Zambia’s High Commissioner to India Judith Kapijimpanga has urged Indian investors to take advantage of investment opportunities in Africa because the continent would import less in the future.
Mrs. Kapijimpanga says Africa has witnessed a surge in foreign investments especially from China and India targeting manufacturing, mining, telecommunications, infrastructure and banking among others.
She says similarities were evident as India has 1 point 3 billion people while Africa has 1 point 2 billion people.
Mrs. Kapijimpanga says Africa in 2015 embarked on the process of being self-reliant as it started manufacturing most products that were initially imported.
The High Commissioner said this when she made a presentation at the Progress Harmony Development -PHD- Chamber of Commerce and Industry Africa week where Zambia was exhibiting.
She said Zambia is one of the best investment destinations in Africa after being ranked 4th Most Peaceful Country on the continent by the 2020 Global Peace Index.
And PHD Chamber of Commerce and Industry President Sanjay Aggarwal urged investors to consider value addition of raw materials within Africa to create a win – win situation that would reduce unemployment, end poverty and create opportunities for growth.
This is contained in a statement made available by First Secretary Press at Zambia High Commission in India Bangwe Naviley.
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