The Zambia Development Agency (ZDA) has signed a Memorandum of Understanding with the Movement of the Enterprises of France (MEDEF) in Lusaka. According to the Lusaka Times, the agreement is designed to encourage French companies to invest in Zambia through partnerships and joint ventures. This initiative supports the country’s economic growth objectives under the Grow Zambia Agenda.
Albert Halwampa, the Director General of ZDA, stated that these partnerships would allow Zambia to expand local production and supply both domestic and regional markets. He noted that the country offers a stable economic environment and improved investor confidence. Halwampa highlighted Zambia’s strategic location, noting that it shares borders with eight neighboring countries. He also pointed to the country’s membership in regional trade blocs, including the Southern African Development Community and the Common Market for Eastern and Southern Africa, as key advantages for potential investors.
The ZDA chief encouraged French firms to explore opportunities in renewable energy sources such as solar, wind, and hydropower, as well as in manufacturing and mining. He assured the French delegation that ZDA would facilitate market entry and provide aftercare services to support business operations. Halwampa further emphasized that Zambia remains a secure destination where investors can repatriate profits after meeting tax obligations.
Céline Gouveia, President of the France East Africa Business Council of MEDEF International, confirmed that the French delegation had identified specific investment opportunities following engagements with Zambian government ministries. The delegation, which includes companies from the mining, energy, and transport sectors, is interested in establishing long-term partnerships with local businesses. Gouveia mentioned that firms such as Alstom, Imerys, and Africa Global Logistics are already established in Zambia and are positioned to support these new collaborations.
The signing of the MoU marks the beginning of stronger economic cooperation between the two nations. Gouveia expressed the delegation’s desire to move beyond diplomatic engagements and translate the growing relationship into concrete business partnerships. The agreement aims to ensure that French companies can thrive in the Zambian market while contributing to the country’s industrial expansion.