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

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)