Zambia Development Agency (ZDA) director-general Patrick Chisanga said in Lusaka recently that Government, through the ZDA, intends to increase the number of MFEZs to 10 to accelerate national growth.
He said Government wants to ensure that the country has specialised economic zones to host a number of industries, including new investment platforms and manufacturing centres.
Zambia currently has licensed MFEZs at Lusaka South, Lusaka East, Roma Park, all in Lusaka, and Chambishi Multi-facility Economic Zone near Kitwe.
Mr Chisanga said there is a zone planned for Kabwe to be called the Copper City.
He said currently there is an enhanced flow of new companies that have moved to the zones.
“This is relatively a new concept so you will understand that there has been a slow entry into the MFEZs, but I want to assure the nation that the pace is picking up. We are going to wrap up our marketing and exposure programmes such that entrepreneurs, investors, both local and international know about the existence of these MFEZs and the incentives that go along with investing in those places,” Mr Chisanga said in an interview last week.
Mr Chisanga said the newly-introduced public private partnership unit at ZDA will help in pursing major developmental projects that are yet to be achieved in the zones.
“ZDA is the gateway to Zambia’s economy and MFEZs are economic entities that have been created through the agency. We are in the business of looking for investors who come into the country to partner with local investors or even the Zambian government,” he said.
Last week, Ministry of Finance acting chief budget analyst, tax policy and revenue, Kayula Chimfwembe said lack of marketing of the MFEZs has led to them performing below par.

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