FDIs

The Zambian government has hailed increased interest by French firms to invest in the southern African nation, a government official said on Thursday.

Christine Kaseba-Sata, Zambia’s Ambassador to France, said there has been a significant increase of French companies investing in the country from 20 to 50 as of the first quarter of 2019.

The Zambian envoy was speaking when she met Philippe Gautier, director-general of the Movement of the Enterprises of France International, the largest employer federation in France, to discuss collaborative efforts of promoting Zambia to the French investors, according to a release.

She commended the French employer body for promoting Zambia as an investment destination as evidenced in an increase in the number of French firms investing in Zambia.

“Zambia offers opportunities in all economic sectors especially the manufacturing, tourism and agriculture sectors. I would like to see more French investors come and invest in Zambia to contribute to the country’s sustainable development agenda,” she said.

While welcoming the increase in French firms investing in Zambia, the Zambian envoy said there were still huge opportunities for investment and that she was working towards furthering increased footprints in the southern African nation.

On his part, the French official assured Zambia that more French investors were interested to do business in the country and that his organization has earmarked the southern African nation as one of the focus countries in Africa. Enditem

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