QUARTER ONE

REPORT 2024
Quarter 1 Highlights

Top 10 Committed Investment by Source Country

Number of
Licences Issued 108
SOUTH
Total Committed AFRICA
Investment
Value Licenced
$
1.24bn Committed
Investment Value

Number of
Licences for 9 611.14m
$
Re-investments $ 60.05 million

Actualised
Investment
$
155.37m ZAMBIA CHINA
Committed Committed
Sector with Investment Value Investment Value

Highest Committed 40 313.19m

$ $
179.51m
Investment ($ 760.67 million)
Manufacturing

Sector with
Highest Number of 40 INDIA SOMALIA
Licences ($ 760.67 million) Committed Committed
Investment Value Investment Value
Manufacturing
$
57.4m 41m
$

Committed Investment by Province

The high number of projects in Lusaka is a depiction of the continued interest CONGO DR USA
of investors to invest in the Province which has well established supportive Committed Committed
Investment Value
infrastructure for investment. Below are the levels of investment by Province. Investment Value
$
6.75m $
5.55m
CENTRAL COPPERBELT EASTERN LUAPULA

UK ZIMBABWE
Committed Committed
Investment Value Investment Value

$289.46m $125.55m $0.3m $606.7m $

4.70m $
3.74m
LUSAKA NORTH- SOUTHERN WESTERN
WESTERN

SINGAPORE
Committed
Investment Value
$196.96m $4.78m $8.28m $10.82m
$
3.50m

Director General’s Summary

During the period under review, 108 investment projects Energy and Construction sectors with USD 235.4 million
were recorded against a target of 90, representing and USD 106.13 million, representing 18.9 and 8.5 percent
an achievement of 120 percent. From the recorded respectively. The remaining sectors collectively accounted
investments, USD 1.24 billion investment was committed for USD 140.65 million, representing 11.32 percent.
against a quarterly target of USD 2 billion, representing an
achievement of 62.1 percent.
The Manufacturing sector recorded the highest amount
of committed investment worth USD760.67 million, Albert Halwampa
representing 61.2 percent. This was followed by the Director General

Zambia Development Agency Zambia Development Agency @PromoteZambia Zambia Development Agency Zambia Development Agency www.zda.org.zm
 QUARTER ONE
REPORT 2024

His Excellency President Hakainde Hichilema graced the momentous opening of the Lobito Corridor Private Sector Investment Forum at Ciela Resort in Lusaka

Investment Licence Applications, Issuance and Renewals Committed Investment by Province

Q1 2024 Q1 2023 Luapula Province recorded the highest number of investment project
under the manufacturing sector. The Table below shows the levels of
No. of Applications Received 108 81 investment by Province.
No. of New Licences Issued 99 68
Committed Investment USD 1.24 billion USD 8.55 billion Province USD million
No. of Licences Renewed 9 11 Central 289.46
Eastern 0.3
Actualised Investment USD 155.37 million USD 122.01 million
Coperbelt 125.55
Luapula 606.7
Lusaka 196.96
Q1 2024 Investment by Sector and Source of Funds
North-Western 4.78
No. of FDI LDI Total Southern 8.28
Sector Investors (USD Million) (USD Million) (USD Million) Western 10.82
Agriculture 11 17.4 15 27.4
2024 Q1 vs 2023 Q1 Committed Investment Value by Sector
Construction 7 78.13 27.99 106.1
Energy 4 5.28 230.12 235.4 Q1 2024 Q1 2023

Health 2 1.5 4 5.5 No. of Total No. of Total

Sector Investors (USD Million) Investors (USD Million)
Manufacturing 40 730.08 30.62 760.7
Agriculture 11 27.4 12 47.1
Mining 1 20 0 20.0
Construction 7 106.1 4 63.7
Real Estate 4 4 0 4.0
Energy 4 235.4 5 8,111.5
Service 9 7.28 3.7 10.98
Health 2 5.5 0 0
Tourism 8 48.8 0 48.8
Manufacturing 40 760.7 21 240
Transport 22 15.95 0 24
Mining 1 20.0 2 35.9
Total 108 929.67 313.19 1,242.86
Real Estate 4 4.0 3 6.4
Service 9 10.98 7 6.9
Tourism 8 48.8 3 5.8
Transport 22 24 24 40

