From 2012 to 2020, Lusaka South MFEZ has actualized a total investment of USD 240 Million and 900 permanent jobs have been created, notwithstanding the advent of the novel Corona virus – (COVID-19). The zone has attracted some of the biggest industries in Zambia:
Some of the main products manufactured at Lusaka South MFEZ include; beverages, water, fertilizer, medicines (arvs and antibacterial- biotics), 88 megawatts of solar energy, tobacco, marble, gypsum products and soon to be commissioned ceramic tiles. The Lusaka South MFEZ is slowly establishing itself as an investment destination of choice.
An additional nine (9) companies are at various levels of construction with a pledged investment of USD 150 million and will create an additional 1100 jobs by the end of 2021. Once these companies commence operations it will bring the total number of companies operating in the zone to twenty-one (21) and about 2000 permanent jobs will have been created.
The centrality of the country provides easy access to markets in countries surrounding Zambia. Zambia’s central geographical location within South Central Africa with common borders with eight countries in the region provides excellent export market opportunities to potential enterprises. Though landlocked, its road, rail and telecommunication facilities are reasonably well developed for direct access to regional and international markets.
Zambia is a land-linked country offering export opportunities around the SADC region. Connected with the listed countries below, Zambia through LS-MFEZ is set to be the manufacturing hub of the region.
- Congo DR
A number of investors rate market availability, availability of tax and other incentives as ‘highly important’. Zambia’s active participation in the Southern African Development Community (SADC) Trade Protocol as well as the COMESA/FTA offers preferential tariff access to total market potential. Development, improvement and modernization of Zambia’s road, transport, railway and inland waterway transport networks as well as commercial properties to meet high quality international business and consumer requirements are areas that should offer profitable opportunities for both domestic and foreign entrepreneurs to pursue.