Zambia records 2.6 bln USD investment pledges

Zambia has recorded 2.6 billion U.S. dollars in investment pledges since January this year, its investment agency said on Tuesday.

The investment came with pledged jobs of 11,500, according to the Zambia Development Agency.

According to a statement from the agency, the pledges were from 254 investment licenses issued to various investors across sectors from January to September this year.

The manufacturing sector topped the list with 43 licenses followed by the real sector with 36 licenses.

Other sectors where the investment agency issued licenses include agriculture, energy, construction, education, health, tourism, mining and transport, among others.

Patrick Chisanga, the director-general of the investment agency said the agency was resolute in building and enhancing the country's investment profile for increased capital inflows, capital formation and employment creation.

According to him, the agency has identified five high-level goals that will contribute to the government's targets of creating new jobs, ensuring local business participation, economic diversification, increased non-traditional exports and attracting foreign and local investment into strategic infrastructure and competitive sectors. Endit