Your current location:HOME >world >Zambian bank hails Chinese investment contribution to economic development 正文
TIME:2024-05-21 06:59:53 Source: Internet compilationEdit:world
LUSAKA, April 6 (Xinhua) -- A Zambian bank has commended the contribution of Chinese investment and
LUSAKA, April 6 (Xinhua) -- A Zambian bank has commended the contribution of Chinese investment and businesses to the country's economic development.
Zambia National Commercial Bank (Zanaco) PLC said investment figures show that Chinese investment and businesses were playing a vital role in the country's economy, contributing significantly to growth, job creation and infrastructure development.
"The partnerships between Chinese companies and Zambian entities have fostered economic development and enhanced trade relations between our two nations," said Mukwandi Chibesakunda, the bank's chief executive officer, while hosting dinner for its Chinese clients on Friday.
The bank, she said, recognizes the importance of the partnership and was committed to supporting Chinese businesses in Zambia to thrive.
According to her, Chinese investments have not only contributed to fostering economic development but have also resulted in skills and technological transfer.
The bank, she noted, currently has a total of 219 Chinese companies banking with it across the business corporate and investment banking and business banking with a total 66 corporate accounts.
"In addition, our total loan book in the Chinese business currently stands at 176.7 million U.S. dollars with most active participation from manufacturing, agriculture, mining, and transport sectors," she added. ■
Who is Jacob Zuma, the former South African president disqualified from next week's election?2024-05-21 06:55
China Records 226 Mln Passenger Trips in Spring Festival Holiday2024-05-21 06:48
China Focus: Shenzhou2024-05-21 06:42
In pics: men's doubles quarterfinals at WTT Finals Men Doha 20232024-05-21 06:41
Fresh heartache for cancer2024-05-21 06:39
Various Folk Cultural Activities Held to Welcome Upcoming Lantern Festival in China2024-05-21 06:37
Yuntai Mountain Hanfu Huazhao Festival Kicks off in C China's Henan2024-05-21 06:25
Hexi District of Tianjin Sets up University for Senior Citizens2024-05-21 06:12
I was 'brokefished' by my friend for £4002024-05-21 05:26
Chongqing Launches Variety of Activities at Nighttime to Boost Night Economy2024-05-21 05:13
Dodgers acquire pitcher Yohan Ramírez from Mets for cash2024-05-21 06:39
Peony Cultural Tourism Festival Kicks off in Wuding, SW China's Yunnan2024-05-21 06:09
Boarding Schools Ensure Fairer Education in Tibet2024-05-21 05:56
China Steps up Judicial Protection for Women, Children: Reports2024-05-21 05:54
Hall of Fame outfielder Ken Griffey Jr. to lead Indianapolis 500 field in Corvette pace car2024-05-21 05:53
National Library of China Releases Databases for Dissemination, Study of Ancient Books2024-05-21 05:49
China Lists 5 New National2024-05-21 05:09
Tibetan New Year Marked with Joy and Hope2024-05-21 04:52
Supreme Court rejects an appeal from a Canadian man once held at Guantanamo2024-05-21 04:37
More Young Chinese Enjoy Visiting Museums2024-05-21 04:14