Diaspora Powering Zambia’s Economic Future



... Musanu: A New Vision for Investment, Innovation, and Harnessing Global Resources for Local Impact

By Francis Maingaila (Zambia) and Francis John, Editor & Publisher, TipsNews Kansas City 

Lusaka, Zambia – March 17, 2025 – The Zambia Diaspora Chamber of Commerce (ZDCC), in collaboration with key government ministries and the Zambia Development Agency (ZDA), successfully hosted the inaugural International Business Exchange (IBEx) Hybrid Conference at the Taj Pamodzi Hotel in Lusaka.

Held under the theme “Redefining Diaspora: Connecting Businesses & Unlocking Zambia’s Economic Potential,” the two-day event brought together government officials, local business leaders, diaspora investors, and industry experts to discuss how the Zambian diaspora can serve as a driver of economic transformation.

With a focus on strategic partnerships, innovative business models, and policy reforms, the conference underscored the immense financial, intellectual, and entrepreneurial potential of the Zambian diaspora. The event featured both in-person and virtual participation, fostering a global network of professionals and investors committed to reshaping Zambia’s economic landscape.

Musanu: The Diaspora as a Key Economic Driver

In his opening remarks, Freud C. Musanu, President of the ZDCC, emphasized the diaspora’s critical role in Zambia’s development agenda.

“The Zambian diaspora is not just a source of remittances but a reservoir of skills, capital, and innovation that can propel our economy forward,” Musanu stated.

“This conference marks a pivotal moment in redefining how we engage our global community to unlock Zambia’s economic potential.”

Key Resolutions and Commitments

The conference resulted in several resolutions aimed at enhancing diaspora engagement in Zambia’s economic development:

  • Zambia Diaspora Trust Fund – A platform to supplement development aid, drive SME financing, and support priority economic sectors.
  • Diaspora Business Incorporation Reforms – Simplifying company registration for Zambians abroad, including name reservation and incorporation with minimal upfront payments.
  • Diaspora Knowledge Transfer Program – Establishing platforms for Zambian professionals abroad to share expertise in sectors like renewable energy, agriculture, healthcare, and technology.
  • Investment and Trade Facilitation – Promoting the African Growth and Opportunity Act (AGOA) to increase Zambian exports to the U.S., fostering diaspora-led industrialization, public-private partnerships (PPPs), and franchising agreements.
  • Infrastructure and Digital Transformation – Expanding renewable energy solutions, advocating for smart cities, and improving broadband access to drive digital innovation.


Notable Speakers & Expert Insights

The conference featured prominent speakers who provided valuable insights into diaspora-led economic growth:

  • A senior official from the Ministry of Foreign Affairs and International Cooperation emphasized the government’s commitment to enhancing investment policies and creating a conducive environment for diaspora-led businesses.
  • Mr. Byron Whetstone, Executive/Board Member of America Direct (USA), shared perspectives on building global business partnerships.
  • Dr. Francis John highlighted the role of digital transformation in enhancing business efficiency and competitiveness.
  • Ms. Bridget Kambobe of Trade Kings Group showcased the company’s journey from a local enterprise to a global brand, offering lessons on innovation and market expansion.

The conference concluded with a forward-looking panel discussion featuring:

  • Freud C. Musanu (ZDCC President)
  • Ms. Hazel Kafupi (Events Coordinator, ZDCC)
  • Mr. Jack Chongola (ZED Connections Ltd)

Panelists stressed the need for continued engagement, capacity-building initiatives, and networking events to maintain momentum. The ZDCC also urged greater support for women and youth-led enterprises, which are vital to Zambia’s economic transformation.

Looking Ahead: IBEx 2026 in Kansas City, USA

As a next step, the ZDCC announced plans for IBEx 2026, set to take place in Kansas City, USA. Scheduled to coincide with the FIFA World Cup, the event aims to attract international investors and further strengthen Zambia’s global business connections.

A Milestone for Zambia’s Economic Future

The 2025 IBEx Hybrid Conference marked a significant step in Zambia’s journey toward economic transformation. By leveraging the skills, capital, and networks of the Zambian diaspora, the event laid the foundation for long-term partnerships, job creation, and sustainable growth.

As Musanu aptly concluded:

“The diaspora is not just a part of Zambia’s story—it is the key to unlocking our future.”

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