Current location:politics >>
Zambian bank hails Chinese investment contribution to economic development
politics7628People have gathered around
IntroductionLUSAKA, April 6 (Xinhua) -- A Zambian bank has commended the contribution of Chinese investment and ...
LUSAKA, April 6 (Xinhua) -- A Zambian bank has commended the contribution of Chinese investment and businesses to the country's economic development.
Zambia National Commercial Bank (Zanaco) PLC said investment figures show that Chinese investment and businesses were playing a vital role in the country's economy, contributing significantly to growth, job creation and infrastructure development.
"The partnerships between Chinese companies and Zambian entities have fostered economic development and enhanced trade relations between our two nations," said Mukwandi Chibesakunda, the bank's chief executive officer, while hosting dinner for its Chinese clients on Friday.
The bank, she said, recognizes the importance of the partnership and was committed to supporting Chinese businesses in Zambia to thrive.
According to her, Chinese investments have not only contributed to fostering economic development but have also resulted in skills and technological transfer.
The bank, she noted, currently has a total of 219 Chinese companies banking with it across the business corporate and investment banking and business banking with a total 66 corporate accounts.
"In addition, our total loan book in the Chinese business currently stands at 176.7 million U.S. dollars with most active participation from manufacturing, agriculture, mining, and transport sectors," she added. ■
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Global Grid news portal”。http://lebanon.bankruptcyintn.com/article-09b899934.html
Related articles
Three Maryland family members fatally shot, another wounded, suspect takes own life, police say
politicsELKRIDGE, Md. (AP) — A Maryland man killed three family members and critically wounded his son befor ...
【politics】
Read moreIsrael holds transport drill to prepare for possible 'multi
politicsIsrael's Ministry of Transport on Wednesday said it has held an exercise, with a simulation scen ...
【politics】
Read moreDistrict Requires Infringements on Women's Rights, Interests Be Reported
politicsContact Us HomeNewsHighlightACWF NewsSocietyWom ...
【politics】
Read more
Popular articles
Latest articles
Another Michigan dairy worker has bird flu, the third US case this year
Health Express for Mothers Project Benefits Women in Old Revolutionary Base
Boeing plane makes emergency landing after engine cover falls off
2025 Asian Winter Games to Highlight Environmental Protection, Technology
I'm A Celebrity star reveals 14
Discovering Ocean's Poetic Charms
LINKS
- The 22nd China International Environmental Protection Exhibition was held in Beijing
- Xi Story: A Farmland Visitor and the Vision for China's Food Security
- China’s national park system starts to yield fruits
- Understanding Xi's Quotes on Building a Community with a Shared Future for Mankind
- Scenery of Sanhuan pastureland in Dalian, NE China's Liaoning
- Scenery of Sanhuan pastureland in Dalian, NE China's Liaoning
- Xi Focus: Xi Stresses Deepening Reform, Expanding Opening up, Advancing Chinese Modernization
- People visit ancient city of Patara in Turkey
- Xi Congratulates Diaz
- Light show held in Haikou, S China