VICE-PRESIDENT Mutale Nalumango has assured Indian investors that their investments in Zambia are safe due to the conducive investment climate and political stability that the country enjoys.Ms. Nalumango says she is aware that the Indian business sector has already staked US$5 billion for investment in Zambia and that such investments will be protected by law.“Zambia believes in the rule of law and that the Zambia Development Agency mandated to promote investments has power to grant investment protection agreements.” Ms. Nalumango stated.She was speaking at the 17th Confederation of Indian Industries (CII) EXIM Bank India Africa Growth Partnership Conclave in New Delhi.The conference has attracted over 600 government and business representatives and 500 local firms.Four African High level leaders are attending the meeting along with 35 government ministers, under the theme, Creating Shared futures.Ms Nalumango said Zambia is open for business and has great need for more partnerships in various sectors of the economy.She described trade […]
Veep assures Indian investors
