Zambia Recognized as Prime Investment Destination by Canadian Government

The Canadian Government recognizes Zambia as an attractive investment destination, citing political stability and economic potential. Rob Oliphant proposed a Canadian trade mission to enhance business opportunities while Zambia’s Foreign Affairs Minister, Mulambo Haimbe, reaffirmed commitment to a favorable investment climate, particularly in the mining sector.

Zambia has been highlighted as one of the most attractive investment destinations in Africa, according to the Canadian Government. This assertion was made by Rob Oliphant, the Parliamentary Secretary to Canada’s Minister of Foreign Affairs, who noted political stability, good governance, and strong economic potential as key factors contributing to Zambia’s favorable investment climate.
During a bilateral meeting with Zambia’s Foreign Affairs Minister, Mulambo Haimbe, Mr. Oliphant suggested the organization of a Canadian trade mission to facilitate Canadian businesses in exploring investment opportunities in Zambia. Minister Haimbe expressed Zambia’s dedication to creating a supportive environment for foreign investments.
Furthermore, the Minister briefed the Canadian delegation on Zambia’s initiatives to attract investments, particularly in the mining sector. This includes a newly initiated high-resolution geophysical survey aimed at identifying areas rich in minerals for further exploration. The information was disseminated through a statement from Eva Chanda, the Principal Public Relations Officer at the Ministry of Foreign Affairs.

In summary, Zambia’s investment potential is recognized by the Canadian Government, emphasizing its political stability and economic growth. Proposals for a Canadian trade mission signify a mutual interest in enhancing investment relations. Additionally, Zambia’s proactive measures in the mining sector showcase its commitment to attracting international investments, thereby reinforcing its standing as a desirable investment destination in Africa.

Original Source: znbc.co.zm