Zambia records huge rise in projected investment in 2017

LUSAKA. — Zambia saw a 100-percent rise in projected investment in 2017, its investment agency said on Thursday.

The southern African nation recorded a total of $7,159 million in projected investment during the year, up from 3,564 million dollars in 2016, according to the Zambia Development Agency (ZDA).

The projected investment was from a total of 621 projects, up from 569 projects recorded in the previous year, it added.

Perry Mapani, the investment agency’s director-general, attributed the increase in projected investment to significant investment in the energy and manufacturing sectors amounting to 5,307 million dollars, which accounted for 74 percent of the total projected investment for the year.

The increase in projected investment resulted in a rise in employment 154,380 the previous year to 181,777. – Xinhua