Zambia enjoys rapid economic growth

—The Zambia Development Agency (ZDA) says Zambia has continued to enjoy a rapid economic growth.

ZDA General Manager, Andrew Chipwende, says Zambia has been ranked as one of the fastest developing and strongest economies in Africa due to the rapid economic growth.

Mr Chipwende was speaking during a media breakfast which was held at InterContinental Hotel in Lusaka today.

“There is consistence in micro economic growth and increased investment in the mining sector because of the investor friendly environment,” he said.

Mr. Chipwende said the country has a favourable investment environment and abundant natural resources which have contributed to an average annual growth of over six per cent.

He added that the agency will focus on job creation which will attract investors in different economic sectors.

He said ZDA plans to attract US $4 billion dollars in terms of planned investment of the identified projects this year.

Mr Chipwende said the targeted sector is agriculture which is aligned to create jobs and industrialisation strategy which has been approved by government.

Mr Chipwende also disclosed that the Multi Facility Economic Zone (MFEZ) has attracted a large portion of investment.

He said the investments have been applied to build good road network and water articulation in Lusaka South.