INVESTMENT APPETITE GROWS, AS LS-MFEZ RUNS OUT OF LAND FOR INVESTORS

Industrial Development Corporation (IDC) Chief Executive Officer, Mr. Cornwell Muleya, has undertaken a familiarization tour of the Lusaka South Multi-Facility Economic Zone (LS-MFEZ), a wholly owned IDC subsidiary.
He was hosted by LS-MFEZ Board Chairperson Mr. Boster Chiyaba, Board Members, and the Senior Management Team. Mr. Muleya was appraised on the Zone’s operations, milestones, and strategic direction.
During the meeting, he was briefed that the LS-MFEZ had allocated all 548.6 hectares of designated industrial land to investors as of June 2025, with 20 investors on the waiting list. Of the 140 approved investors, 31 are fully operational with an investment value of US$1.58 billion and employing 9,804 people, while 26 are currently under construction.
Mr. Muleya urged management to consider establishing an additional Multi-Facility Economic Zone to meet the growing investor demand. He commended LS-MFEZ as a flagship investment hub driving Zambia’s economic growth and contributing to national development goals.
He praised the dedication and professionalism of the management team, encouraging them to continue strengthening and protecting the Zone’s strong corporate reputation.
Following the briefing, Mr. Muleya and his delegation embarked on a guided tour of key infrastructure, operational facilities, and ongoing development projects within the Zone