The Zambia Development Agency (ZDA) has signed a Memorandum of Understanding (MoU) with the Zambia Information and Communication Technology Authority (ZICTA) to review existing policies and drive more investment into the country's telecommunications sector.

ZDA wants ZICTA to help it develop policies and regulations that will make it easier to secure regional and international investment.

Proposed changes include tax holidays for potential investors for an agreed period of time and a review of the procedure involved in acquiring investment licenses. Both organisations have described the procedure as "tiresome" and believe it is putting investors off.

ZICTA is expected to play a key role in helping the Agency identify priorities for investors and tailor policies accordingly.

ZDA director general Patrick Chisanga said the Agency has noticed the impact of unattractive investment policies and confirmed a three-year partnership with ZICTA to remedy the situation.

ZICTA director general Margaret Mudenda said her institution will do all that it can to help ZDA come up with policies that will help develop the telecommunications sector.