Zambia’s Ambassador to the Federal Republic of Germany Winnie Chibesakunda has pointed out that Zambia is actively creating conditions that enable enterprise to thrive, noting that sustainable economic expansion is not only driven by government alone but by dynamic business, innovation and investment.
Speaking on 5th May 2026 during the Business Day that was held on the margins of the German Zambian Government Negotiations in Berlin, Ambassador Chibesakunda said Zambia’s development strategy is firmly anchored in private sector led growth.
She said Zambia possesses vast arable land for agriculture and agribusiness, yet the true opportunity lies in processing, value addition and supply chain development, areas where German technology and innovation can help transform agriculture into a high value export driven sector.
Ambassador Chibesakunda stressed that in all these sectors, Zambia’s development priorities march Germany’s strengths in technology, engineering and long-term financing.
She underscored Zambia’s focus sectors, energy, mining and raw material processing, agribusiness and water as areas that offer significant and scalable opportunities for investment and collaboration.
And speaking at the same function, Permanent Secretary in the Ministry of Finance and National Planning, Mr. Mulele Mulele said over the last few years, Zambia has demonstrated remarkable economic resilience, achieving an impressive average real GDP growth of 5.2 % over the last 5 years.
Mr. Mulele said this growth is not by chance but driven by focus on productive sectors adding that further, the Kwacha has stabilized, reflecting renewed international confidence in Zambia’s fiscal management and a strengthened, transparent banking sector.
He emphasised that Zambia is seeking high-quality capital investments to complement the government’s efforts of delivering sustainable economic development, adding that Zambia seeks partners that will invest both in capital and technology, for this will create the much-needed jobs for its people and foster capacity in local industries.
Mr. Mulele recognized Germany’s global leadership in engineering and renewable energy and on behalf of President Hakainde Hichilema invited Germany private sector companies to explore the vast business opportunities in Zambia adding that Zambia was ready to work with Germany for the mutual benefit of the two countries.
And German Federal Ministry for Economic Cooperation and Development (BMZ) Director General for Bilateral Cooperation, Africa, Asia, and Latin America, Ms.Christine Toetzke, called on Zambia and Germany, through the business Day platform, to continue learning from each other and from examples of already established partnerships and to identify future opportunities for more economic partnerships.
The Zambia Development Agency(ZDA), led by Director General Mr. Albert Halwampa was the key player in the Business Day event.