FDIs

Embracing of Chinese investment in Zambia will enhance the investment portfolio in Zambia and cement the bilateral cooperation between the two countries, a civic leader has said.

Deputy Mayor of Chingola town on the Copperbelt Province Kennedy Simpasa said embracing Chinese enterprise will bring in enhanced investment in the district and the country as a whole.

He cited the Zambia China Cooperation Zone (ZCCZ) as one of the Chinese investments that has created jobs for Zambians.

“People in Zambia are happy with the investment flow from China, in various economic projects, which are adding value to Zambian economy,” he said.

For Zambia, he said infrastructure development will bring about new investment not only from China but other countries as well.

“There is great need to commend the Zambian government for having embraced the Belt and Road Initiative, to improve on infrastructure across the country,” he said. Enditem

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