BY BUUMBA CHIMBULUZAMBIA Development Agency (ZDA) has posted US$5.8 billion worth of projected investments in 2020, representing a 19.7 percent growth.This was from the 326 registered investment projects that were recorded in 2019 compared to 350 posted in 2020, says ZDA board chairman David Masupa at a media briefing in Lusaka yesterday.In the year under review, the ZDA recorded US$5.841 billion worth of projected investment from US$4.880 billion in 2019.Of the total registered investments in 2020, Bishop Masupa said about US$3.170 billion came from Foreign Direct Investment (FDI) and about US$2.68 billion was Domestic Direct Investment. He said this represented a 54.3 per cent and 45.7 per cent of the total projected investment respectively.In addition, Bishop Masupa said the Agency registered re-investment worth US$1.97 billion from the 26 investment projects in 2020 compared to US$3.95 billion from 76 projects recorded in 2019.“These investors were expected to expand their businesses and to create 1,626 additional jobs […]
ZDA POSTS US$5.8 BILLION PROJECTED INVESTMENTS
