Bernadette Deka-Zulu (PhD Researcher-Public Enterprise)THE establishment of Multifacility Economic Zones (MFEZs) has become a popular strategy for developing countries to attract foreign investment, promote economic growth and development, and create job opportunities.In Zambia, the MFEZs have become an important tool for the country’s economic transformation. This article explores the definitions, regulatory framework, key challenges, and possible interventions to ensure the success of MFEZs in Zambia.Multifacility Economic Zones are designated geographical areas that provide an ideal platform for the integration of various industries and sectors to promote economic growth and development.MFEZs aim to create an environment conducive to investment, production, and export-oriented activities.Zambia has to date declared six areas as MFEZs and /or Industrial Parks vis-à-vis: Chambishi, Lusaka East, Lusaka South, Lumwana; and Ndola (Sub Saharan gemstones exchange) and Roma Industrial Park.The MFEZs are located in different parts of the country and are strategically located to provide access to important transport infrastructure such as highways, railways, […]
Zambia Multifacility Economic Zones: Boosting economic growth and development
