China-Africa: China tops investors in Zambia
Chinese investment in Zambia is expected to hit $4 billion when Zhonghui Mining Group limited invests $3.6 billion in mining projects in North-Western and Luapula provinces.
Commerce Deputy Minister, Richard Taima says this makes China the single largest investor in Zambia.
Mr. Taima said this in Lusaka, Friday when he received a business delegation from China at his office.
The seven-member delegation is in Zambia for two days and will also visit Livingstone.
Mr. Taima paid tribute to economic relations that exist between Zambia and China particularly with china’s support in developing the economic Zone in Zambia.
Delegation leader, Chen Bing Hui said the team is in the country to explore investment opportunities in mining, automotive and furniture sectors among others.
He said the visit to Zambia is aimed at assessing the country’s investment climate and which areas of the economy offer the best investment opportunities.
(thelusakapaper.com)
Tags: Zambia