Zambia wants to attract two billion USD of investments for infrastructures

3 February 2011

Zambia has just announced its intention to attract two billion dollars in direct foreign investment in 2011 in order to develop its infrastructures.

The Zambian Development Agency (ZDA) has announced that it will be focusing on the development of roads, railways and energies in order to stimulate economic development, reports the Zambia Daily Mail.

Andrew Chipwende, director of the ZDA, told the Xinhua press agency on January 22 that it was crucial for Zambia to obtain the means to ensure that the influx of foreign investments in the construction of infrastructures continues.

Chinese investments in Zambia exceeded a billion dollars in 2010. Last Monday, the Chinese ambassador in Zambia, Li Qiangmin, announced that China will continue to invest in this country.

"We set great store by our relationship with Zambia. Despite the crisis, Chinese investors will continue to come here", said the ambassador, quoted by Agence France Presse.

Categories: Transport, Energy

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