HomeNewsENERGY SECTOR DOCUMENTS 39 PERCENT PROJECTED INVESTMENT

ENERGY SECTOR DOCUMENTS 39 PERCENT PROJECTED INVESTMENT

The Zambia Development Agency(ZDA) has recorded a 39 percent projected investment representing $1.5 billion dollars in the energy sector.

In a press statement availed to the Lusaka Star, ZDA Acting Director General, Cosam Ngoma said the energy sector was recorded as the highest sector of the total projected investment.

“The Agency recorded  $3.9 billion dollars of projected investment in 2018 and of this large chunk $1.5 billion dollars went to the energy sector,” he said.

Mr Ngoma said the increased projected investment in the energy sector was  triggered by government’s efforts to promote alternative sources of energy.

He said the manufacturing sector was the second documenting $700 million dollars representing 18 percent of the total projected investment.

The ZDA Acting Director General said $241 million representing 6% of the total projected investment was directed to the mining sector.

He said the remaining amount of money went to various Multi Facility Economic Zones and Industrial Parks around the country.

The ZDA Acting Director General also mentioned that the Agency had also facilitated export deals of about $100 million dollars.

“The agency has also facilitated export deals worth over $109.5 million dollars in form of on spot sales and business deals that were clinched by the private sector at various export promotion platforms,” the ZDA director mentioned.

He added that the agency also undertook several export promotion activities during the year 2018 and continued to make inroads into regional and international markets for Zambia’s non-traditional products.

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