Outline of the Project

Project Name

Zambia Investment promotion Project - Triangle of Hope (ZIPP-ToH)

Country

Zambia

Project Site

Lusaka

Project Duration

21 August, 2009 - 20 August, 2012

Implementing Organization

Ministry of Commerce, Trade and Industry, Zambia Development Agency

Project Background

Since Zambia’s independence, its economic structures have been heavily relying on copper and its biggest challenge has been the diversification of industries.  The boost in the international copper price on the international market for instance the highest record of July, 2008 led to stability of Zambia’s economic growth with an average of 5-6% in its GDP.

In the late 2008, the international copper prices fell sharply due to the global financial crisis which affected the mining sector leading to redundancies and bankruptcy.  In order to revitalize its economy, the Zambia Government is making various efforts to diversify its economy by increasing investment inflows through provision of incentives to investors and the establishment of Multi Facility Economic Zones.

In July, 2006, based on the Zambian Government’s request to the Government of Japan, a technical cooperation project “Zambia Investment Promotion Project through South -South Cooperation” was implemented for three years up to March, 2009.  The services of experienced Malaysian consultants were engaged. This project led to the implementation of the 12 Action agenda by providing monitoring and technical advice, support in compiling information on investment in Zambia and availing it to the public as well as developing capacity for investment promotion in Zambia.

This program started with Cabinet office, Ministry of Commerce Trade and Industry and Zambia Investment Centre (ZIC) as implementing agencies.  In 2006, the Government passed the Zambia Development Act as a one stop shop to combine the former functions of Zambia Investment Centre, the Zambia Export Processing Zones Authority, and the Zambia privatization Agency, the Export Promotion Board and the Small Enterprise Development Board whose purpose is private sector development through promotion of investment, exports and production.  Due to poor hands on experience by ZDA and poor capacity of the relevant institutions, ZDA has failed to carry out its functions efficiently as a result of the following; poor information sharing in ZDA, poor capacity on information collection and presentation to the public, poor provision of and services to investors.

In 2008, a terminal evaluation of the project was conducted jointly between the Zambia government and the Japanese government.  Culminating from this evaluation,

It was deemed necessary to assist further with more focus on capacity development of ZDA in investment promotion.

Overall Goal

To increase Foreign Direct Investment (FDI) and Domestic Investment in Zambia

Project purpose

Zambia to attain a friendly environment for investors

Output

1. Capacity enhancement of ZDA (Mind set change of staff)
2. Expanded information in ZDA (preparation of sector profiles and project proposals, information necessary for investment procedures and improved quality of publications
3. Systematic collaboration with private sector (Enhancement of mutual understanding between public and private sector, preparation of sector profiles and project proposal jointly.)
4. Improved policy framework for investment (Facilitating the implementation of ToH action agenda and improvement of policy reforms)

Project Activities

Project Input summary

1. Contract the services of Malaysian consultants
2. Contract the services of Japanese Expert (Long term)
3. Japanese/other countries Experts/Consultants (Short term)
4. Training in Japan and other countries
5. Equipment (Office equipment and others deemed necessary for the project)
6. Contract the services of ToH coordinating officer (State House)

Project Outputs

Project Phamphlet

• Triangle of Hope (ZIPP-ToH) Strategic Action Initiative for Economic Development (PDF/1,193KB)
• The Triangle of Hope Brochure (PDF/246KB)

Zambia Investment Promotion Booklet

• Zambia　Africa's New Frontier for Investments and Profits 1 (PDF/2,23MB), 2 (PDF/1,44MB),
  3 (PDF/2,10MB)