$22m projected to be invested in Zambia by South African investors

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Over US $228 million is expected to be injected in the Zambian economy by different South African investors operating in Zambia.

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

He mentioned that twenty four investment certificates were granted to the investors through the Zambia Development Agency (ZDA) in 2019 with six being renewed licences

The High Commissioner 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.

He said it was 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 media statement made available by First Secretary for Press and Public Relations at the Zambian Embassy in South Africa Naomi Nyawali.

The Independent Observer

John Sakala is a Journalist yearning for independent journalism

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