Matongo Matamwandi, Investment Promotion Director at the Zambia Development Agency (ZDA), recently announced that investment opportunities in infrastructure, particularly in roads, railways and energy infrastructure are unlimited.
In addition, opportunities exist in the Zambian tourism sector to build ultra-modern hotel lodges and conference centers.
“Some of the specific projects available for development include flagship lodges on the shores of Lake Itezhi-Tezhi, located in Zambia’s largest national park that boasts around 22,000 square kilometers. The hotel and lodge developments range from 50 to 400 bed capacity, conference centers with at least 5,000 seating capacity and shopping arcades,” Matamwandi said.
He added that the redevelopment of the existing Mulungushi International Conference Centre in Lusaka into an ultra-modern international conference facility was another investment opportunity.
Matamwandi also mentioned that the Zambian Government has set aside 100,000 hectares in each of the 10 provinces in Zambia for commercial agriculture.
“There are opportunities to build backbone infrastructure such as roads, power and other social amenities in all the ten farm blocks,” he said.
He concluded that Zambia is a good place to invest following its track record of peaceful and democratic elections for many years with social and political stability as well as a healthy macroeconomic environment.