BY CLEOPATRA NANKONDE
The Zambian government has reaffirmed its commitment to attracting foreign investment and has urged Turkish businesses to explore opportunities across key economic sectors.
Speaking at the Zambia–Turkey Business Breakfast in Lusaka, Minister of Commerce, Trade and Industry Chipoka Mulenga said the government is implementing structural and policy reforms aimed at reducing the cost of doing business and boosting regional trade.
He highlighted energy, manufacturing, mining, construction, and agriculture as priority sectors ripe for investment, noting that business licensing reforms are underway to ease compliance burdens. Mr. Mulenga cited the fertilizer sub-sector as a success story, where Zambia has transitioned from heavy import dependence to becoming a net exporter.
The Minister added that government has introduced faster approval processes for solar projects, fiscal incentives, and a Public-Private Dialogue Forum to accelerate investment. Zambia aims to generate 10,000 megawatts of power by 2031, with streamlined approvals expected to support timely project implementation.
The Zambia–Turkey Business Breakfast saw the signing of 25 agreements to enhance trade and investment between the two countries, reinforcing government’s commitment to strengthening economic ties and supporting sustainable national growth.
