Trade And Investments
Key Priority Areas
The Government of the Republic Zambia aims to achieve middle-income status by 2030, as outlined in its national development plan, 'Vision 2030'. This aspiration is being realized through the Eighth National Development Plan (8NDP), a strategic framework guiding Zambia's development from 2022 to 2026. The 8NDP focuses on economic transformation and job creation as essential pillars for sustainable growth.
Under the leadership of His Excellency, President Hakainde Hichilema, Zambia is making significant strides toward economic stabilization and recovery. The President has prioritized enhancing the economy through strengthened trade and investment partnerships with other nations, fostering long-term growth and development.
Aligned with the objectives of the 8NDP and Zambia's Foreign Policy of economic diplomacy, the Zambian Mission in Ankara is committed to promoting trade and investment ties between Zambia and Türkiye, as well as with its countries of extra accreditation namely Azerbaijan, Georgia, the Hashemite Kingdom of Jordan, and North Macedonia.
The Mission prioritizes key sectors vital to Zambia's economic growth and transformation agenda, including agriculture, mining, Tourism, manufacturing, and infrastructure development. It actively facilitates government-to-government interactions, promotes Public-Private Partnerships, and attracts Foreign Direct Investment (FDI) to drive sustainable development and create economic opportunities.
Mining
Zambia is the world's eighth producer of copper. The mineral is the country's largest traditional export. With the global copper prices booming in the recent years, there are a lot of opportunities for investment in exploration, mining services, water management, engineering, construction and environmental services. Zambia is also home to other precious minerals such as gold, silver, gemstones and industrial minerals that pose as potential for extraction and investments.
Manufacturing
Zambia's main manufacturing activities are food and beverages; textile and leather industries; wood and wood products; fabricated metal products; cement; and production of components for electric vehicles, among others.
Zambia prioritizes production capacities as critical to achieving structural economic transformation. Therefore, Government has declared seven areas as Multi-Facility Economic Zones (MFEZ's) or industrial parks which apply to all eligible investors from Zambia and abroad.
Energy
Demand for electricity has grown at an annual rate of about 3%, and generation development is starting to grow. Investment opportunities exist in electricity generation especially for renewable energy which has grown significantly.
In addition, Zambia has abundant renewable energy sources such as wind, solar power and hot springs for geothermal energy. All these areas require investments.
Infrastructure
Building and construction is Zambia's other concern to promote economic development because of the largest industrial and private sectors demand for housing and office space, mining, energy and ICT infrastructure. The government has further actualized the use of public-private partnership models of infrastructure development that require domestic and foreign direct investment.
Agriculture
Agriculture plays an important role in Zambia's economy; therefore, investments in improved agronomic practices, mechanization and access to improved inputs such as seeds, fertilizers and value addition in cold chain storage and food processing is highly recommended.
The government has established farming blocks to facilitate investments in agro-processing opportunities and growing of other non-traditional crops which require a number of investment. Investment in the production of modern agriculture technologies such as irrigation system is also required.
Tourism
Zambia's tourism industry has grown steadily over the years, with a vast array of tourist attractions ranging from wildlife, waterfalls and traditional ceremonies, among others. The bulk of investment opportunities in the Tourism sector are in the services offered to tourists such as accommodation, restaurants, entertainment facilities, sports facilities and safaris.
Information Communication Technology
The Zambian government has taken positive steps by creating a Ministry of Technology and Science to enable creation of new opportunities in the provision of retail fiber, mobile, internet service providers, software development and sales.
