2.6 billion United states dollars worth of investment from a total of 254 investment licences has been pledged by Foreign Firms wishing to set up businesses in the Country.

Once the pledges have been actualized, it is expected that over 11 thousand jobs will be created.

This is according to the Zambia Development Agency Director General Patrick chisanga, who said that the manufacturing sector tops the chart with 43 licences issued and 525 million United States dollars pledged investment.

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In the real estate sector the agency issued 36 licences worth a total of 293 million United States million dollars pledged investment.

Other sectors where the agency issued licences include agriculture, construction, education, health, information communication technology, mining, service, tourism and transport.

Mr. Chisanga said that the energy sector contributed 870 million United States worth of pledged investment.

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This is in line with the Agency’s blue print for the period 2016-2020,  in which it has identified five high level goals  that  will contribute to Government’s targets,  which are creating new jobs, ensuring local business participation in regional and rural development and capacity building of Micro, Small and Medium enterprises among others.

 Other goals are economic diversification, increased non- traditional exports and attracting foreign and local investment into strategic infrastructure and competitive sectors.

 

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