ZDA Achieves $9.89 Billion in Realized Investments, Creating Over 40,000 Jobs
The Zambia Development Agency (ZDA) has successfully actualized $9.83 billion of the $58.78 billion in committed investments, translating into 497 projects across various sectors.
These initiatives, representing a commitment of $18.74 billion, have generated 40,395 jobs, surpassing the initial target of 38,119 jobs.
ZDA Director General Albert Halwampa highlighted the Agency’s intensified efforts to support investment projects that foster job creation and economic growth.
In 2024, ZDA ramped up its trade, investment, and business development activities through targeted trade missions and enhanced support services to boost competitiveness in key economic sectors. The year saw $6.91 billion in committed investments from 486 licensed projects.
“The energy sector led with $2.63 billion, followed by manufacturing with $2.33 billion, transport with $558.96 million, and mining with $481.56 million,” said Mr. Halwampa.
These projects collectively pledged to create 233,098 jobs—a 45% increase from the 160,280 jobs promised by 379 projects in 2023.
Mr. Halwampa noted that ZDA provides tailored business development services to support the growth of competitive, job-creating enterprises.
The Agency leverages both Local Direct Investment (LDI) and Foreign Direct Investment (FDI) to promote firm growth, job creation, and wealth generation.
He attributed the 2024 achievements to strong political leadership, successful debt restructuring that bolstered investor confidence, and intensified investment promotion activities.
Looking ahead, ZDA plans to host the inaugural Invest in Zambia International Conference (IZIC) in the second quarter of 2025. The event aims to attract over $1 billion in new committed investments.
Mr. Halwampa reaffirmed the Agency’s commitment to transforming committed investments into tangible projects and meaningful job creation, ensuring sustained economic growth for Zambia.
