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China’s Hunan Provincial Development and Reform Commission says it has identified strong business potential in Zambia, particularly in the mining and tourism sectors.
Jiang Jun, Deputy Director of the Commission, called for an expansion of the trade scale between Zambia and Hunan Province. He made the remarks in Lusaka on Friday during a courtesy call on the Zambia Development Agency (ZDA) to discuss investment opportunities across multiple sectors.
Jiang said Hunan Province and Zambia would continue to optimise the business environment to support enterprise growth, investment and mutually beneficial cooperation.
“Hunan Province is one of China’s top-performing economic regions, recording a GDP of 5.53 trillion RMB in 2025 and is currently the largest African trading partner among Western Chinese provinces,” Jiang said.
He revealed that 22 Hunan-based enterprises were established in Zambia in 2025, 10 of which are already operational, with a combined investment value of US$52.4 million.
“I believe that through this meeting with the ZDA, cooperation between Hunan Province and Zambia will be further strengthened,” Jiang said.
He encouraged Zambia to increase exports—particularly minerals and agricultural commodities—into the Hunan market.
Jiang also highlighted the diverse range of products and services Hunan can supply, including construction machinery, agricultural equipment, mining technologies, healthcare products and pharmaceuticals.
“Hunan Province has strong capabilities in modern agriculture, construction machinery, infrastructure development, non ferrous mineral processing, and new energy technologies—areas that align closely with Zambia’s development priorities,” he said.
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He further invited Zambian entrepreneurs to visit Hunan Province for enhanced business engagement, noting several major expos that provide platforms for trade and investment promotion, such as the China-Africa Economic and Trade Expo, the Machinery Engineering Expo, the Transit Export General Aviation Expo, the Computer Conference and the International Tourism Festival.
ZDA Director General Albert Halwampa welcomed the delegation and highlighted Zambia’s key investment opportunities in mining, agriculture and energy.
He emphasised the national goal to increase copper production to three million tonnes and encouraged investment in large-scale agricultural production for crops such as maize, wheat and soya.
On energy, Halwampa underscored its importance to Zambia’s industrialisation agenda.
“Energy investment in solar, wind, thermal and waste-to-energy is crucial for us. We are looking for investors who can help us reach 10,000 megawatts in the shortest possible time,” he said.
He assured the Hunan delegation of ZDA’s full support once investments were established and outlined the incentives available under the investment licensing framework, including zero customs duty, accelerated depreciation and zero percent income tax for qualifying businesses in Multi-Facility Economic Zones.
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