Hichilema launches Zambezi Economic Free Zone in Kazungula

President Hakainde Hichilema has launched the Zambezi Economic Free Zone in Kazungula District, Southern Province, which is projected to create over 1,000 direct jobs and transform the local economy.

Speaking during the groundbreaking ceremony of the 17,000-hectare development on Saturday in Kazungula, President Hichilema described the initiative as transformative, emphasizing its potential to stimulate economic growth and attract significant foreign investment.

The project, said to be spearheaded by investors from the United Arab Emirates (UAE), is situated in Chief Sekute’s area and aims to boost investment in key service sectors, including housing, healthcare, education, convention centers, and corporate headquarters.

“The anticipated benefits include skills development, technological advancements, and substantial infrastructure improvements,” said President Hichilema.

He added that the zone would position Zambia as a hub for global investment and innovation while delivering tangible benefits to local communities.

President Hichilema also highlighted the global recognition of free economic zones as catalysts for growth.

“These zones offer incentives, simplified regulations, and enhanced infrastructure, creating an environment conducive to investment, job creation, and the transfer of skills and technology,” he stated.

Posting on his official Facebook page, President Hichilema said the project was designed to attract investors, retirees, and workers from around the world, including Zambian stakeholders, encouraging their active participation in this unique development model.

The Zambezi Economic Free Zone is expected to drive economic development not only in Kazungula and Livingstone but across Zambia.

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