Zambia Reaffirms Investment Drive As Government Courts Turkish Businesses

Government has reaffirmed its commitment to improving the country’s business environment and has invited Turkish enterprises to explore the growing investment opportunities in Zambia. 

The call was made during the Zambia–Turkey business breakfast held in Lusaka on 10th December, 2025, where officials highlighted the country’s ongoing reforms aimed at stimulating private-sector growth.

Minister of Commerce, Trade and Industry Chipoka Mulenga said Zambia offers strong potential across key economic sectors, including energy, manufacturing, mining, construction and agriculture. 

He noted that government-driven policy and structural reforms are central to creating a more enabling environment for investors.

“This achievement demonstrates what is possible and inspires our efforts in other priority sectors such as energy, agriculture, and manufacturing,” he said, referring to Zambia’s transition from a fertilizer import-dependent nation to a net exporter.

Mr. Mulenga explained that the Ministry is advancing business licensing reforms designed to reduce the cost of doing business, ease compliance processes and broaden regional trade. 

“Government is committed to continuously improving the business environment to ensure sustainable economic growth, noting that Zambia aims to ramp up power generation to 10,000 megawatts by 2031, " The Minister stated. 

He added that several interventions, including reduced approval times for solar project applications, fiscal incentives and the establishment of a Public-Private Dialogue Forum are expected to further stimulate investment in the coming years. 

The Zambia–Turkey business breakfast, which seeks to strengthen bilateral economic ties, has so far resulted in the signing of 25 agreements aimed at boosting trade and investment between the two countries.