Pretoria - Zambia’s manufacturing sector has great potential with abundant natural resources presenting investment opportunities for South African business, says Zambia’s Development Agency.
Speaking at a trade and investment seminar hosted by the Department of Trade and Industry (dti), Director of investments at the Zambia Development Agency (ZDA), Agnes Chaila, said her country’s manufacturing sector presents viable opportunities for South Africa.
Chaila’s comments come as a business delegation, led by the dti, is in Zambia on an Outward Selling Mission (OSM).
She said South African firms can access investment opportunities in this sector which accounts for about 11% of the country’s Gross Domestic Product (GDP).
“Zambia is also in need of infrastructure development and with their extensive experience, South African business people can partner with local firms to access investment opportunities that this sector has to offer. The 80 000 kilometre roads projects is one example of an investment opportunity for the South African firms,” said Chaila.
She reiterated that Zambia was open for business.
“We are inviting business people who will partner and take advantage of our priority sectors especially the agricultural, energy, manufacturing, infrastructure, tourism and the mining sectors,” said Chaila on Wednesday.
The trade mission will include business-to-business meetings and site visits to the Lusaka South Economic Zone and Roma Industrial Park.
The South African business people taking part in the mission are from the agro-processing, built environment professionals, capital equipment, electro-technical, infrastructure, metals, chemicals and pharmaceuticals sectors. – SAnews.gov.za
