Friday, April 19, 2024

Russian delegation seek investment in Zambia

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A delegation from Russia is in Zambia to explore opportunities of investments and collaboration in areas of agriculture, mining and technology with the Zambian government.

The delegation who this morning paid a courtesy call on Lusaka Province Minister Bowman Lusambo notes that Zambia stands out as a strategic partner in investment, due to the transparency and openness exhibited by its people.

Head of delegation Masambaka Kah who is also Director of Industrial Education said his team wants to create partnerships in agriculture, education and industry, as Zambia and Russia have similar climatic conditions which he said makes it easier to share technologies, to advance the agriculture sector.

And Mr Lusambo stated that with a view of diversifying the economy from mining, the people of Zambia require technological knowledge to grow the agriculture sector.

Mr Lusambo also noted that there are opportunities in livestock and aquaculture which he said could lead to the growth of the economy when fully exploited.

He praised the Russian government for support rendered in the agricultural sector, saying Zambia and Russia started collaborating in many areas of development during the Kaunda era.

The Provincial Minister added that the initiative to form cooperatives which Zambia has developed over the years was adopted from the Russian people.

Mr Lusambo explained that the cooperatives have proved to be an effective tool of empowering the local people especially in the agriculture sector.

He said that Zambia stands out to be the destination of investments due to its strategic location, peaceful people and the development of both air and road transport.

Meanwhile, Lusaka Province Permanent Secretary Elias Kamanga said the government has secured 100, 000 hectares of land for the development of a farming block in Chief Shikabeta’s area in Rufunsa district.

Mr Kamanga appealed to the team to consider partnering with the Provincial administration to invest in the area, and help expand development in the agriculture sector.

15 COMMENTS

  1. My bro lusambo is working too hard. The Russians are good partners. I even received some nice whisky from them from my inlaws who I was forced to have because apparently I have a Russian side chick.

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  2. Meawhile in racist violence is a mounting problem in Russia. Members of ultra nationalist and other groups regularly harass or attack Africans

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  3. Meawhile racist violence is a mounting problem in Russia. Members of ultra nationalist and other groups regularly harass or attack Africans

    Kaiser Zulu kind of you inlaws that see you as a baboon ,

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  4. We do not need Russians in Zambia, too racists towards African folks. Many Zambians I have come across who have to Russia to study, have returned back home hooked on vodka

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  5. Africa is the true future world diverse economies hub. Unlike China Africa is diverse and amazing for inter trade. Reason all these foreign entities want a piece.

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  6. The Russians are racist but the English who colonised you and sold your forefathers as slaves are angels because they are keeping your there in diaspora. This is how f00lish brainwashed apes like you behave. Why do you go to Russia if you feel every one of them is racist? Stay in Zambia and marry a Russian, or are you not man enough to persuade them to move here? As for black scouser you are just a beggar there in UK where they throw bananas at you and you clean people’s backsides in old people homes. At least we are doing serious business with Russians. A grey haired toilet cleaner ati tuli ku England.

  7. Oh, oh, there is something in the statement that has left me confused about the climate!! I have never been to Russia but when you talk about Zambia and Russia have similar climate is totally wrong. it snows like hell in Russia whilst Zambia don’t and in Zambia we have the best climate in Africa if not in the world, these guys wants to invest in Zambia because they know that our climate is very conducive for agriculture purposes. I would have agreed if he mentioned about supplying as with machinery, Do the same Russian people owns any farms or is just one way for them to get into our country and do other business dealings, We need to have checks and balance for these people. There is a scramble for Africa going on among western civilisation everyone wants to have a piece of land in…

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