VEEP assures Indian Investors

(ZANIS) Vice President, MUTALE NALUMANGO has assured Indian investors that their investments in Zambia are safe.

Mrs. NALUMANGO says she is aware that the Indian business community has already set aside Five billion dollars for investment in Zambia.

She says Zambia believes in the rule of law and that the Zambia Development Agency -ZDA-, mandated to promote investments, has power to grant Investment protection agreements.

ZANIS reports that Mrs. NALUMANGO said this when she addressed the 17th Confederation of Indian Industries EXIM Bank India-Africa Growth Partnership Conclave in New Delhi, India.

She urged African countries and India to take advantage of the African Continental Free Trade Area, in order to scale-up trade and investment.

And opening the conference, India’s Minister of Commerce and Industry, PIYUSH GOYAL assured Africa of his country’s commitment to supporting the continent’s social economic transformation agenda.

Mr. GOYAL said India’s 17 year development cooperation with Africa, under the Exim Bank India Africa Growth Partnership, has given Africa a platform to build social economic bridges for the benefit of her people.

The post VEEP assures Indian Investors appeared first on .