Zambia-China trade zone marks 5 years
The Zambia-China Economic Trade Zone has marked five years in operation, nearly USD500 million in tax revenue and around 12 000 jobs created.
The anniversary was marked in a ceremony in Beijing. Founded by China Nonferrous Metal Mining Group, the zone was seen as a milestone in ties between the two countries and now is home to several companies.
Around 360 kilometers north of the Zambian capital Lusaka, it was the country's first multi-purpose economic zone and China's first business cooperation area in Africa. The two industrial parks in the zone have different functions to meet varied demands.
Kenya’s High Commissioner to Zambia, Kipyengo Cheluget, recently visited the zone and expressed the hope that a similar project would one day be launched in Kenya too.