Industrialization is a Key Economic Driver – Chipoka Mulenga

Zambia’s manufacturing sector has emerged as a significant contributor to the country’s economic growth, accounting for 9.3% of the Gross Domestic Product (GDP). This milestone is attributed to the Government’s efforts to promote industrialization and attract investments.

The sector has attracted $5.54 billion in actualized investments, surpassing mining and transport. Notable investments include:

✅- Proton Electro Cables Zambia: Building wire and electric cables

✅- Uniflex Wires and Cables Ltd: Electric cables

✅- United Capital Fertilizer (UCF) Zambia Limited: Fertilizers

✅- PDV Metals: Steel plant

✅- Trade Kings Group: Dairy and starch processing

These investments have created over 7,000 direct jobs and contributed to Zambia’s economic transformation. The Government’s visionary leadership and policy direction have driven this growth, making Zambia an attractive destination for investors.

Meanwhile, The Zambia Association of Manufacturers (ZAM) has praised the Government’s efforts, citing improved exchange rate stability, reduced inflation, and increased private sector investment.

Meanwhile, The Zambia Chamber of Commerce and Industry noted that 2025 is shaping up to be a pivotal year for Zambia’s economy, marked by exchange rate stability, reduced inflation, and increased private sector investment, particularly in the energy sector.

With the African Continental Free Trade Area (AfCFTA), Zambia’s manufacturing sector is poised for even greater growth.

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