Business

Zambia continues to woo investors

TRYNESS MBALE, Lusaka
INTERNATIONAL interest in Zambia remains high with investors keen to explore non-traditional sectors, Pangaea Securities chief executive Caesar Siwale notes.
Mr Siwale said increasing investment is coming into the fast moving consumer goods, telecommunications, media, technology, logistics, distribution, infrastructure and construction as well as agri-processing.
“There is an increasing awareness of the opportunities outside of the mining sector and this is something that could be the catalyst for the transformation of our economy from its reliance on mining to a diversified sector that not only attracts foreign direct investment (FDI) inflows but creates employment opportunities,” Mr Siwale said in a statement issued in Lusaka on Tuesday.
Mr Siwale said the international community is attracted to Zambia because of the country’s potential for economic growth supported by good economic policies and a stable political environment.
He cited the logistics and distribution sector as having potential which is yet to be fully maximised on its geographical position to be a hub for the region.
He also said Zambia is well positioned to become a logistics hub for the region’s major industries like manufacturing, agriculture and mining.
“From our perspective, this is probably the most important sector for the entire Zambian economy as all sectors are heavily dependent on efficiency,” he said.
Meanwhile, Pangaea Securities has collaborated with the Zambia Development Agency to host an international Zambia Investment conference in December.
Mr Siwale said the conference will provide insights into the investment opportunities within the Zambian economy as international investors are looking for alternative sectors to explore.

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