Mining No Longer Main FDI Target

Foreign investors, particularly Chinese companies, continue to dump money into Zambia's economy. In H110, the country received investment pledges worth US$2.4bn, with pledged employment reaching about 33,000. Traditionally, most foreign direct investment has been channelled towards Zambia's copper mining industry. What is most interesting about the recent surge in FDI is that more has flowed to manufacturing than mining ($768mn and US$593mn). This shift bodes well for Zambia's longer term growth, which will require the emergence of new industries to drive the economy as copper resources are depleted.

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