Investment Agency ZDA secures Funds to foster further Trade and Investment

22 Apr 2018 | Mu Xuequan (Xinhua Net)
Zambia Development Agency

On 19 April Zambia’s investment agency, ZDA, signed a memorandum of understanding (MoI)with a bank aimed at improving cooperation between the institutions in fostering investment and trade in the economy. Under the agreement, the Stanbic Zambia will facilitate trade opportunities in Zambia within its regional and global business community and direct companies looking to invest in Zambia to the Zambia Development Agency (ZDA). The agreement will further allow the investment agency to support companies within the bank’s ecosystem in their investment projects and ease of Doing Business in Zambia.

“The MoI we are signing is an illustration of our willingness to strengthen our cooperation in fostering development in Zambia,” Leina Gabaraane, the bank’s chief executive officer said during a signing ceremony. He said the bank, a subsidiary of South Africa’s Standard Bank Group which has also formed a strategic partnership with the Industrial and Commercial Bank of China (ICBC), has come up with a growth strategy which allows it to get a direct link to the government to facilitate its participation and support in national development. According to him, the bank in partnership with ICBC has invested over US$ 2.8bn in infrastructure development projects in Zambia, with more projects planned.

Perry Mapani, director-general of the investment agency said the agency’s strengths have been complemented by the bank’s desire to boost investment in the local economy. He said the agreement will allow the two parties to join forces and promote Zambia’s vast economic opportunities to the outside world and turn it into a key investment destination in Sub-Saharan Africa.

Readers Comments | Mon, 07 May 2018 15:20:36 +0200
Do You Seek Funds To Pay Off Credits and Debts? { } Is Here To Put A Stop To Your Financial Problems. We Offer All Kinds Of Loan (Personal Loan, Commercial Loan, etc.) We Give Out Loan With An Interest Rate Of 1.00%. Interested Applicants Should Contact Us Via Email: Please Fill the Application Form Below: - Complete Name: - Loan Amount Needed: - Loan Duration: - Purpose Of Loan: - City / Country: - Telephone: - How Did You Hear About Us: If You Are Interested To Get A Loan Then Kindly Write Us With The Loan Requirement. Please, Contact Us via email: