Minister of Technology and Science, Hon. Felix Mutati, has appealed to the private sector to invest in Zambia.
And Hon. Mutati has emphasized the potential for high returns on technology investments in Zambia.
Speaking at a private sector engagement organised by the Permanent Mission of Zambia to the United Nations in New York, Hon Mutati appealed to the private sector to invest in Zambia, adding that the country has energy deficits and is seeking investments to generate and transmit power.
The Minister highlighted Zambia’s focus on digital inclusion, artificial intelligence, and ICT infrastructure, with significant investments already made in these areas.
Meanwhile, Zambia Development Agency (ZDA) Director General Albert Halwampa highlighted Zambia’s strategic location as one of the attributes making the country a secure investment destination, as well as its stable political environment, and investment opportunities in sectors such as e-mobility, energy and agriculture.
Mr Halwampa also emphasized Zambia’s stable exchange rate, political stability and its commitment to international agreements.
The meeting, which was held on the sidelines of the 79th session of the UN General Assembly in New York, was also attended by Zambia’s Permanent Representative to the UN Dr Chola Milambo and senior government officials.