Business and Finance News（4.19）
A support of US$1.5 billion has been pledged by the Japanese government to support investment by companies from that country to boost Zambia's mining sector. The Japanese business corporation is eager to invest in the country's mining industry, according to Japan's Minister of Economy, Trade and Industry (METI) Saito Ken. Ken said this during a bilateral meeting held earlier at the METI Offices in Tokyo. METI Vice Minister, Taku Ishii, reaffirmed the pledge during the Japan-Zambia Investment Seminar in Tokyo on Wednesday organised by the Japan Organisation for Metals and Energy Security (JOGMEC). Ishii said the Japanese government seeks support from the Zambian government once the investment became materialised and hoped to conclude the investment agreement as soon as possible. Read more: Zambia Monitor
The United States (US)-Africa Business Center president, Kendra Geither, says the Zambian economy has shown signs of resilience, with the debt restructuring process now putting the country on strong footing. Geither observed that the Zambian economy had shown resilience despite not many African countries currently recording strong performance. She said this on Monday during the US Chamber of Commerce roundtable discussion on the economic and fiscal outlook for Zambia held on the side-lines of the ongoing Spring Meetings of the International Monetary Fund (IMF) and World Bank Group in Washington. “To commit the government to a plan and agenda for reform says a lot about the leadership of President Hichilema and your team. “Good leadership is vital in creating economic conditions and opportunities for trade and investment to take place and for the work that the Zambian Government is doing in partnering with regional leaders to development infrastructure, agriculture, digital advancements, and the Lobito corridor,” Geither said. Read more: Zambia Monitor
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