Zambia has received trade and investment pledges from Chinese companies of around US$3.2 billion, said the country’s commerce, trade and industry minister, Margaret Mwanakatwe.
Mwanakatwe was cited by the daily newspaper, Times of Zambia, as saying that this would include a cable manufacturing company plant to be located at the Lusaka South Multi-Facility Economic Zone (MFEZ). She said the project was an agreement between Dana Holdings of Zambia and Far East Cable Manufacturing Company Limited of China.
The establishment of a US$$20-million cement plant in Lusaka is reportedly also on the cards, with a deal between Buffalo Consortium Limited of Zambia and Jidong Development Group Company Limited to be signed soon. The plant will have a cement production capacity of 1.5 million tonnes per year
“These projects will start during the course of this year,” said Mwanakatwe.
Zambia and China to sign development deals of up to US$3.2bn
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