Banda woos Spanish investors

Tourism and arts Minister, Charles Banda has urged the Spanish business community to consider Zambia as a premium investment destination of choice as the Government has created and continues to build a conducive environment for investors.

Addressing over 70 Spanish companies that attended the Zambia Business and Investment Forum held in conjunction with the Madrid Chamber of Commerce, Banda stressed that the Zambian government encouraged investments aimed at accelerating the country’s social, economic development and progression.

More than 70 Spanish companies attended the Zambia- Spain Investment forum that was held in Madrid, Spain.

This is an annual event initiated by the Zambian Embassy in France also accredited to Spain for promotion of investments into Zambia with a focus of private to private partnership.

The forum which was held on the sidelines of the Spanish International Tourism Fair, FITUR grew from strength to strength with more Spanish investors showing interest to bring their investment into Zambia.

And Banda urged Spanish companies to bring their investment opportunities to Zambia.

The Minister stressed that the Zambian government encouraged investments aimed at accelerating the country’s social, economic development and progression.

Banda reiterated government’s commitment to creating a conducive environment for all investors wishing to invest in the country’s various economic sectors.

And the Madrid Chamber of Commerce and Industry Vice President  Augusto De Castaneda said that more Spanish investors were interested to do business in Zambia and that his organization was keen to cooperate with Zambia to advance the bilateral commercial relations between the two countries.

Speaking at the same event, Zambia Development Agency Director of Investment Matongo Matamwandi urged the Spanish to consider investing in Zambia as it was competitively located.

Earlier, Zambia’s Ambassador to France and also accredited to Spain Humphrey Chibanda called on the Spanish investors to consider investing in Zambia, the country being a safe place to do business.

The Madrid Chamber of Commerce have since set up a trade and investment Mission to Zambia slated for  May 6 to 7, 2018 to take the Spanish prospective investors on a fact-finding mission.