Home / Business and Economy / Uganda Investors Secure Zambian Land Deals
Uganda Investors Secure Zambian Land Deals
29 Mar
Summary
- Ugandan investors secured land and investment in Zambia.
- Zambian President Hichilema affirmed strengthened trade ties.
- Investment spans agriculture, construction, and housing sectors.
A delegation of Ugandan investors has successfully secured land and investment commitments in Zambia, signaling a significant expansion of regional business ties. This development follows productive meetings with Zambian President Hakainde Hichilema.
The Ugandan group, led by NRM Deputy Secretary General Rose Namayanja Nsereko, engaged with Zambian authorities on various sectors, including agriculture, grain milling, construction, education, and manufacturing. President Hichilema emphasized his government's dedication to enhancing trade relations with Uganda and fostering African-led economic transformation.
Zambia has committed to allocating land to Ugandan investors and simplifying investment procedures through its development and regulatory agencies. Ms. Namayanja noted that some investors have already begun registration or are operational in sectors like manufacturing and hospitality.
Key opportunities identified include Zambia's need for approximately 15,000 housing units, with Ugandan firms like Hallmark Construction potentially participating. Investors in agro-processing, livestock, maize milling, and goat farming have also secured land, while others assess market entry for poultry and aquaculture.
Uganda's establishment of consular services in Zambia is expected to further facilitate trade and support its investors. This initiative aligns with the broader push for intra-African trade under frameworks like the African Continental Free Trade Area.
