Russian companies might invest $2 bln in Zambia’s mining sector

Sights

Russian companies might invest $2 billion in Zambia’s mining sector, outgoing Russian ambassador to Zambia Anvar Azimov has said.

The Post Monday quoted him as saying that three Russian multi-billion companies will next month visit Zambia with the hope of investing capital in the mining sector. In an interview, Azimov said if all went well, the total investment in Zambia would exceed $2 billion, thus creating many jobs for Zambians. Azimov said Russia was also willing to assist Zambia in strengthening its military potential. He called for new actions to fight poverty, infectious diseases and to develop in a faster manner, to attain economic independence of Zambia.

He said that Zambia was politically independent and hoped it would soon become economically independent. He said Zambia was the core of Africa and one of the most stable and peaceful states with an excellent system of good governance.

Azimov hoped Zambia would promote further the strengthening of the African Union, the Southern African Development Community (SADC) and the Common Market for Eastern and Southern Africa (COMESA) to contribute to the region’s economic integration. (Xinhua)

ADVERTISEMENT

More Romanians at poverty risk since the COVID pandemic Analysis

More Romanians at poverty risk since the COVID pandemic

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.