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Monday, 08 January 2018

German business agency renews business ties with Zambia

Zambia stands in a stronger path of attracting millions of dollars in FDI compared to other countries in the southern region due to its tested history of peace and political stability, an influential German business association has said. During a courtesy call paid on Ambassador Anthony Mukwita’s offices on Axel -Springer-Strasse in Berlin, Mr. Christoph Kannengiersser, CEO and Director General of the German-African Business Association (GABA) known by its local name of V Afrika-Verein said all Zambia has to do now is to continue using its good name abroad to woo investors to pump money into the southern African country. “You can count on your good international reputation as a peaceful and politically stable country to help boost investment which in turn will help create jobs and reduce poverty,” said Mr. Kannengiesser. The business stalwart was accompanied by Ms. Peggy Shulz, the GABA Manager for Southern Africa and veteran member Ambassador Egon Kochanke who has served Germany diligently in Tanzania and Namibia in the past. Mr. Kanneniesser said German investors feel that Zambia is ripe for investment in the area of agriculture, energy and tourism, “and our organization will ensure it drives traffic towards those areas that are profitable for both Zambia and German investors…Zambia is a good destination.”

Source: Lusaka Times