Zambia Secures Strategic Partnership in Jiangsu to Boost Chinese Investment
Zambia Strengthens China Investment Ties as ZDA Establishes Representative Office in Jiangsu to Boost Foreign Investment
The Zambia Development Agency (ZDA) has secured a major strategic partnership with the Jiangsu Industrial Cooperation Association, an organization representing more than 5,000 enterprises, in a move aimed at significantly increasing investment inflows from the People’s Republic of China into Zambia.
The collaboration, formalized in Nanjing, Jiangsu Province, highlights growing investor confidence in Zambia and reinforces the country’s rising profile as a preferred investment destination in Africa.
As part of the partnership, the Association has offered ZDA complimentary office space to establish a representative office in Nanjing, along with support to recruit a staff member at no cost to the Government of the Republic of Zambia or the Agency.
The initiative is expected to strengthen Zambia’s on-the-ground presence in one of China’s most economically dynamic provinces, which has a Gross Domestic Product (GDP) exceeding USD 2 trillion.
Jiangsu Province is widely recognized as one of China’s largest economic hubs and a key source of outward foreign investment.
ZDA Director General Albert Halwampa described the partnership as a transformative step in Zambia’s investment promotion strategy.
Mr. Halwampa noted that the collaboration aligns with Zambia’s broader efforts to deepen economic cooperation with China and attract investment into priority sectors such as mining, energy, manufacturing, and value addition.
“Establishing ZDA’s presence in Jiangsu Province is a strategic milestone that will enhance investor engagement, improve information exchange, and position Zambia to attract high-quality investments.
This partnership provides a direct gateway to one of the most dynamic investment pools in the world,” he said.
Mr. Halwampa further stated that Zambia is targeting to attract investment equivalent to at least 10 percent, or approximately USD 2 billion, from Jiangsu Province’s investment base a move expected to accelerate the country’s industrialisation and economic transformation agenda.
He added that the provision of office space in Nanjing demonstrates confidence in Zambia’s investment environment and reflects the Government’s continued commitment to promoting trade and investment through stable and predictable policies, as well as improved macroeconomic fundamentals that have strengthened investor confidence.
Meanwhile, Zambia’s Ambassador to China, Ivan Zyuulu, welcomed the development, describing it as a positive gesture by the Jiangsu Industrial Cooperation Association and a strong signal of confidence in Zambia’s economic potential.
Association Director Chen Weimin, who hosted the Zambian delegation and provided a tour of the office and exhibition facilities, explained that the initiative responds to growing interest from Chinese investors seeking opportunities in Zambia.
He noted that the Association’s more than 5,000 member companies, with investments across multiple sectors, are keen to explore business and investment opportunities in the country.
The Zambia Development Agency and the Zambian Embassy in Beijing are currently undertaking a joint investment promotion roadshow in China aimed at positioning Zambia as a leading destination for foreign direct investment.
