South African investors in the Country

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A team of 25 delegates high profile South African Investors have arrived in Lusaka ahead of a five days Trade and investment Mission.

The delegation whose main focus sectors are Steel, Energy, Rail and Mining will hold meetings with Government Ministries and the private sector.

Zambia’s High Commissioner to South Africa Emmanuel Mwamba who has accompanied the Delegation says the team will also participate in the Zambia International Mining and Energy Exhibition conference that is scheduled to take place at Mulungushi Conference Centre on June 18th to 20th this month.

He has indicated that the continued interest by the South African Government highlights the warm bilateral relations and the confidence that investors have in Zambia’s economy, its investment and trade environment.

Mr Mwamba said that the investment mission was one of the results of continued interaction by the Zambian High Commission in South Africa with South African Public and Private Investors in an effort to raise Zambia’s investment profile under the framework of Zambia’s Economic Diplomacy policy.

This is according to a statement issued to ZANIS in Lusaka yesterday by the First Secretary for Press and Public Relations at the Zambian High Commission in South Africa, Naomi Nyawali.

The Mission is organised by the Trade Invest Africa (TlA), a division of South Africa’s Department of Trade and Industry (the DTI) mandated to champion South Africa’s trade policy through an investment-led approach and to promote mutually beneficial trade and investment relations.

The South African delegation comprises the Export Credit Insurance Corporation (ECIC), the Development Bank of South African (DBSA) and the Industrial Development Corporation of South Africa (IDC).