ZAMBIA, GERMANY SEEK ICT INVESTMENT TO DRIVE US$65 BILLION ECONOMY
By Alain Kabinda
LUSAKA – Zambia is seeking to attract increased investment from German technology companies through stronger business partnerships aimed at accelerating digital transformation and supporting the Government's ambition of growing the economy to US$65 billion.
The push was highlighted at the Zambia–Germany ICT Business Forum, which brought together Government officials, German business delegates, representatives of the Government of Saxony and investment promotion agencies to explore opportunities in information and communication technology (ICT).
The forum focused on investment opportunities in digital infrastructure, artificial intelligence, innovation, data management and the development of Zambia's digital economy.
Speaking during the forum engagement Ministry of Technology and Science Minister Mr. Felix Mutati said ICT investment is critical to achieving the Government's Grow Zambia Agenda, which seeks to double the country's economy to US$65 billion over the next five years.
Mr. Mutati said digital technology was no longer confined to the telecommunications industry but had become an important driver of productivity across agriculture, mining, manufacturing, commerce and public administration.
He said achieving the economic growth ambition would require stronger national connectivity, improved public service delivery and expanded opportunities for citizens, particularly those in rural communities.
Mr. Mutati also identified five priority areas for digital transformation: trusted digital identity, interoperability, intelligence through data and artificial intelligence, digital infrastructure and inclusivity.
He said a trusted digital identity system would improve the delivery of public services by reducing duplication, repeated verification and wastage while ensuring that benefits reached eligible citizens.
Mr. Mutati said Government institutions needed integrated systems that could exchange information, allowing citizens and businesses to access multiple services without repeatedly submitting the same documents.
He also highlighted the potential of artificial intelligence and scientific research to improve productivity, citing the application of AI in mineral exploration, including developments associated with the Mingomba copper project.
Mr. Mutati said Zambia was also prioritising digital infrastructure, revealing that the country's fibre-optic network had expanded from approximately 15,000 kilometres when the current administration assumed office to about 45,000 kilometres by the end of the previous year.
He called for further investment in mobile network coverage, fibre connectivity and reliable infrastructure to ensure that underserved communities were not excluded from the digital economy.
The Minister also identified the cost of smartphones as a barrier to digital inclusion and called for collaboration to make devices more affordable.
Mr. Mutati challenged participants to translate discussions into actual investment transactions, joint ventures and partnerships.
He called for cooperation guided by the principle of Ubuntu, emphasising that the economic progress of Zambia and its international partners should be mutually beneficial.
The Minister urged participants to ensure that tangible progress was achieved within four weeks, including partnerships and transactions that could be reported to the President.
And German Ambassador to Zambia Soenke Siemon reaffirmed Germany's commitment to supporting Zambia's digital transformation, highlighting existing cooperation in public financial management, revenue administration and business regulation.
He cited Germany's support towards the provision of a business intelligence data warehouse for the Zambia Revenue Authority to facilitate the integration of internal data.
Other areas of cooperation include support for a digital revenue management system in Choma and beneficial ownership reforms at the Patents and Companies Registration Agency.
Mr Siemon said the private sector was central to developing the ICT industry, noting that German companies, particularly small and medium-sized enterprises, had considerable experience and technological expertise that could benefit Zambia.
He encouraged Zambian businesses to establish partnerships with German companies, especially those from Saxony, to promote technology transfer, innovation and investment.
Meanwhile, Zambia Development Agency (ZDA) Director General Mr. Halbert Halwampa said the forum demonstrated growing international interest in Zambia as an investment destination for technology and innovation.
Mr. Halwampa said ZDA had digitised its investment facilitation services, enabling foreign investors to apply for investment licences online without travelling to Zambia or submitting physical applications.
He said applications could be processed within hours, demonstrating how digital systems were reducing administrative barriers and improving the investment environment.
He identified policy stability, Government commitment to investment promotion, evidence-based policymaking and macroeconomic stability as important factors supporting Zambia's investment attractiveness.
However, Mr Halwampa acknowledged that access to finance and achieving financial closure remained challenges for investors.
Also, ZDA had introduced the Zambia Investment Deal Room, a digital platform designed to connect investors with potential financiers in sectors including ICT, energy, mining and agriculture.
The platform provides an opportunity for investors and financiers to engage, structure transactions and explore funding arrangements for investment projects.
Mr Halwampa also highlighted investment incentives available in the ICT sector, particularly opportunities relating to data centre development, and assured German investors of ZDA's support in accessing applicable incentives.
Representing the Government of Saxony, Marcus Franke said international partnerships were most effective when they produced practical business outcomes and opportunities for communities.
Mr. Franke highlighted the role of entrepreneurs and business leaders in strengthening cooperation between Zambia and Germany, saying private-sector initiatives could generate investment opportunities and economic benefits.
He also identified Zambia's potential to serve as a regional business and technology hub for Southern Africa.
Mr Franke expressed optimism that the partnership would create new opportunities for businesses in both countries based on equality and shared development objectives.
The Zambia–Germany ICT Business Forum comes at a time when digital infrastructure, data services, artificial intelligence and technology-driven businesses are becoming increasingly important to economic competitiveness.
For Zambia, attracting German investment could support the development of digital infrastructure, strengthen local technology businesses, improve public administration and create opportunities for skills development and employment.
The success of the engagement will ultimately depend on translating the business discussions into actual investments, technology transfer and sustainable partnerships that contribute to the country's US$65 billion economic ambition.



