US$ 228 Million to be Pumped into the Economy of Zambia by Various South African Investors

By Abdul Rahman Suagibu –

Photo Credit: Depositphotos

NEW AFRICA BUSINESS NEWS, Freetown, Sierra Leone- SOUTH AFRICA, US$ 228 million has been announced by the Zambia Mission in South Africa that is pretty much soon to be pushed in the Zambian economy by various South African investors operating in the country.

Major General Jackson Miti -Zambia’s High Commissioner to South Africa disclosed that, about 1000 jobs will be created as soon as the investment portfolios are fully actualized.

Major General Miti noted, twenty-four investment certificates were granted to the investors through the Zambia Development Agency in 2019 with six being renewed licenses. He stated that, agriculture and manufacturing sectors has taken the lead in the investment portfolios in terms of capital investment and jobs to be created.

He furthered that, other sectors that have gained attentions in the investments includes tourism, transport and service sectors among others.

He expressed total gratifications to the Zambia Development Agency to expedite and effectuate facilitation of investment opportunities for the South African investors. He said, it is worthy to note that, Zambia has remained a country of choice for various investments owing to her stable economic and political environments.

He maintained that, the Mission will improve its engagements with different investors through the Zambia- South Africa Business Forum in order to attract more investments in different sectors of the Zambian economy, a statement from Naomi Nyawali – First Secretary Press and Public Relations at the Zambian Mission.

For New Africa Business News Abdul Rahman Suagibu Reports,  Africa Correspondent

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