Zambia has been highlighted by the Canadian Government as a leading investment destination in Africa, due to its political stability, sound governance, and economic potential. Initiatives to attract foreign investment, particularly in the mining sector, are underway, including a proposed Canadian trade mission to explore opportunities.
Zambia is increasingly recognized as a prominent investment destination within Africa. The Canadian Government has underscored this notion through the comments of ROB OLIPHANT, Parliamentary Secretary to Canada’s Minister of Foreign Affairs. He attributed Zambia’s appeal to its political stability, effective governance, and significant economic prospects during a meeting with Foreign Affairs Minister MULAMBO HAIMBE at the Commonwealth Ministerial Action Group gathering in London.
Mr. OLIPHANT suggested the organization of a Canadian trade mission to Zambia, aiming to connect Canadian businesses with available investment opportunities. In response, Minister HAIMBE reaffirmed Zambia’s dedication to maintaining an environment conducive to investment. Furthermore, he updated the Canadian delegation on initiatives directed at enhancing investment in the mining sector, highlighting a new high-resolution geophysical survey intended to identify favorable areas for mineral exploration.
This engagement reflects Zambia’s strategic efforts to attract foreign investments, particularly in its natural resource sector, which remains one of its economic pillars as stated by EVA CHANDA, Principal Public Relations Officer of the Ministry of Foreign Affairs.
In conclusion, Zambia’s recognition as a prime investment destination stems from its political stability, governance, and economic potential. The proposed Canadian trade mission signifies growing interest, while local initiatives such as mineral exploration surveys bolster investment prospects, demonstrating Zambia’s commitment to fostering a favorable investment climate.
Original Source: znbc.co.zm
