The Zambia Development Agency (ZDA) has handed over 13 Multi-Facility Economic Zone (MFEZ) permits to companies establishing operations in the Golden Baobab MFEZ in Kafue, representing an investment valued at USD 195 million and projected to create 7,800 jobs.
The Golden Baobab MFEZ is an integrated industrial ecosystem spanning manufacturing, energy, transport, construction, and agro-processing. It is expected to position Zambia as a competitive regional hub for value addition and exports.
ZDA Board Chairperson, Prof. Biemba Maliti, said the milestone reflects growing investor confidence in Zambia’s policy consistency and ongoing economic reforms.
“MFEZs are central to the Government’s agenda of promoting value addition and economic diversification. Government remains committed to attracting quality investments that create decent jobs, particularly for young people,” said Prof. Maliti.
He urged the investors to honour their commitments by increasing industrial output, strengthening linkages with local businesses, and upholding environmental sustainability.
ZDA Director General, Albert Halwampa, described the development as further validation of President Hakainde Hichilema’s continued efforts to position Zambia as a preferred investment destination.
Mr. Halwampa noted that, under the President’s focused and decisive leadership, the country has experienced a turnaround driven by strong private sector growth and increased foreign direct investment (FDI).
“Kafue will soon regain its position as a major manufacturing hub in Zambia, contributing significantly to the regional economy and the national Gross Domestic Product (GDP),” he said.
He assured investors that ZDA remains fully committed to supporting them at every stage, from project inception through to post‑establishment.
He further revealed that between 2021 and 2025, ZDA approved six MFEZs across the country, driven by the Government’s business-friendly policies.
Meanwhile, Golden Baobab Park Director, Mr. Huang Pengqi, in remarks delivered on his behalf by Director Tresford Kaunda, highlighted the anticipated benefits to technical training institutions and the broader economy. He noted that increased activity in the area is expected to spur growth in sectors such as hospitality, real estate, and financial services.
“Entrepreneurs must take advantage of the opportunities that this development presents,” Mr. Huang said.