Total 108 1,242.86 81 8,557.32

Zambia Development Agency Zambia Development Agency @PromoteZambia Zambia Development Agency Zambia Development Agency www.zda.org.zm
 QUARTER ONE
REPORT 2024

Legal and Legislative Drafting Matchmaking Platform

During the period under review, the following legal processes were Implementation of the Virtual Deal Room
accomplished:
The Zambia Virtual Deal Room is a digital investment promotion platform to
i. Drafted the layman’s draft of an amendment to the Investment, Trade promote investment opportunities and track global interest. During the period
and Business Development Act No. 18 of 2022 relating to incentives under review, two projects in the energy and agriculture sectors have been
for expansion projects and extension of incentives to farm blocks; and identified and packaged for promotion on a trial basis.
ii. Signed an MOU between ZDA and Botswana Investment Trade Centre
(BITC).

Investment Promotion Foreign Direct Investment (FDI), Local

Direct Investment (LDI) and Reinvestment
Investment promotion actively seeks to bring investment opportunities to
the attention of potential investors and the initiatives undertaken are targeted
domestic and foreign enterprises. The table below outlines the foreign direct
investment and domestic direct investment.

FDI and LDI Investment Value – Q4 2023 (USD Million)

(USD Million)
Foreign Direct Investment 929.67 Operations
Local Direct Investment 313.19
During the period under review, the Agency continued to implement
Total 1,242.86 investment promotion programmes aimed at promoting Zambia’s investment
opportunities locally and internationally in order to attract local and foreign
investors in different sectors of the Zambian economy.
Collaborations with Stakeholders

Yellow Stripe
Zambia

CEO of BITS Mr Keletsositse Olebile and Director General of ZDA Mr Albert Halwampa during the signing
ceremony to amplify efforts to promote bilateral trade and investment with the goal of expanding trade
volumes, and addressing the trade imbalance between the two countries

Director General, Mr. Albert Halwampa during an interview at the

opening of the Lobito Corridor Private Sector Investment Forum at
ZDA staff during the quarterly Health and Wellness event held at Ciela Resort under the theme: “Building Healthy Relationships” Ciela Resort in Lusaka

Zambia Development Agency Zambia Development Agency @PromoteZambia Zambia Development Agency Zambia Development Agency www.zda.org.zm
 QUARTER ONE
REPORT 2024

New Investment Licences Issued by Country of Origin Q1 2024 and 2023

Q1 2024 Q1 2023
Country Total Investment (USD Million) Country Total Investment (USD Million)

Britain 5.8 Britain 7.9

Burundi 1.0 Canada 0.7
China 179.5 China 4,219.0
Congo DR 6.8 Egypt 2.0
Eritrea 2.0 Ethiopia 1.8
India 57.4 Finland 0.9
Kenya 3.5 Greece 1.0
Mauritius 2.1 India 22.8
Nigeria 1.0 Ireland 12.0
Pakistan 1.5 Lebanon 0.3
Russia 1.0 Luthiuania 2.1
Singapore 3.5 Nertherlands 45.4
Somalia 41.0 New Zealand 0.5
South Africa 611.1 Seychelles 3.2
Sweden 1.0 Somalia 0.3
Tanzania 2.2 South Africa 37.2
USA 5.5 Sweden 4.6
Zambia 313.2 Tanzania 5.6
Zimbabwe 3.7 Turkey 18.0
U.A.E 2,004.5
United Kingdom 2,091.8
USA 36.1
Zambia 21.0
Zimbabwe 18.8

Total 1,242.86 8,557.32

Physical Address Scan to view report

Investment House online
Nasser Road
P.O. Box 30819
Lusaka, Zambia

Email
[email protected]

Telephone
+260 211 220 177 | 222 858
www.zda.org.zm

Zambia Development Agency Zambia Development Agency @PromoteZambia Zambia Development Agency Zambia Development Agency www.zda.org.zm