The Zambia Chamber of Commerce and Industry (ZACCI) welcomes intentions by government to review the US$500, 000 minimum investment capital for one to access the incentives in the Multi Facility Economic Zones.
Media reports indicate that Minister of Commerce, Trade and Industry Christopher Yaluma has indicated intentions to revise the US$500, 000 minimum investment capital for an investor to access incentives in the MFEZs.
ZACCI President Michael Nyirenda has told Money FM News that the chamber is glad that the government has realized this bottleneck and is committed to addressing it.
Mr. Nyirenda says the US$500, 000 is too high for local investors to afford in investing in the zones.
“The bottleneck has always being that the US$500, 000 is too high for locals to afford. I believe if it lowered it will attract more investment in the MFEZs,” he said.
Mr. Nyirenda is of the view that there is a lot of room to improve industrialization in the MFEZs by making them attractive for investment.

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