Current location:World Window news portal > opinions
Zambian bank hails Chinese investment contribution to economic development
World Window news portal2024-05-09 01:02:38【opinions】8People 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. ■
Address of this article:http://www.samacharpostdainik.com/html-21f099900.html
Very good!(7771)
Related articles
- Chinese, Turkmen Presidents Hold Talks, Elevating Ties to Comprehensive Strategic Partnership
- Attacks on civilians amid Gaza conflict condemned
- Xi Focus: Xi Stresses Boosting High
- World's highest UHV transmission tower completes construction
- Peace still elusive for Ukraine crisis
- Xi Orders All
- 4 dead in Ecuador traffic accident
- Washington's drug slur on Beijing slammed
- Jiang Zemin Passes Away
- Greek port project helps boost career prospects
Popular articles
Recommended
China to Create New Opportunities for the World with Its Own Development: Xi
EU unveils 'remedy' for migrants
3 killed in military helicopter crash in Cuba
Firm career path enables Kenyan man to find feet in society
School bullies will lose chances for better education
Northeast China launches first cross
Three key takeaways from whirlwind China visits by global business executives
Art in crisis: Thefts spark doubts over British Museum
Links
- Freshmen Come to Register at Peking University
- Traditional Chinese Medicine Gains Foothold in 196 Countries, Regions
- Medicinal Herb Harvest Helps with Rural Revitalization in NW China
- Guizhou Achieves Progress in Economic Development, Poverty Alleviation
- College Entrance Exam Reforms Give Students More Choices
- Hong Kong Launches English Version of 1st Volume of Local Chronicles
- Beijing's Chaoyang District Builds Cultural Service System with Broader Coverage
- 2022 World Artificial Intelligence Conference Held in Shanghai
- Pic Story: Free Barista Training Provided for Hearing
- China to Have over 1,000 National Water Parks by 2025