Chief Government Spokesperson Cornelius Mweetwa has announced that Cabinet has approved two new Multi-Facility Economic Zones (MFEZs) in Zambia. The declarations aim to boost investment, create jobs, and accelerate regional economic growth.
The first approval covers a 15,000-hectare parcel of land under the Mukuni Development Trust in the Mukuni Chiefdom. The Mukuni Multi-Facility Economic Zone is expected to stimulate economic activities in Kazungula District by attracting industries, investors, and businesses to the area.
The second approval designates a 200.5857-hectare parcel of land in the town area of Monze District, Southern Province, as the Monze Multi-Facility Economic Zone. This zone is projected to attract investments totaling US$75 million, providing opportunities for industrial development and employment creation in the region.
In a statement released Tuesday, Mweetwa emphasized that the establishment of these zones aligns with government’s strategy to promote industrialization, diversify the economy, and create sustainable jobs. He highlighted that the Mukuni and Monze MFEZs will serve as hubs for economic growth, leveraging local resources and strategic locations to attract both domestic and foreign investors.
The Mukuni MFEZ is expected to transform Kazungula District into a commercial and industrial hub, improving infrastructure and access to services for local communities. Similarly, the Monze MFEZ will enhance regional trade and support the government’s broader vision of expanding Zambia’s industrial base.
Cabinet’s approval marks a significant step in Zambia’s economic development agenda, reinforcing the government’s commitment to fostering investment-friendly environments while supporting local communities through sustainable economic growth.
By designating these areas as Multi-Facility Economic Zones, Zambia aims to accelerate industrialization, increase export potential, and create jobs, positioning the country as a competitive investment destination in Southern Africa.