ZDA seals investor road map deal

THE Zambia Development Agency (ZDA) has signed a memorandum of understanding (MoU) with Boston Research and Intelligence Group (BRIG) on the production of Zambia’s 2017 investor road map aimed at attracting more foreign direct investment (FDI) into the country.
ZDA director general Patrick Chisanga signed on behalf of the agency while BRIG director Baiba Petrusevica signed for her organisation.
Mr Chisanga said the MoU will enable BRIG, in partnership with ZDA, to produce a publication that will highlight the various investment opportunities in Zambia.
Speaking during a signing ceremony in Lusaka yesterday, Mr Chisanga said Zambia competes with other countries to attract FDI, hence the need to enhance the investment attraction markets.
“We have been reflecting on how best we can increase footage in the investment attraction markets.
“We have published sector profiles and other promotion materials but this time, we have decided to produce a book which is going to sell Zambia’s investment opportunities in a special way,” he said.
Mr Chisanga said the publication will include profiles and analyses on Zambia’s economy from President Lungu and other economic ministries such as Commerce, Trade and Industry and Finance.
He said the book will also contain inputs from investors who are already in Zambia and those that are aspiring to come.
Ms Petrusevica said Zambia has become one of the leading investment destinations in Africa because of its investment incentives.
Ms Petrusevica said the projection by the African Development Bank (AfDB) that Zambia’s gross domestic product (GDP) will grow by 4.9 percent in 2017 gives Zambia an opportunity to lure more investors to enhance national development.
“Zambia’s investment profile needs to be sold to a wider audience worldwide.
“Viewpoints from various notable economic players in the private and government sector will make this project a success,” she said.
Ms Petrusevica said the project will help Zambia acquire the needed investment in the various sectors which will help enhance economic diversification.
She said the publication is scheduled for release in the second quarter of this year.

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