ZDA claims $18.74 billion recorded in committed investments for 2024

The Zambia Development Agency (ZDA) has reported US$18.74 billion in committed investments across various sectors in 2024, with US$9.83 billion already actualised.

At a press briefing in Lusaka on Monday, ZDA Director-General, Albert Halwampa, disclosed that 497 projects contributed to the actualised investments, reportedly creating 40,395 jobs.

The manufacturing sector led job creation with 13,497 positions.

“The mining, manufacturing, transport, service, and agriculture sectors accounted for $3.43 billion, $3.36 billion, $1.19 billion, $792.34 million, and $487 million respectively,” Halwampa said.

Other sectors contributed $561.1 million.

Halwampa highlighted key investment drivers, including Zambia’s successful debt restructuring, which restored debt sustainability and bolstered investor confidence.

He credited the agency’s 2024 performance to strong political leadership, noting, “President Hakainde Hichilema has opened many strategic doors, promoting investment and increasing investor confidence.”

Looking ahead to 2025, ZDA is optimistic about leveraging the restored investor trust to attract even greater investment inflows.

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