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MFEZs good for industrialization – ZDA

The Zambia Development Agency (ZDA) says the Multi Facility Economic Zones are important in driving the industrialization agenda.

ZDA Director Investments Matongo Matamwandi tells Money FM News that the construction of MFEZs is to attract investment into the country.

Mr. Matamwandi says the promotion of these MFEZs is in line with Zambia’s Seventh National Development Plan and the Industrialization Policy and Strategy that the government through the Ministry of Commerce, Trade and Industry launched early this year.

He says these zones are promoting manufacturing and value chains adding that this is the more reason why they are important.

Mr. Matamwandi says the construction of zones is a strategy to attract investment in a particular area.

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