ZDA calls on French companies to invest in Zambia
Breaking News Zambia
Top StoriesZambia Development Agency (ZDA) has called on French companies to invest in Zambia through partnerships and joint ventures to support the country’s economic growth ambitions under the Grow Zambia Agenda. ZDA Director General, Albert Halwampa says partnerships with French…
Zambia Development Agency (ZDA) has called on French companies to invest in Zambia through partnerships and joint ventures to support the country’s economic growth ambitions under the Grow Zambia Agenda.
ZDA Director General, Albert Halwampa says partnerships with French companies would enable Zambia to expand local production, supply the domestic and regional markets, and increase exports to international markets, including France.
Speaking during the signing of a Memorandum of Understanding (MoU) between the Zambia Development Agency (ZDA) and the Movement of the Enterprises of France (MEDEF) in Lusaka, Mr Halwampa noted that Zambia has a stable economic environment, improved investor confidence and access to regional markets.
“I am sure you all agree that our economy is very stable, looking at all the macroeconomic fundamentals,” Mr Halwampa added.
He cited the country’s strategic location, sharing borders with eight neighbouring countries, as well as its membership in regional trade blocs such as the Southern African Development Community (SADC) and Common Market for Eastern and Southern Africa (COMESA), as key advantages for investors
Mr Halwampa also encouraged French companies to explore opportunities in renewable energy, including solar, wind, hydropower and waste-to-energy, as well as manufacturing, mining and mineral value addition.
He assured investors that ZDA would facilitate their entry into the Zambian market, support the implementation of investment commitments and provide aftercare services to ensure their businesses thrive.
“We are very happy that today we are able to come to this moment, and we are committed as ZDA to ensure that we facilitate the investment of French companies in Zambia,” he further added.
Mr Halwampa further assured the delegation that Zambia remained a peaceful and secure investment destination where investors could enjoy returns and repatriate profits after meeting their tax obligations.
Meanwhile, President of the France East Africa Business Council of MEDEF International, Céline Gouveia, said the delegation of French companies had identified investment opportunities in Zambia following engagements with various government ministries and institutions.
Ms Gouveia highlighted that the delegation, comprising companies from different sectors, including mining, energy and transport, was interested in establishing long-term partnerships with Zambian businesses.
“Companies such as Alstom, Imerys and Africa Global Logistics (AGL) which are already established here in Zambia, are definitely here to support you,” she added.
Ms Gouveia thanked ZDA for facilitating meetings with relevant stakeholders, saying the signing of the MoU marked the beginning of stronger economic cooperation between Zambia and France.
She disclosed that the delegation was keen to move beyond diplomatic engagements and translate the growing relationship between the two countries into concrete business partnerships and investments.
Community Feedback