Tuesday, June 18, 2024

$ 228 million expected to be injected in the Zambian economy by different South African investors

Share

The Zambian Mission in South Africa has said over $ 228 million is expected to be injected in the Zambian economy by different South African investors operating in the country.

Zambia’s High Commissioner to South Africa Major General Jackson Miti says about 1000 jobs will be created once the investment portfolios are fully actualised.

Major General Miti said 24 investment certificates were granted to the investors through the Zambia Development Agency in 2019 with six being renewed licences

He noted that agriculture and manufacturing sectors were leading the investment portfolios in terms of capital investment and jobs to be created.

Major General Miti added that other sectors that have attracted investments included tourism, transport and service sectors among others.

He has since expressed gratitude to the Zambia Development Agency for speedy and efficient facilitation of investment opportunities for the South African investors.

Major General Miti said it is gratifying to note that Zambia has remained a country of choice for various investments owing to her stable economic and political environments.

Major General Miti mentioned that the Mission will enhance its engagements with various investors through the Zambia- South Africa Business Forum in order to attract more investments in different sectors of the Zambian economy.

This is according to a statement issued to the media by First Secretary Press and Public Relations at the Zambian Mission in South Africa Naomi Nyawali.

7 COMMENTS

  1. Blah blah blah just empty talk….South Africa is in need of investors as well…dont bring farmers grabbing land from locals as investors…and dont bring suppermarkets and chain stores

  2. Granting of an investment licences doesnt mean actual money will be flowing into the country. All it means is you are free to operate a business in the country and are free to take out ten times more than whatever you have brought as initial investment. Examples being chain stores shoprite, pick and pay etc..

  3. Investors to milk the draining ecnomy.What investment can they
    bring? Apart from chainstores like
    supermarkets.They milk the little
    forex which the country is producing.

  4. The prevalence of mental disease.Get help fast.Before it is too late.Do not be ashamed to see a psychiatrist.The life you save might be your own.Peter Carlos Hinds.

  5. We are glad for the investments.Look at what a little effort has done.Well.do no stop there.Aim for the stars.what is the difference between one thing impossible and done and a greater miracle.Mr Jackson you are not forgotten.Efficiency does not go unrewarded.Peter Carlos Hinds.

Comments are closed.

Read more

Local News

Discover more from Lusaka Times-Zambia's Leading Online News Site - LusakaTimes.com

Subscribe now to keep reading and get access to the full archive.

Continue reading