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The Zambia Development Agency (ZDA) and the Eswatini Investment Promotion Authority (EIPA) have signed an agreement to strengthen business ties and promote mutual investment and trade between Zambia and Eswatini.
The agreement outlined collaborative efforts to expand trade and investment, enhance institutional relations, and build capacity through shared expertise.
Areas of cooperation included investment promotion, trade facilitation, and the exchange of information on trade policies, regulations, and opportunities.
ZDA and EIPA would support technical exchanges, training, and partnerships, facilitating links between exporters and local markets in each country.
The two agencies also plan to organize business missions, participate in trade exhibitions, and implement a sustainable strategy for capacity-building initiatives.
Speaking at the signing ceremony in Lusaka on Thursday, ZDA Board Chairperson Biemba Maliti called for a clear strategy to implement the memorandum of understanding.
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“ZDA and EIPA need to work together to promote investment and skills transfer for economic growth in both countries,” Maliti stated.
ZDA Director-General, Albert Halwampa, stated that the partnership focused on sectors such as agriculture, tourism, infrastructure, energy, education, and trade policy harmonization.
He expressed commitment to ensuring the agreement benefits both nations.
EIPA Board Chairperson, Theo Hlophe, highlighted the importance of country-to-country collaboration, urging Zambia and Eswatini to leverage their land-linked positions to boost trade and investment.
EIPA Chief Executive Officer, Sibani Mngomezulu, echoed this, noting that the MoU would enhance seamless cooperation between the two agencies.
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