How Zambia, China are ramping up economic relationship —President Hichilema


Investment deals worth over US$1 billion in various sectors of the economy have been signed between 18 Zambian and Chinese companies.

The sectors include mining, energy and agriculture.

The Zambia Development Agency (ZDA) has also signed a Memorandum of Understanding with the Chinese Association of Zambia to develop multi facility economic zones in all the provinces.

These developments came to light at a China-Zambia high quality development forum which opened in Lusaka on Wednesday.

Read more: China-Zambia bilateral trade sees 77.6% increase, Hichilema praises strong investment bonds

President Hakainde Hichilema during the official opening of the forum said the country was keen to see more investments and joint ventures between Zambia and China.

President Hichilema said he had agreed with his Chinese counterpart during his state visit to China in September, 2023 that the two countries would deepen trade and investment in 2024.

“When we have more investments between the two countries, our people will benefit a lot and it will change the status of our countries,” Hichilema said.

Chinese Ambassador to Zambia Du Xiaohui said his government was ready to engage in a win-win cooperation with other countries.

Meanwhile, Commerce, Trade and Industry Minister, Chipoka Mulenga, said economic and trade relations between Zambia and China were expected to deliver high quality development.

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