Zambia Development Agency (ZDA)
The Zambia Development Agency (ZDA) was established under the ZDA Act No. 11 of 2006, which came into effect on July 7, 2006. The ZDA is a merger of the Zambia Privatization Agency, Zambia Investment Centre, Export Board of Zambia, Zambia Export Processing Zones Authority and the Small Enterprises Development Board. The merged institutions started operating as one institution after 1st January 2007.
The Agency expects major investments in various sectors of the economy. Major investments are expected in financial, mining, cement and fertilizer production and the agricultural sector. This is due to the confidence that has been created by favourable Government economic policies, macroeconomic stability, peace and stability that the country is experiencing as well as the countryâ€™s strategic location.
The Zambia Development Agency will with the financial support of the European Union launch a sustainable promotional drive in regional markets particularly in the Great Lakes Region and other regional markets.
In addition, the Zambia Development Agency will launch the Zambia Export Development Fund in the week beginning 6th January 2008. The fund will be financed by the European Union. The Zambia Export Development Fund will finance export transactions for non-traditional exporters.
With regard to the MSMEs, the Zambia Development Agency remains committed to the development of this sector. MSMEs Sector in Zambia forms a large portion of the economic players in the economy and the Zambia Development Agency will ensure that the sector grows and contributes significantly to the Zambian economy.
To this end, the Zambia Development Agency has signed a joint memorandum of understanding with Finland, Holland and the United Nations (International Labour Organisation) to Implement a K24 billion (US$ 6.5 Million) Business Development Services (BDS) Voucher Program.