ZAMBIA recorded $1.1bn worth of investment pledges in the third quarter of 2022 on account of a stable macroeconomic environment, its investment agency said on Monday.
The Zambia Development Agency (ZDA) said the pledges recorded were an increase compared to $631 million worth of investment recorded during the same period last year.
The investments were expected to create about 8,307 jobs.
Albert Halwampa, the acting director-general of the ZDA, told reporters during a briefing that the manufacturing sector had the highest investment pledges recorded of $396 million, while other pledged investments were in energy, construction, transport and services, among others.
‘We are at a stage where investor confidence is at its highest level because of macroeconomic stability. Zambia has become stable in terms of macroeconomic fundamentals,’ he said.