Investors Jostling to Enter Zambia
The Zambia Investment Centre (ZIC) has recorded a 190 per cent increase in investment pledges for the period January to October 2005 ZIC public relations manager Sharon Sichilongo has announced. These investments are envisaged to create 7,682 jobs countrywide and will contribute directly to poverty alleviation.
Over this period, the centre has recorded investment pledges worth US $208,436,985 against US $107,339,637 recorded in the same period the previous year.
"In terms of the number of projects, ZIC has issued investment certificates to a total of 110 projects between January and October last year. She added that ZIC was further impressed that last year's projects were of better quality than the previous year's, with most of them in manufacturing.
The manufacturing sector recorded the highest investment pledges at US $74,566,848, with mining in second place at US $62,483,548 and agriculture at US $23,870,928. Hot on the hills was tourism. The tourism sector recorded US $20,987,990 while the service sector recorded US $15,502,162.
Over this period, the centre has recorded investment pledges worth US $208,436,985 against US $107,339,637 recorded in the same period the previous year.
"In terms of the number of projects, ZIC has issued investment certificates to a total of 110 projects between January and October last year. She added that ZIC was further impressed that last year's projects were of better quality than the previous year's, with most of them in manufacturing.
The manufacturing sector recorded the highest investment pledges at US $74,566,848, with mining in second place at US $62,483,548 and agriculture at US $23,870,928. Hot on the hills was tourism. The tourism sector recorded US $20,987,990 while the service sector recorded US $15,502,162.
posted by Enestle Zimba @ 4:32 PM
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