By 
Zambia is seeking to strengthen economic ties with Luxembourg, with Ambassador Mary Chirwa signalling readiness to finalise a development cooperation agreement aimed at boosting investment and long-term growth.
Chirwa made the remarks on Saturday after presenting her letters of credence to His Royal Highness Grand Duke Guillaume at the Grand Ducal Palace in Luxembourg.
She said in a statement that the agreement would facilitate structured collaboration and attract increased foreign direct investment into Zambia’s stable and investor-friendly environment.
Following the presentation, Chirwa met with Georges Ternes, director general for development cooperation at Luxembourg’s Ministry of Foreign and European Affairs, Defence, Development Cooperation and Foreign Trade, and Touraya Triki, director in the international partners department at the European Investment Bank.
Read more: Economist calls for more aggressive approach to unlock domestic direct investment
The meetings provided an opportunity to showcase Zambia’s economic potential and investment opportunities.
Luxembourg welcomed Chirwa’s appointment, noting her background as a forensic accounting expert specialising in financial crime investigations aligns with the European Union’s environmental, social and governance (ESG) priorities.
“Luxembourg is a premier financial hub in Europe serving as a lending centre for investment funds as well as a key hub for green finance and international insurance,” Chirwa said.
“I look forward to leveraging the country’s financial capabilities and the expertise it offers in technology and finances,” she said.
Chirwa added that President Hakainde Hichilema’s development vision aligns with that of Grand Duke Guillaume, noting that shared goals could further strengthen the long-standing friendship between Zambia and Luxembourg.
She emphasised that Luxembourg presents a strategic partnership opportunity, with increased investment supporting Zambia’s transformation agenda under the Eighth National Development Plan and Vision 2030, which aim to accelerate growth, reduce poverty, and achieve middle-income status by 2030.
During her visit, Chirwa also met Valérie Heyman, deputy director for political affairs and Africa director at Luxembourg’s Ministry of Foreign and European Affairs, and began her programme with a courtesy meeting with Chief of Protocol Olivier Baldauff on March 11.
WARNING! All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express permission from ZAMBIA MONITOR.
Comments