Zambia Development Agency (ZDA) Director-General Patrick Chisanga said the agency was reviewing among other things the threshold that one should have at least 500,000 U.S. dollars to invest in the Multi-Facility Economic Zones, according to state-broadcaster, the Zambia National Broadcasting Corporation.

investment
investment

The official said the threshold was acting as a barrier for Zambians to invest within the zones, hence denying them an opportunity to enjoy the incentives that come with investing in the zones.

The investment agency, he said, wanted to see many Zambian investors enjoying the incentives provided by investing in the zones as the facilities were not restricted to foreign investors only.

He said there was currently interest from some local investors to invest in the Lusaka and Chambishi Multi-Facility Economic Zones.

The Multi-Facility Economic Zone is a government program introduced to Zambia in 2005 by the Japanese government. The aim is to create a platform for Zambia to achieve economic development by attracting significant domestic and foreign direct investment through a strengthened policy and legislative environment.

The zones are special industrial zones for both export-oriented and domestic-oriented industries. Enditem

Source: Xinhua

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