Current location:Earth Encounters news portal > travel
Zambian bank hails Chinese investment contribution to economic development
Earth Encounters news portal2024-05-21 07:27:51【travel】6People 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://newzealand.campingcolorado.net/article-21f099900.html
Very good!(62825)
Related articles
- Shohei Ohtani's first walk
- 'Major logistics exercise' to deliver humanitarian aid from NZ to Gaza
- Finnish police say bullying was motive for school shooting
- April 12, 2024
- Iran helicopter crash that killed President Raisi could reverberate across the Middle East
- Officials advise softer is better when it comes to boot camps
- Flood, weather warnings as storm hits Australia
- 'Very significant' rise in home insurance premiums revealed
- Uber and Lyft say they'll stay in Minnesota after Legislature passes driver pay compromise
- New Zealand being considered as potential AUKUS Pillar Two partner
Popular articles
Recommended
Everybody may love Raymond, but Ray Romano loves Peter Boyle
Water tank installation programme changing lives in the Far North
Department of Conservation proposes 130 job cuts
'Chubby Hearts' installation launches in Hong Kong
What's next for Iran after death of its president in crash?
Buildings shake briefly as earthquake rattles Taiwan
Officials advise softer is better when it comes to boot camps
Arrest made in NSW fatal hit
Links
- Chinese embassy urges U.S., UK and Australia to stop forming exclusionary blocs
- How Will China Consolidate Poverty Alleviation Feats?
- Thailand's starters against China in 2026 FIFA World Cup qualifier
- China Reduces Personal Income Tax for Parents of Children under 3
- The Dutchman flies back for Beijing show
- China to Boost Employment of People Emerging from Poverty
- China Focus: Digitalization Helps More People in China Discover Joy of Reading
- China Calls for More Efforts to Protect Revolutionary Cultural Relics
- The Dutchman flies back for Beijing show
- China to Build 2,000 Fitness Facilities by 2025