The Canadian Government acknowledges Zambia as a leading investment destination in Africa, citing political stability and strong economic potential. Discussions between Canadian officials and Zambian Foreign Affairs Minister highlighted a proposed trade mission and ongoing efforts to attract investments in the mining sector.
Zambia has recently been recognized as a premier investment destination in Africa, according to the Canadian Government. During a bilateral meeting held amidst the Commonwealth Ministerial Action Group meeting in London, Mr. Rob Oliphant, Canada’s Parliamentary Secretary to the Minister of Foreign Affairs, underscored political stability, effective governance, and significant economic potential as key factors contributing to Zambia’s appeal for investors.
In light of this positive assessment, Mr. Oliphant proposed the organization of a Canadian trade mission to Zambia, aimed at introducing Canadian businesses to the diverse investment opportunities available in the country. In response, Minister Mulambo Haimwe expressed Zambia’s dedication to creating a conducive environment for investment, reinforcing the nation’s commitment to attracting foreign capital.
Minister Haimwe also provided an update on Zambia’s initiatives aimed at boosting investment in the mining sector. He highlighted a recently initiated high-resolution geophysical survey designed to identify areas rich in minerals for prospective exploration. This information was shared in a statement released to ZNBC News by Eva Chanda, Principal Public Relations Officer of the Ministry of Foreign Affairs.
Zambia is positioned as a highly attractive investment nation in Africa, supported by political stability and a commitment to good governance. The proposal for a Canadian trade mission highlights ongoing efforts to enhance investment opportunities, particularly in the mining sector, with initiatives aimed at mineral exploration. The collaborative approach between Canada and Zambia reflects a promising economic partnership moving forward.
Original Source: znbc.co.zm
