Investment Mirage?

From Zambian Economist Tue Feb 12 2013, 01:27:00

"As you may be aware, Zambia has a housing deficit of nearly 1.4 million units and the interest by our colleagues to invest in Southern Province and Choma in particular is most welcome... They have capacity to mobilise US$10 billion of investment in various projects in Southern Province..."

- Chileshe Mulenga

(Southern Province Permanent Secretary)

A claim earlier this month by Mr Mulenga. Apparently some Indian investors are alleged to be interested in investing in Southern Province with around US$10 billion. They are interested in real estate, agriculture, mining, steel works and putting up a cement plant. We are told they have already engaged the Choma Municipal Council on the possibility of setting up a shopping mall in the new provincial capital of Southern Province.

[view whole blog post ]

News Stories Quoted in this Blog Post:

Zambia:   Indian Investors Eye Southern Province (news)
The Times of Zambia
29 January 2013

A CONSORTIUM of Indian investors is interested in investing in various sectors of the Southern Province at a cost of about US$10 billion. [read more]

 See More    |     Report Abuse


You might also be interested in the following news stories:

South Sudan:   Rival Leaders in Deal (news)
Sabahi
21 October 2014

South Sudan President Salva Kiir and rebel leader Riek Machar said Monday (October 20th) they accepted mutual responsibility for a 10-month civil war in which thousands were killed, AFP reported. [read more]

Africa:   Hopes for Ebola Vaccine Soon (news)
Deutsche Welle
22 October 2014

The World Health Organization is pressing for a vaccine to combat the spread of Ebola, hoping to prepare two versions by January. On the ground in West Africa, Germany's Red Cross has made a desperate ... [read more]

Nigeria/South Africa:   Super Falcons Move to Final of African Women's Championship (news)
Vanguard
22 October 2014

Super Falcons reached the final of the African Women Championship by beating South Africa's Banyana Banyana 2-1 in a hard fought match at the Sam Nujoma Stadium, Windhoek. [read more]



blogAfrica is allAfrica.com's platform to help you keep an ear on the African blogosphere. We draw diverse voices from around the world who post regularly and insightfully about African issues. Bloggers, submit your blog's rss-feed!