Thursday 25 May 2017

Global investment firm gives Zambia 5th position

Global investment firm gives Zambia 5th position
(Zambia Daily mail 04/28/17)
Global investment firm gives Zambia 5th position

Zambia’s Ambassador to Sweden Anthony Mukwita says the country’s top five placement as a preferred destination of investment will increase interest from international investors seeking to develop investment opportunities.

Last week, Zambia was ranked the fifth most attractive investment destination in Africa due to significant domestic investment and access to money supply, according to a report by a global equity and investment firm.
In its latest Africa Investment Index report, Quantum’s Global Group, which is an international group of companies active in the areas of private equity and management investments, noted that Zambia follows Africa’s second largest economy, South Africa, which is fourth.

Commenting on the development, Mr Mukwita said the placement coming from an independent international rating organisation largely breaks the myth of negativity peddled by critics and re-affirms Zambia’s position internationally as a safe place to take money.

“The great thing about this ranking is that the favourable rating is coming from independent organisations and not Zambian organisations with a stake in the Zambian economy,” he said in a statement recently.
He, however, cited Sweden as one place where traffic and interest in Zambia has spiked upwards in recent months, especially since the re-election of President Lungu and his open pledge to fight graft.

KELLY NJOMBO

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