Current location:world >>
Zambian bank hails Chinese investment contribution to economic development
world47656People 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.“Stellar Space news portal”。http://iceland.downmusic.org/content-21a599900.html
Related articles
DPP manipulates tourism for political purposes, harms cross
worldThe Taiwan Affairs Office of the State Council on Wednesday criticized the secessionist Democratic P ...
【world】
Read moreApps simplify expense steps for foreign users
worldChinese mobile payment service providers are making it easier for overseas visitors to pay for their ...
【world】
Read moreChina not to blame for prices
worldExperts: Issue exaggerated, should not be politicizedChina should not be blamed for offering cost-ef ...
【world】
Read more
Popular articles
- Xinhua Commentary: BRICS gains charm as global dynamics shift
- Xi Focus: Xi Urges Jiangsu to Take Lead in Advancing Chinese Modernization
- Xinhua Headlines: Report on CPC's 'Second Integration' Theory Unlocks Understanding of China
- Xi Focus: Xi Calls for More Achievements in Party's Theoretical Innovation
- U.S. firms confident in HK rule of law, poll finds
- Macron, Le Pen lead 1st round of French presidential election
Latest articles
Zhongguancun Forum builds platform for global sci
Xi Focus: Xi Calls for More Achievements in Party's Theoretical Innovation
China Focus: E
Installed capacity of wind farms in Tianjin reaches 1.296 mln kw
China unveils ambitious plans to expand its space station
NetEase Inc renews game partnership with Blizzard
LINKS
- 'Mom's Taste' Brings Wealth to Women
- Accelerating Development of Eco
- Crook Family's Century
- Encouraging People to Join Rural Revitalization
- Chengdu hosts 23rd China Cultural Tourism Global Forum
- I'm a former flight attendant
- Pipa: Ancient Tunes on Emotionally Charged Strings
- Headmistress Committed to Primary School Education for Decades
- Zheng Zhenxiang: A Life Dedicated to Archeology
- Accelerating Development of Eco