Zambia’s development strides attract investors

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ZAMBIA’s High Commissioner to  Malawi Charles Banda says a number of investors have shown interest to set up businesses in Zambia.

This follows a move by the Zambian Government to invest in infrastructure development, particularly the Link Zambia–8000 road project.

Mr Banda said his office was flooded with investment queries from Germans, Chinese, Japanese, Indians and Malawians on manufacturing, tourism, and construction.

In an interview in Mangochi yesterday, Mr Banda said the Link Zambia–8000 project as well as other infrastructure developments being undertaken in Zambia had raised interest from both local and other foreign nationals living in Malawi.

Mr Banda said the Link Zambia-8000 project was key to attracting investment once it was fully implemented.

He said missions abroad were better placed to sell the country’s investment potential and that they always seized the opportunity.

“I want to say that our mission has been flooded with queries from local and foreign investors who are interested in investing in Zambia following the Link Zambia–8000 project because most of them feel the project is the best way of attracting investment,” he said.

He said from the queries the mission was receiving, it was clear that Zambia was headed for development and would in turn bring about employment opportunities for the youths in line with the Government’s policies.

He said the mission would continue to use various avenues to sell Zambia’s vast tourism potential and other sectors of the economy to develop the country.

Mr Banda also said some potential investors were happy with the prevailing peace and stability in Zambia.

“It is our duty to provide accurate information on various investment opportunities in our country and if we do not do that, no-one will,” he said.

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