Zambia recorded a dramatic surge in foreign direct investment in 2024, with inflows rising 286 percent to a record $2.36 billion, according to the 2025 Private Sector Foreign Investment and Investor Perceptions Survey Report released on Wednesday.
The figure marks a sharp increase from the $641.1 million registered the previous year.
The Bank of Zambia (BAZ) said the investment upswing was driven largely by reinvested earnings, particularly in the mining, manufacturing and deposit‑taking sectors.
Speaking at the launch of the report, BAZ deputy governor Francis Chipimo private sector foreign assets also posted notable growth during the review period, signalling renewed investor confidence in the economy.
Zambia’s record FDI inflows are expected to support efforts to stabilise the economy and strengthen key sectors at a time when regional shocks continue to test supply chains and investment conditions.
JN/APA