Board claims Impact Investment facilitated over $44 million for Zambian enterprises

The National Advisory Board for Impact Investment (NABII) Zambia has facilitated over US$44 million in impact investments for local enterprises across various sectors over the past four years.

Simunza Muyangana, NABII Board Chairperson, highlighted this achievement during the 4th Zambia Impact Investment (ZII) Summit, held from October 9 to 10, 2024, at Ciela Resort in Chongwe District.

He attributed the success to strong collaboration among cooperating partners.

This year’s summit was themed “Leveraging Impact Investing for Zambia’s Sustainable Future,” a topic Muyangana noted was timely, as Zambia faced challenges related to climate change.

On international investment interest, USAID Mission Director, Peter Wiebler, pointed out that Zambia presented a significant opportunity despite facing hurdles such as drought and limited energy access.

He stressed the importance of taking action on reforms to unlock the country’s economic potential.

“Zambia has substantial international investment interest, but companies will only commit if the business environment facilitates ease of doing business and outweighs the risks,” Wiebler said.

He underscored the need for commitment and political will from both the government and private sector.

Wiebler added that creating a stable and predictable business environment was essential to attract investment and position Zambia as globally competitive for business and job creation.

Prospero Limited Chief Executive Officer, Mutumboi Mundia, also noted the significance of this year’s theme, emphasizing the importance of impact investing in fostering a resilient and inclusive economy.

Mundia praised the collaboration with NABII in developing Zambia’s impact investment ecosystem to drive capital toward achieving the Sustainable Development Goals (SDGs).

The summit, she said, had supported investment matchmaking, allowing local small and growing businesses to scale, innovate, and contribute to national development goals.

She further stressed the importance of continued policy advocacy with regulators such as the Bank of Zambia to create frameworks that accelerate capital flows and drive meaningful change in communities.

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