News

Electric firm to create 40,000 jobs

ELSEWEDY Electric group of companies has targeted to create about 40,000 jobs as it expands its presence in Zambia.

Elsewedy is an international organisation specialised in the supply, installation and commissioning of overhead transmission lines and substations for utilities and industries.

Company president, Ahmed Elsewedy said on Wednesday during the signing ceremony of a memorandum of understanding (MoU) between the company and the Zambia Development Agency (ZDA).http://epaper.daily-mail.co.zm/

Zambia ranked among the top ten safest countries to visit in 2018

The US Department of State has listed Zambia among the top ten safest countries to visit in 2018.

The department of State has based its ranking on the Global Peace Index evaluation of each country's level of militarization, domestic/international conflict levels, and societal safety and security.

The "State of Peace" for these countries all ranked as "Very High" or "High" on the Global Peace Index for 2017.

Zambia's attractive business climate wooing investors

Zambian economy continued its recovery in 2017 with the key macroeconomic indicators showing improvement from 2015 and 2016. According to the World Bank, the economic growth is forecast to increase to 4.5% in 2018 and 4.7% in 2019. Last year, the inflation rate decreased to 6.5%, and together with a stable kwacha, led to fiscal reforms and an eased monetary policy.

ZDA to grow export development fund

THE Zambia Development Agency (ZDA) anticipates to grow the Zambia Export Development Fund (ZEDEF) this year, by over US$1 million.

The funds’ Strategic Plan for the period 2017-2021, has revealed that the current loan portfolio is at US$2.4 million and the agency is optimistic to grow the fund to US$3.8 million by December this year.

Japanese Deputy Minister says Investors from his Country rank Zambia Highly

Japan's Deputy Minister for Construction, Engineering and Real Estate, Yoshiyuki Aoki, says Zambia is ranked the 10th favourite destination in Africa by Japanese companies.

Most Japanese companies surveyed have expressed interest in Zambia's energy sector, construction of roads and bridges, he said during a dialogue session here with a 15-member delegation of senior Zambian government officials.

The team, led by the Housing and Infrastructure Ministry's Permanent Secretary, Charles Mushota, is in Japan on a five-day Quality Infrastructure Development Programme.

City Maria gives hope to Blue Water Dam

FOR many years, the Ngwenya Dam has been known to be notorious for dumping of bodies, a den of crime and pollution – visiting the place has always been at owner’s risk.

Driving about 10 minutes south of Lusaka’s central business district, one is greeted by slums and in the middle of the shantytown is a huge dam developed from excessive quarrying, and is full of plastic bottles and debris and sometimes human bodies.

ZDA signs IPPA with Maria Pleasure Resort Ltd for a tourism project in Lusaka

The Zambia Development Agency has signed an Investment Promotion and Protection Agreement with the Maria Pleasure Resort Ltd for the construction of a tourism project to be constructed at a cost of USD 70 million around the Ngwenya Dam in Lusaka.

Speaking at the signing ceremony in Lusaka, ZDA board Chairperson Mary Ncube revealed that the project will involve the construction of Hotel, conference centre, apartment and related boating infrastructure around the dam.

Agriculture offers huge investment opportunities-Siliya

The new farming blocks consisting of one million hectares of land created by the Zambian government represent a unique investment opportunity in the agricultural sector says Agriculture Minister Dora Siliya.

Ms. Siliya says the initiative will lead to the creation of new agricultural towns in which agribusiness that consist of value addition, processing, packaging, exports and other logistics will emerge.

Charles Banda attracts Spanish investors

Tourism and Arts Minister Charles Banda has urged the Spanish business community to consider Zambia as a premium investment destination of choice as the Government has created and continues to build a conducive environment for investors.

Addressing over 70 Spanish companies that attended the Zambia Business and Investment Forum held in conjunction with the Madrid Chamber of Commerce, Mr. Banda has stressed that the Zambian government is encouraging investments aimed at accelerating the country’s social, economic development and progression.

SMEs to get $500,000 from export development fund

ABOUT US$500,000 will be disbursed by Zambia Export Development Fund (ZEDEF) to Small and Medium Entrepreneurs (SMEs) this year, which will benefit over 40 various producer associations.

The beneficiaries include floriculture, Gemstones, handicrafts and curious, primary agriculture and leather products among others.

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