In a move to attract new investment and develop current investments in the Zambian Information Communication Technology (ICT) sector, the Zambia Development Agency (ZDA) and the Zambia Information and Communication Technology (ZICTA) have signed a Memorandum of Understanding (MoU) to cover a period of three years.
According to the Director General of the ZDA, Patrick Chisanga , the three-year partnership will focus on increasing investment in the sector through the mutual assistance and informational exchanges between the two agencies.
“The MoU targets to increase investment through research and policy analysis on issues relating to investment and exchange of information,” he said.
As a part of the MoU, ZDA will focus on promoting local and foreign investments across all sectors while ZICTA will provide technical support, education and connections to ensure that the goals are achieved.
Speaking at the signing ceremony, the Director General of ZICTA indicated the importance that the growth of the ICT sector plays in the growth and development of the country’s economy with a number of opportunities available in the telecommunications, internet service providers value added services, postal and courier service subsectors.
“The sector plays an important role in improving efficiency and innovation in the production of goods and services across all sections of the economy,” she said, “These opportunities if properly packaged and shared with prospective investors could have a huge impact on economic growth and job creation in Zambia.”