The Zambia Development Agency (ZDA) says its been overwhelmed with Multimillion dollar Chinese firms seeking to invest in Zambia.
ZDA Director of Investments Matongo Matamwandi said the agency has received strong numerous inquiries on investment opportunities in Zambia.
ZANIS reports that Mr Matamwandi said Chinese businesses have indicated willingness to invest in among other sectors energy, commerce, tourism , agriculture and other service provision.
He said Chinese businesses and investors from around the world are having confidence in the Zambian economy owing to stable economic climate and an unmatched and attractive investment package.
Speaking during the Zambia Week being held in Chengdu, China, Mr Matamwandi said the Chinese investments have potential to change the economic landscape of Zambia .
He said he was happy that leading the pack are big chinese businesses with international repute and global presence eager to aid Zambia’s economic development process and transformation.
The Zambian Embassy in China organised an exposition to provide a platform to market Zambia’s investment and tourism potential to Chinese businesses in Sichuan province of China.
During the Zambia week, Vice President Inonge Wina who was accompnied by Zambian technocrats and business representatives held discussions with Chinese government and businesses officials on prospects of investing in Zambia.
Mrs Wina among others also witnessed the twinning of Lusaka province to Sichuan province of China as well as Chongwe District Council to Mianyang City .
And Zambia’s Ambassadorto China Winnie ChibesaKunda said the Embassy will continue with the initiative to woo Chinese investment from China’s other provinces to Zambia.
Ambassador ChibesaKunda also stressed the importance to twine Zambia’s remaining nine provinces so that they can position themselves like Lusaka province to woo investments and change the socio-economic landscape of their regions.
These investors are no better than our very own Mushota who produces nothing but services as an investment! The real investor should be in production of goods eg manufacturing, farming! Most Chinese investors we see are shop owners, chicken breeders, marketeers- so basic! Even the big road companies should be partnering with Zambian firms to undertake most projects. Elias Chipimo’s NAREEP hits it on the head with 20% generation! In Botswana that’s why it is the second best performing economy in the world! Even the diamonds are now cut and sold from Botswana.
Be wary of Chinese investors. They infect a country and begin to spread to all sectors seeking to take over, like a virus.
And also touching our little girls. We have seen increase in blackanese kids. Meanwhile lungu turning blind eye because bamudyesamo
no they are called ZAMEESE
Busy selling everything to Chines INSTEAD of themselves!!
…..and your part is just to criticise and insult whilst watching others sizing up each other. Ka jj your unpatriotic tendency is contributing zero to Zambia. All you 1diots who are busy insulting shouldn’t consider yourselves Zambians. You support non Zambians who insult your country. SA team up against any foreign attackers while you 1diots don’t.
WINNE CHIBESAKUNDA THE DAUGHTER TO JUDGE CHIBESAKUNDA IS THE MOST VIBRANT AMBASSADOR ZAMBIA EVER HAD, PF SHOULD APPOINT MORE WOMEN IN DIPLOMATIC MISSIONS, CHINA MEANS WELL LETS JUST DO OUR PART AND WE SHALL BE ABOVE EVERY AFRICAN COUNTRY, RECONCILE ELC AND HH , MAKE A GOVERNMENT OF SHARED RESPONSIBILITIES, HH HAS SPENT SO MUCH MONEY IN 10YRS WHY CANT HE BE GIVEN CHANCE TO RULE AS VP
This Chinese infestation of Zambia will haunt us soon. These are not investors! China is looking for space to offload its excess baggage and Zambia has been marked as an easy target because of clueless leaders who think only foreigners can develop our country. These Chinese now own Zambia, thanks to PF! You have sold us back into slavery! The lender is master over the reckless borrower!
Bringing more criminals in Zambia.They are after our ivory and minerals…lol