Economist Kelvin Chisanga says Zambia must adopt a more aggressive policy approach to unlock Domestic Direct Investment as a key driver of economic growth.
In a statement, Chisanga highlighted that while foreign direct investment remains important, mobilising local capital is critical for sustainable and inclusive development.
He stressed that Zambia holds significant domestic resources through pension funds, its mineral base, insurance institutions, commercial banks and private investors.
The Economist observed that much of this capital remains concentrated in short-term government securities rather than being deployed into productive sectors of the economy.
Chisanga argued that a stronger policy framework is required to redirect domestic capital toward manufacturing, agro-processing, energy, mining value chains and infrastructure development.
He explained that government can accelerate this shift through targeted tax incentives, credit guarantees for local investors, and blended financing models that reduce risks associated with long-term investments.
The Economist affirmed that harnessing domestic investment will expand industrial capacity, stimulate job creation, and build a more resilient and self-sustaining Zambian economy.
