Zambia rated Africa's most investor friendly nation

A leading Indian multi-national company, Nava Bharat Venture Limited has rated Zambia as the best investment destination in Africa where political stability and suitable economic fundamentals guarantee protection of foreign investment.

Nava Bharat Ventures has been in Zambia for three years with an investment injection of US$750 million into coal mining in Maamba in Southern Province.

Nava vice-president, A.S.N Murthy described Zambia as a country that met investment variables in all aspects.

Mr Murthy was speaking during a seminar on ‘Doing Business with African Countries’ in India.

The ‘Doing Business with African Countries’ seminar in which Ethiopia and Mozambique also participated was an interactive session with Indian business executives to inspire confidence in them to invest in Africa.

The seminar focused on investment opportunities in agriculture and was organised by the Confederation of Indian Industries (CII). At the same seminar, High Commissioner to India, Susan Sikaneta in her presentation highlighted Zambia’s investment climate, opportunities and incentives.

Ms Sikaneta particularly singled out agriculture as one sector with much potential for investment.

She noted that Zambia had a large expanse of land and huge water reservoirs that presented opportunities for investment in agriculture, including agro-processing and animal husbandry.

Zambia, she said, was at crossroads of two major markets namely, the Common Market for Eastern and Southern Africa and Southern African Development Community.

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