LUSAKA, (MILLAT ONLINE/APP/Xinhua): China is among Zambia’s top investing
countries, Minister of Commerce, Trade and Industry Margaret Mwanakatwe said
Monday.
She said China and South Africa are the two major sources of investment
for Zambia, which helped raise investment pledges to a total of 3 billion U.S. dollars last year alone.
About 500 million dollars of them are already in place and will help
spur economic growth and create more jobs in the African country, she said in a statement.
The minister said the Zambian government has taken measures to boost
economic diversification. Zambia’s economy has now a positive outlook as
inflation is under control at 6.7 percent while the exchange rate is stable.