What RB told Chinese businessmen today

President Luo Tao of CNMC,

Honorable Ministers and colleagues from Zambia

Chinese high level officials

Senior government officials from both china and zambia

Distinguished Invited business guests

Ladies and Gentlemen;

It is my honour and privilege to be here today and to participate in this China-Zambia Investment Promotion seminar. The objective of this Seminar is to cement the warm and strong relationship between our two countries.

Specifically, our aim at this seminar is to showcase the vast investment opportunities that exist in the Zambian economy for Chinese Investment. it is, Therefore, our wish to promote an environment in which  partnerships between Zambian and Chinese business houses can bestrengthened for the mutualm benefit and to ensure a win-win outcome for our two nations.
In this regard, it is befitting and truly symbolic that the China-Zambia Investment Seminar is being hosted by China Nonferrous Metal Corporation (CNMC), a company that has already made enormous strides towards the consolidation of this great partnershipS in a number of areas such as social, political, economic, technological, and cultural fields.

By hosting this seminar, CNMC continues to act as an important model for other business houses and Zambia and China for for broadening and depening partnerships between our two countries.

To CNMC, I want to ACKNOWLEDGE WITH GRATITUDE YOUR UNWAVERING SUPPORT TO THE GOVERNMENT AND PEOPLE OF ZAMBIA, PARTICULARLY FOR YOUR VISIBLE ACTIONS IN TIMES OF NEED. YOUR EFFORTS TO CONTRIBUTE TO THE WELL-BEING OF OUR COUNTRY ARE MOSTLY REMEMBERED WHEN MINING HOUSES IN ZAMBIA AND OTHER PARTS OF THE WORLD WERE CLOSING DUE TO THE GLOBAL FINANCIAL MELT-DOWN.

AT THE TIME YOU DECIDED TO TAKE OVER A MINE THAT HAD JUST BEEN CLOSED AND BY NOT LAYING OFF MINERS AT YOUR NFC AFRICA MINE AT CHAMBISHI. THIS HELPED STABILISE THE ECONOMY AND PREVENT A LOSS OF JOBS. AS RESULT ZAMBIA STILL GREW BY AN IMPRESSIVE RATE AND SHOWED A RAPID RECOVERY AT A TIME WHEN MOST COUNTRIES RECORDED NEGATIVE RATES OF GROWTH.

TO THOSE COMPANIES THAT ARE PARTICIPATING IN THIS BUSINESS SEMINAR, PARTICULARLY FOR THOSE WHO MAY HAVE NOT ENOUGH INFORMATION ABOUT ZAMBIA, I WOULD LIKE TO ASK YOU TO OBTAIN AS MUCH INFORMATION AS POSSIBLE FROM THIS SEMINAR. IN ADDITION i INVITE YOU TO COME TO ZAMBIA TO SEE FOR YOURSELVES AND TO EXPLORE INVESTMENT OPPORTUNITIES AVAILABLE IN A NUMBER OF AREAS SUCH AS AGRICULTURE, MINING, MANUFACTURING, TOURISM, ENERGY AND INFORMATION COMMUNICATION TECHNOLOGY.

Ladies and Gentlemen

I WISH TO AFFIRM THAT SINCE ITS INDEPENDENCE, ZAMBIA HAS ENJOYED GOOD ECONOMIC COOPERATION WITH CHINA. THE CHINESE GOVERNMENT AND ITS PEOPLE HAVE WORKED VERY CLOSELY WITH THE ZAMBIAN GOVERNMENT AND ITS PEOPLE AND HAS SUPPORTED OUR COUNTRY FROM THE PRE-INDEPENDENCE TIMES.

THE CHINESE HAVE BEEN INVOLVED IN THE IMPLEMENTATION OF SOME IMPORTANT PROJECTS IN OUR COUNTRY SUCH AS CONSTRUCTION OF THE TAZARA RAIL LINE, CONSTRUCTION AND REHABILITATIN OF ROADS, SUPPLY OF SHORT-WAVE TRANSMITTERS TO OUR NATIONAL BROADCASTER, CONSTRUCTION OF A NEW ULTRA MODERN GOVERNMENT COMPLEX, REHABILITATION OF THE STORAGE SHEDS OR SILOS, CONSTRUCTION OF HOUSES AND PROVISION OF SCHOLARSHIPS AS WELL AS DEPLOYMENT OF MEDICAL DOCTORS TO ZAMBIA. THE CHINESE PEOPLE HAVE MADE SACRIFICES FOR WHICH WE GRATEFUL.

NOT LONG AGO, CHINA OPENED A BRANCH OF THE BANK OF CHINA IN LUSAKA, ONE OF THE FEW BRANCHES IN AFRICA ALONG SIDE A TRADE AND COMMERCIAL CENTRE, ALSO IN LUSAKA. THE COMING OF BANK OF CHINA MEANS THAT BUSINESS INTRESTS FROM CHINA CAN BE FULLY SUPPORTED BY BANK OF CHINA AND THE OTHER COMMERCIAL BANKS ALL CAPABLE OF PROVIDING YOUR BUSINESSES WITH FIRST CLASS FINANCIAL SERVICES.

PRESIDENT LUO
Ladies and Gentlemen

During the course of this seminar, I want to share with all of you present, THAT ZAMBIA IS OPEN FOR BUSINESS AND IS AMONG THE BEST DESTINATIONS FOR INVESTMENT. WE OFFER INVESTMENT OPPORTUNITIES IN MINING, AGRICULTURE, ENERGY, TOURISM, CONSTRUCTION AND VALUE ADDITION IN MANUFACTURING. RECENT STUDIES SHOW THAT ZAMBIA HAS POTENTIAL IN THE PETROLIUM SECTOR AS WELL. DETAILS ON THESE OPPORTUNITIES WILL BE HIGHLIGHTED DURING THIS SEMINAR.

at this business seminar, i have come with my ministers, OTHER SENIOR officials, The Zambia Development Agency (ZDA) and the business community who will be able to provide professional and technical information necessary for you to make good business decisions to locate your investments in zambia.

Distinguished invited guests ,
president luo
Ladies and Gentlemen

Before, I conclude my remarks, i would like to refer you to the video which you have just watched which is a useful summation of what zambia has to offer to the would be investors.

It is my SINCERE hope that by the time we conclude these deliberations, we should have a number of you, if not all of you to make firm decisions to come and take a look and possibly invest in our beautiful Zambia. It is our hope that the Zambia business houses that have come to Beijing with us, will be going home with a definite Chinese business partner.

With these remarks, I wish to hear lively and fruitful deliberations and i now would like to declare this China-Zambia Investment Forum officially opened.

I thank you

President Banda made the remarks above on February 26, 2010 in Beijing China during an investment seminar attended by over 100 Chinese investors and 30 Zambian business persons.

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