Zambia is undergoing a significant economic transformation driven by value addition, industrialization, and regional integration, with the goal of achieving sustainable and inclusive growth. The government continues to prioritize strategic sectors to strengthen the economy and attract both local and foreign investment.
According to Information and Media Director Spokesperson, Mr. Henry Kapata, the government is focusing investment efforts on five key sectors. In mining and mineral beneficiation, Zambia aims to leverage its rich mineral resources to stimulate growth and increase exports. In agriculture and agro-processing, the country is capitalizing on fertile land and abundant water resources to boost food security and promote agricultural exports. Green energy and infrastructure development is another priority, harnessing renewable energy potential to support sustainable development. Manufacturing and industrial parks are being expanded to enhance value addition and diversify the economy. Finally, tourism and cultural industries are being promoted to showcase Zambia’s natural beauty and rich heritage.
Zambia’s economic strengths include a liberalized economy, abundant natural resources, and preferential access to more than 400 million consumers through COMESA, SADC, and the African Continental Free Trade Area (AfCFTA), positioning the country as an attractive destination for investment.
Chinese investment has been a significant driver of Zambia’s economic development. Trade volume between China and Zambia reached nearly USD 7 billion in 2024, with Chinese imports accounting for over USD 5.3 billion, marking a 26% year-on-year increase. Key Chinese investments include JCHX’s re-launched operations at Lubambe copper mine, which has strengthened the mining sector, and ongoing dewatering work at Luanshya shaft 28, enhancing the country’s mining capacity. Chinese enterprises are also investing in chemicals, agriculture, and logistics, further supporting economic diversification.
The Wonderful Group has committed close to USD 1 billion to develop a new industrial park focused on tile and fertilizer production and thermal energy, creating opportunities for industrial expansion and job creation. These investments are contributing not only capital but also technology transfer, skills development, healthcare support, and education initiatives, underscoring the positive impact of foreign partnerships on Zambia’s broader social and economic development.
Through strategic investment in key sectors and strong international collaboration, Zambia is positioning itself for long-term sustainable growth. These efforts are creating jobs, enhancing industrial capacity, and promoting regional trade, establishing Zambia as a hub for innovation, development, and inclusive prosperity in Africa.