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 future as it became self- reliant.
High Commissioner Kapijimpanga said Africa had witnessed a surge in foreign investments especially from China and India targeting manufacturing, mining, telecommunications, infrastructure, banking, information and technology, among others.
She said similarities were evident as India had 1.3 billion people while Africa had 1.2 billion people adding that in 2015, Africa 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 Power Point Presentation (PPT) at the Progress Harmony Development (PHD) Chamber of Commerce and Industry Africa week where Zambia had an exhibition stand.
She said Zambia was one of the best investment destinations in Africa, after ranking 4th most peaceful country in Africa, according to the 2020 Global Peace Index, urging investors to target Zambia’s energy, construction, tourism and agriculture sectors.
Meanwhile, Progress Harmony Development (PHD) Chamber of Commerce and Industry (PHDCC) President Sanjay Aggarwal urged investors to consider value addition to raw materials within Africa to create a win – win situation that would reduce unemployment, end poverty and create opportunities for growth.