Investment Mirage?

From Zambian Economist Tue Feb 12 2013, 06:27:00

"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.

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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. Southern Province Permanent Secretary, Chileshe Mulenga said ... [read more]

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