- Kenneth Kaunda International Conference Center
Powerful Diligent Veracious (PDV) Metals Limited is a Joint Venture between a Zambian-owned company called Nicho Investment Ltd and a Chinese-owned enterprise called PDV International (HK) Ltd. The company was registered in 2023 with ZDA and is located in LS-MFEZ. The Company is vertically integrated with mining and processing of iron ore to finished products and initially committed to invest USD 70.6 million and create 488 jobs.
PDV Metals was commissioned on the 7th of November, 2024 by the Republican President, Mr. Hakainde Hichilema. The project commenced operations within 11 months of its registration with the Agency, and has since actualised USD 130 million, almost double the committed investment and created 300 jobs.
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The Zambia Development Agency (ZDA) is a statutory body under the Ministry of Commerce, Trade and Industry (MCTI), established under the ZDA Act No. 17 of 2022.
The ZDA draws its mandate from the Investment, Trade and Business Development (ITBD) Act No. 18
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