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Friday, January 20, 2006

Chinese Investments Grows in Zambia

Association of Chinese Corporation in Zambia (ACCZ) president Tao Xinghu has said that there has been an increase in Chinese investments in Zambia. There are 160 Chinese companies with investment totaling US $ 316 million and employing over ten thousand people.

In 2005 ACCZ invested in 12 projects amounting to US $ 4.1 million and created 1,230 jobs. Chinese rank third biggest investors on list of the Zambia Investment Centre (ZIC). Chinese Charge D’affaires Zhao Zhanbin expects more Chinese investment in Zambia because of the prevailing conducive environment. But Zambia could not avoid that. After all China’s investment and exports are ubiquitous in the world to day.

Tao Xinghu explained that ACCZ promotes bilateral and trade relations including investment between Zambia and China. He said this at the association secretariat in Lusaka Zambia’s capital city. If the Chinese can see the investment opportunities in Zambia’s tourism and safaris then you should seize the opportunity too. And Zambian tourism is huge and can absorb much more investment.


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