CNBM is an example of the positive impact that Chinese investment can have in Zambia, says a report recently issued by the Policy Monitoring and Research Centre. The report introduces the background of Chinese investment in Zambia, and gives a detailed analysis of CNBM’s investment in Zambia in terms of results, impact and future plans. In addition, the report also put forward constructive recommendations on Chinese investment in Zambia before making a conclusion.
The results of this study show that Chinese investment in Zambia has made valuable contributions to Zambia’s economic development and has grown rapidly in the past few years. With the support and encourage of the Chinese government, over 600 firms are operating in Zambia with an investment level of over US$3 billion (CNY21 billion). Among others, significant investments have been made targeting the mining, manufacturing and construction sectors. CNBM is an outstanding example of the positive impact that Chinese investments have had in Zambia. Having invested more than US$190 million (CNY1.1 billion) in Zambia, CNBM created a number of job opportunities for local people. Besides, the company has a positive impact on Zambia’s industrialization agenda and plays a key role in strengthening community ties and improving local people’s livelihoods.
In the future, CNBM has plans to generate power from cement kiln waste gases. Converting heat energy into the waste gas can reduce energy consumption and diminish waste gas pollution, conciliating ecological and economic development.