Chinese firms are expected to invest in various economic sectors in Zambia’s Northwestern province, the development that will result in enhanced economic growth in the region, an industry group said on Friday.
Mukumbi Kafuta, president for Northwestern Chamber of Commerce and Industry said increased investment in the province will boost the economy of the region and the country as a whole.
“Following the Northwestern Trade Expo that was held in the province, we expect some investors from China, this is based on the inquiries that have been received by the Chamber,” he said in an interview.
Kafuta said Chinese investments especially in mining and agriculture will enhance development in the province.
He said the members of the Chamber in the province were ready to partner with the would-be investors from China.
According to Kafuta, the province has a lot of investment opportunities.
“The region is heavily endowed with natural resources such as minerals and arable land for agriculture,” he said.
And Joshua Ntitima, a Solwezi-based entrepreneur, said partnerships with foreign investors will improve capacity in the local investors.
Ntitima said a lot of businesses were unable to commence their economic ventures as a result of lack of capital.
Further, Ntitima observed that in Africa most entrepreneurs were going into partnership with foreign investors to activate their business ventures for job creation. Enditem