Over two thousand jobs are expected to be created after Chinese investors take over the Munali Nickel Mine and Luashya Copper Mines.
Chinese Ambassador to Zambia LI QUIANGMIN said that the mines will soon be opened and that negotiations are going on well.
Mr QUIANGMIN assured government that chinese investors will immediately take up companies that closed down due to the financial global recession.
He said that Zambia has proved to be have good investment opportunities for the chinese businessmen..
Mr QUIANGMIN was speaking last night during the launch of the standard Chartered Bank China-Africa Network in Lusaka.
He said that china will continue to increase its corporation and assistance to the Zambian government.
And Standards Chartered Southern Africa Chief Executive Officer WASHINGSTON MATSAIRA said that SME banking is a strategic business and a key platform for future growth.
Meanwhile, Standard Charted Bank Zambia Managing Director MIZINGA MELU said that China -Africa Network initiative is designed to assist SME conduct cross border business and facilitate trade between Zambia and China.
Ms MELU said that despite the global recession China has continued to invest in Zambia.
[ZNBC]
China does it again !
Yaba……we’ve been hit by, we’ve been struck by, a smooth criminal!
Iyee tata mayo ubufi ubo yeee? Kwati nomba Zambia bashitisha kuli China imwe mwebantu.
Anyway fikachinja after 2011.
More like resuscitated. They were originally lost when the mine was closed. All the same, good luck, and hope you are not paid ma five zali
Yes employment will be created 200 jobs but the whole purpose will be defeated by low salaries and poor safety observance by these investors. The Govt is very much aware of these prevailing working conditions but are zee. May be some one has been bribed. What is happening to China – Zambia Mulungushi Textiles plant in Kabwe. It has been zee and nobody is talking about it? Next time we shall hear the mchinery has been stripped and shipped to West Africa. That is a huge investment going to waste. Do we have economists who care about GRZ investments?
It’s butter icing.By the was when are the elections?
It’s butter icing.By the way, when are the elections?
…and then what after that? When all our Nickel and copper is exploited and the chinese go back to their land. People lose jobs again and left with nothing to leave on after that and zambia gains little put nothing from this all thing. Just what is the long term insurance does Zambia have from this sugar coated deal? Just hope its not another short term solution to our ever occuring problems
It’s a lie of the century
We shouldnt blame the Chinese. Nobody can just come into your house unless you let them in. We need to address HOW we let outsiders in to benefit from our resources why our people dont. Only our leaders can explain this – what do they offer the Chinese, is there corruption, what exactly do they expect as benefits to Zambians. The Chinese have not come with guns. So we have had time to reason with them. How good is out business reasoning, our negotiations with them?