China Powers Zambia’s FDI Boom



Chinese companies now account for over half of Zambia’s foreign direct investment
By Francis Maingaila ♥️

Lusaka, Zambia24 (14 June 2025) — Zambia has recognized the growing contribution of the People’s Republic of China to its economic development, with Chinese companies now accounting for over 50 percent of the country’s total Foreign Direct Investment (FDI). This milestone reflects the deepening economic partnership between the two countries.

The announcement was made during the China-Africa Economic and Trade Expo (CAETE) in Changsha, Hunan Province, where Deputy Secretary to the Cabinet for Finance and Economic Development, Mr. Siazongo D. Siakalenge, spoke on behalf of Minister of Commerce, Trade and Industry, Hon. Chipoka Mulenga. 



His remarks came at the Hunan Entrepreneurs-China Africa Economic and Trade Promotion Matchmaking Conference, which fosters business ties between African countries and Chinese investors.

Mr. Siakalenge noted that between 2022 and 2024, Zambia’s exports to China represented about 20 percent of its total exports, demonstrating strengthened trade relations. 

He promoted the Kafue Multi-Facility Economic Zone (MFEZ) as a strategic investment hub and encouraged Chinese firms to explore opportunities in manufacturing, energy, and resource development.



He also praised the Hunan Provincial Government for supporting Zambia’s export growth, highlighting the important cooperation between the province and Zambia since its independence in 1964.

Minister Mulenga is scheduled to meet with Chinese investors and tour the Zambian pavilion and entrepreneur booths as part of Zambia’s investment promotion activities at the expo.

The growing partnership reflects a broader trend of Chinese investment across Africa, bringing capital, technology transfer, and job creation critical to Zambia’s economic diversification and growth.

Comments

Post a Comment

Popular posts from this blog

A Brother, A Leader, A Lesson

Image
 Bishop Mwamba’s Tribute to Lungu Lusaka, Zambia24, Thursday, June 5, 2025 – United National Independence Party (UNIP) President Bishop Trevor Mwamba has paid tribute to the late Sixth Republican President Edgar Chagwa Lungu, describing him as a man of the people, a personal friend, and a national figure whose life and leadership offer Zambia both memory and lesson. In a statement delivered Thursday, Bishop Mwamba extended condolences to the Lungu family, the Patriotic Front, and the entire nation, while encouraging citizens to reflect not only on the man Lungu was, but on the legacy he leaves behind. “I, Bishop Trevor Mwamba, extend my sincere sympathies to the Lungu family, the Patriotic Front, and the Zambian people on the passing of His Excellency Edgar Chagwa Lungu,” he said.  “As President of UNIP, I also convey our party’s deep condolences at this moment of national loss.” Recalling Lungu as his former classmate, Mwamba spoke warmly of the former president’s personal qualities—h...
Read more

UNZA Unions set to hold strike ballot after failed conciliation talks

Image
Pumulo ... The University of Zambia Professional Staff Union (UNZAPROSU), UNZALARU, and UNZAWU are proceeding with a strike ballot after months of unproductive negotiations, citing unresolved issues related to compensation, working conditions, and a severe funding shortfall affecting the university's operations. By Francis Maingaila ♥️ Lusaka, Zambia24 - (6-11-2024) -  The three major unions at the University of Zambia (UNZA) have announced that they will conduct a strike ballot next week after prolonged efforts to negotiate an agreement through a formal conciliation process failed to yield results. Likezo Pumulo, President of the University of Zambia Professional Staff Union (UNZAPROSU), addressed the media on behalf of UNZAPROSU, the University of Zambia Lecturers' and Researchers' Union (UNZALARU), and the University of Zambia and Allied Workers Union (UNZAWU). Pumulo explained that the decision to hold a strike ballot follows several months of intense discussions involv...
Read more

Breaking Silence, Saving Lives

Image
Journalists Join Safe Motherhood Fight and are challenging taboos to protect women’s health. By Francis Maingaila Lusaka, Zambia24 — (20-05-2025) - The Ministry of Health convened a critical media orientation in Lusaka to commemorate Safe Motherhood Week and the International Day to End Obstetric Fistula, emphasizing renewed efforts to improve maternal health outcomes across Zambia. The event brought together media professionals, health experts, and key stakeholders to amplify messages on safe maternal health services and the urgent need to end obstetric fistula. In his keynote address, Dr. Aspha S. Choonga stressed the pivotal role of the media in advocating for women’s rights to safe, dignified, and respectful maternal health care. “Your presence here today is not just appreciated—it is vital,” Dr. Choonga said, urging media practitioners to break taboos and inform the public on these critical issues. He outlined the four pillars of Safe Motherhood: family planning, antenatal care, c...
Read more