Outgoing Chinese Ambassador to Zambia YANG YOUMING, says Zambia is the 2nd largest destination of Chinese investment in Africa.
Mr. YANG says there has been an increase in both private and public Chinese investments to Zamia.
He has attributed this to the stable and conducive environment which has continued to attract direct foreign investment.
Mr. YANG was speaking in Lusaka today, when he met Housing and Infrastructure Development Minister Hon. Ronald K. Chitotela MP. to bid farewell.
The Chinese envoy assured the Minister that the Chinese government will continue to support Zambia.
“China will continue to support the government of Zambia in its effort to diversify financing options of infrastructure projects.” Mr YANG said.
He added that Zambia should continue prioritising infrastructure projects which once finished will help improve the country’s economy.
And Mr. CHITOTELA said Zambia has seen an upswing in infrastructure development during Mr. YANG’s tenure.
He said CHINA is helping Zambia to undertake milestone infrastructure projects which include the Kenneth Kaunda International Airport, the Ndola International airport and the specialised hospital among others.
Mr. CHITOTELA has thanked Mr. YANG for playing a pivotal role in ensuring that Zambia put up an international conference centre ahead of hosting the African Union summit in 2022.
“ You played an important role to ensure that Zambia starts putting up an ultra modern international conference, for that Zambia will forever be grateful.” Mr. Chitotela said.
The Minister added that Zambia is now a shining example in the region in terms of infrastructure development.
corruption corruption every day….chinese are coming
These Chinese are screwing our a.rses
Zambia, Chinese wasteland. Shame!
Meanwhile Ivory, Pangolins, Rhinos, land are disappearing
Zambia is the 2nd largest colony of China in Africa. We have totally sold out on everything to the Chinese, very sad
@Obatala. Very true its cry the beloved country
But ma Lipota ya LT! How can you tell us about the second without telling us who is the first?? Ni journalism ya bwanji iyi?
LT are just like you. All they’ve done is create a website , copy stories from other sites and pastes them on theirs. They can’t edit them because they are encrypted. So stop blaming them.
The Chinese are every where damn Zambia what happened Avic is every where damn
That doesn’t sound good to me. Our own people are left without Jobs or lands
That’s the biggest lie ever told.If indeed Zambia is the 2nd largest recipient of Chinese investments why have ten Chinco firms taken their Africa headquarters to Nairobi?
AVIC =Nairobi.
China China Central Television =Nairobi.
Bank of China- Nairobi.
China Huawei – Nairobi.
Xinhua News Agency-Nairobi.
Because its the first…
Good maybe. But does Chinese Communist Party support Socialist Party? It would be metaphysically hypocritical to say “no”
That is why UPND must go! It is a bug for instability!
WHAT HAVE THE UPND GOT TO DO WITH CHINESE TAKING OVER ZAMBIA – IT’S THE PF THAT IS ALLOWING THESE PEOPLE TO HAVE MORE RIGHTS THAN ZAMBIAN CITIZENS !!!!!!!!!!!!!!!!!!!!!!!!! THEY HAVE THE GOVERNMENT, THE POLICE, CUSTOMS AT BORDERS ALL IN THEIR POCKETS. STOP BLAMING UPND FOR PF LOOTING !!!!!!!!!!!!!!!!!!!!!!!
This will make the tribal Humpty Dumpty party jealousy! Guys keep on developing this thing and let it die of jealousy.
@10 Victor, WHAT development when everything is shrouded in OPAQUE PROCUREMENT, WITH INFLATED PRICING ON CONTRACTS,LEAVING US IN MORE POVERTY AND DEBT WHILE FOREIGNERS ESPECIALLY CHINESE CART AWAY DOLLARS and OUR PRECIOUS NATURAL RESOURCES and CONTROL OUR LAND!!
Hh pleas where are you ? This thing called Sharon goes made and becomes Victor when you are not seen and starts posting anyhow …..pleas HH show your self…
“ You played an important role to ensure that Zambia starts putting up an ultra modern international conference, for that Zambia will forever be grateful.” Mr. Chitotela said.
Was it for free ?? Was that a free gift to the people of Zambia ?
Nothing to boast about. Zambia is not benefitting because the networthy of these investments is in favour of China. Only a few Zombies who get cuts as commission for issuing fake work permits benefit.
Stable has a lot of meanings. Some include a pliable, docile population that has no clue what to do with they have. It can also mean the absence of meaningful dissent when things go wrong… Either way, the investor is always the winner in “stable” investment opportunities and destinations.