Patrick Chisanga, the investment agency’s director-general said exports to the neighboring country will fall this year on account of declining demand for mining-related inputs, according to a statement posted on the investment agency’s website.

exports
exports

Exports to the DR Congo, he said, will decline to 700 million U.S. dollars in 2015 from 799.8 million dollars in 2014.

The official has attributed the decline in demand for mining related inputs such as lime and sulphiric acid by DR Congo from Zambia due to a slowdown in demand for copper by China.

DR Congo is Africa’s largest producer of the red metal followed by Zambia.

The official however said Zambia intends to increase exports to the neighboring country next year to about 40 percent from 30 percent by diversifying its exports instead of only relying on copper-related inputs. Enditem

Source: Xinhua

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