POST Online Media Lite Edition


Zambia trade zone gets $800 million funding

Staff writer |
Companies from the Chinese mainland have made a commitment to accelerate investment in Zambia under agreements valued at $800 million.

Article continues below

Zambian President Edgar Lungu witnessed the signing of the deals between the Zambia-China Economic and Trade Cooperation Zone, developed by China Nonferrous Metal Mining Corp, and 11 companies. The event took place during a bilateral economic, trade and tourism forum in Beijing.

The companies will develop projects covering infrastructure, manufacturing, agriculture, tourism, logistics and alternative energy in Zambia.

Zambia Consolidated Copper Mines Ltd, the long-term partner of CNMC, signed agreements with CNMC Developing Investment Co Ltd, West China Cement Ltd and China XD Group Corp for three separate projects involving cement plants, oil refining and copper cables.

At present, China mainly invests in infrastructure construction and mining in Zambia.

What to read next

Zambia and Congo sign bilateral trade agreement
Zambia and China sign $64 million deals
Zambia launches $1 billion One Belt Chinese investment platform