20 June 2014

Zambia: Turkish Investors Eye Zambia

ZAMBIA's peaceful atmosphere coupled with favourable investment prospects have attracted Turkish investors who have indicated willingness to invest in many economic sectors and help create more jobs.

The investors, who are engaged in sectors such as energy, mining and agriculture, have expressed interest to come to Zambia in a few months for various investments.

Speaking here yesterday during different meetings with Mines, Energy and Water Development Minister Christopher Yaluma, Mineks International business development manager Onur Harbiyeci said his company wanted to explore the oil deposits in Zambia.

Mr Harbiyeci said the company, which was dealing in many African countries in various industries, urged the Zambian Government to help him with exploration of oil in Block 27 in Mpulungu, Northern Province which contained some oil deposits.

SkyPower Global services senior vice-president for development, Aviv Garten said his firm was interested in setting up a solar panel factory in which five per cent of its investment revenue would go towards supporting Zambia's education sector.

Cummins Power Generation director of power solutions Kenneth Gaynor said Zambia's peaceful atmosphere was attractive for the Turkish investors to invest in many economic sectors.

Mr Yaluma said Government would continue to promote a conducive environment that would enable both local and foreign investors help accelerate development in the country.

He said President Michael Sata was in a hurry to develop Zambia and his efforts required support from various stakeholders like investors to uplift the welfare of citizens.

The minister, who was in Turkey to attend the just ended two-day summit on Africa Energy Forum, assured Turkish investors of linking them to the Zambia Development Agency (ZDA) to access various investment opportunities.

Zambia Ambassador to Turkey Miriam Mulenga said the embassy had intensified sensitisation of people in that country on many investment opportunities in Zambia.


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