By 
The Zambian government has claimed that the Multi-Facility Economic Zones (MFEZs) have attracted 90 fully operational companies, generating up to 20,242 jobs and bringing in an estimated US$5.6 billion in investment since their inception.
Chief Government Spokesperson Cornelius Mweetwa said that the MFEZs were playing a crucial role in fostering industrial and economic development by boosting exports, creating jobs, and facilitating rural industrialization.
In a statement issued in Lusaka, Mweetwa said the figures were established during a recent Cabinet meeting chaired by President Hakainde Hichilema at State House.
He further stated that the government considered Multi-Facility Economic Zones to be a key driver of industrialization and economic growth in Zambia.
Among the established economic zones, Mweetwa cited Chambishi MFEZ in Kitwe, Luano Industrial Park in Ndola, and Sub-Sahara Gemstone Exchange Industrial Park in Ndola, all located in the Copperbelt Province.
Read More: Multi Facility Economic Zone reportedly records K3.5 million profit after tax in 2023
He also mentioned Lusaka South and Lusaka East MFEZs, Roma Park, Jiangxi MFEZ in Chibombo District of Central Province, and Kalumbila MFEZ in Solwezi of North-Western Province.
Government also said that it had approved a 230-hectare piece of land in Ngwerere, Chongwe District, Lusaka Province, as a Fintech Multi-Facility Economic Zone.
According to Mweetwa, Cabinet expressed believe that this new development would increase economic activities in Chongwe District and help transform it from a largely rural area into a thriving economic hub.
He explained that the decision aligned with the Investment, Trade and Business Development Act No. 18 of 2022, which provided for the issuance of a Statutory Instrument when necessary to declare an area as a Special Economic Zone to attract significant domestic and foreign investment.
WARNING! All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express permission from ZAMBIA MONITOR.
Comments