Zambia, Germany hold bilateral talks to strengthen economic cooperation

The Zambia Development Agency (ZDA) has joined a high-level Government delegation in Germany for bilateral negotiations aimed at strengthening development cooperation between Zambia and Germany for the 2027 to 2028 period. Speaking during the forum, Ministry of Finance and National Planning Permanent Secretary for Economic Management and Finance, Mulele Mulele, highlighted Zambia’s improving economic outlook and investment climate. Speaking on behalf of Secretary to the Treasury, Felix Nkulukusa, Mulele cited policy consistency, fiscal discipline, mineral wealth and the recently concluded International Monetary Fund Extended Credit Facility programme as factors driving macroeconomic stability.

Meanwhile, ZDA Director-General, Albert Halwampa, showcased investment opportunities in critical minerals, energy, agriculture, water and sanitation. Halwampa urged German investors to take advantage of Zambia’s stable and predictable policies, which he said are crucial for investor confidence. “We also encourage investors to prioritise the employment of Zambians, ensuring that investments translate into local economic benefits,” he said.

At the same event, Zambia’s Ambassador to Germany, Winnie Chibesakunda, called for stronger investment ties between the two countries. Chibesakunda said Germany’s industrial excellence and Zambia’s political stability and commitment to reforms create an opportunity for transformative partnerships.“When these strengths meet, the result is not merely investment, but transformation,” she said. The forum also featured testimonies from existing investors, including Bayer Global Public Policy and Positioning lead Anna Rainer and Level Build Zambia chief executive officer Michael Woitag.

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The event reinforced Zambia’s growing reputation as an attractive investment destination with stable policies, strong macroeconomic fundamentals and strategic access to regional markets in Southern Africa. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express permission from ZAMBIA MONITOR.

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