Zambia

Zambia

Expands incentives for investment

16 Apr 2024

On 16 April 2024, Zambia adopted Act No. 3 of 2024, the Investment, Trade and Business Development (Amendment) Act, 2024, amending the Investment, Trade and Business Development Act, 2022. Published in the Official Gazette on 18 April 2024, the Amendment Act introduces key updates to Zambia's investment framework, with the aim to enhance Zambia’s attractiveness for private, domestic, and foreign investment by expanding incentives available to investors.

Key changes introduced by the Amendment Act include:

  • Broader Incentive Eligibility: Incentives now extend to a wider array of projects, including both new and expansion projects in special economic zones, priority sectors, rural areas, and farm blocks (Section 30).

Expansion of Beneficiary Areas: The deletion of the "rural area" definition (Section 2) removes restrictive geographic criteria, fostering a more inclusive approach to regional development.

  • UNCTAD has been collecting information on changes in national foreign direct investment (FDI) policies on an annual basis since 1992. This collection has provided input to the analysis of global and regional investment policy trends in the World Investment Report, the Investment Policy Monitors and the UNCTAD-OECD Reports on G20 Measures.

    In 2024, to further strengthen the quality of reporting, UNCTAD revised the methodology of monitoring investment policy measures. and revised the measures going back to 2012 accordingly.

    The Investment Policy Monitor provides the international investment community with country-specific, up-to-date information about the latest developments in foreign investment policies.

    Through its monitoring of investment policy changes, UNCTAD offers cutting-edge and innovative contributions to investment policy discourse, and contributes to preparing the ground for future policymaking in the interest of making foreign investment work for sustainable development.

  • The UNCTAD's Investment Policy Monitor database include official measures affecting FDI adopted by United Nations Member States. These encompass measures explicitly targeting FDI (FDI-specific), as well as general investment measures with a clear impact on foreign investment (FDI-related). The measures are either reported directly to UNCTAD by Member States through annual surveys or identified by UNCTAD researchers through publicly accessible sources (such as government websites and specialized policy databases). The classification of measures as more or less favourable is based solely on their potential impact on investors.

    Note: Measures are verified, to the fullest extent possible, by referencing government sources. The compilation of measures is not exhaustive.

    Disclaimer: the boundaries and names shown and the designations used on this map do not imply official endorsement or acceptance by the United Nations.

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