Zambia trade zone gets $800m funding

Companies from the Chinese mainland have made a commitment to accelerate investment in Zambia under agreements valued at $800 million.

Zambian President Edgar Lungu witnessed the signing of the deals on Tuesday between the Zambia-China Economic and Trade Cooperation Zone, developed by China Nonferrous Metal Mining Corp, and 11 companies. The event took place during a bilateral economic, trade and tourism forum in Beijing.

The companies will develop projects covering infrastructure, manufacturing, agriculture, tourism, logistics and alternative energy in Zambia.