14 prospective Finnish investors in
A DELEGATION of over 14 Finnish investors are in Zambia to explore investment opportunities in various sectors of the economy.
The major sectors in which the Finnish investors are interested in include energy, mining, forest, service, manufacturing, construction and the financial sectors respectively.
The companies with interests in mining yesterday engaged in round table discussions with mining companies in Zambia and later met the Minister of Mines and the Minister of Energy.
While still in the country, the Finnish investors are keen in increasing the collaboration between Zambia and Finland.
The delegation later met with the Zambia Development Agency (ZDA) and other government institutions and departments which had been at hand to explain the numerous investment projects and opportunities available for investment at a business forum in Lusaka.
Other government institutions that presented various opportunities include the Industrial Development Corporation, Ministry of Energy and the Ministry of Mines supported by various private sector players in the Zambian economy.
Representing the ZDA, Director - Investments, Matongo Matamwandi, presented investment opportunities and projects in the manufacturing, energy, tourism, agriculture and infrastructure sectors.
Mr. Matamwandi explained that opportunities in the energy sector included solar energy projects, geo-thermal plants and biofuel energy projects.
He further explained that in the manufacturing and agro processing sectors, opportunities included processing edible oils, food mineral processing and light engineering.
“In infrastructure sector, there are opportunities in constructing of grain storage facilities, road projects, real estate which includes offices, housing units, hotels and sports facilities. On the other hand, in the tourism sectors, vast opportunities exist in constructing hotels and conference facilities as well as lodges among others,” Mr Matamwandi said.
Mr. Matamwandi, also emphasised the need for partnerships between local Zambians and foreign investors in investment projects for value addition and employment creation.
He explained the various tax and nontax incentives for investors that invest in a priority sector and wee operating from either a multi facility economic zone, an industrial park or a rural area.