‘ZAMBIA ATTRACTIVE FOR FDI’

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By MUKOSELA KASALWE

ZAMBIA’s improved infrastructure development in transport and communication has created an attractive environment for foreign direct investments, says Bank of China Zambia Managing Director Qi Wang.

The bank has selected Zambia as the first growth investment destination in Africa because of the stable political environment.

Mr Qi said the bank had an international network in more than 60 countries in the world, including China, where Zambian businesses could access funds for investment.

Mr Qi emphasised that Bank of China had renewed its commitment to help promote Zambia as the ideal investment destination.

This would be done through programmes such as Forum on China-Africa Cooperation (FOCAC) as the trade volumes between the two countries continue to increase.

Mr Qi was speaking when his team paid a courtesy call on the Zambia Development Agency.

This was in response to the call to work with the ZDA Chinese Desk for joint venture partnerships and trade.

Meanwhile, the ZDA acting Director General, Matongo Matamwandi thanked the Bank of China for support and commitment to Investment promotion in the country.

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