Business

Swedes show interest in Zambian industry

THE rehabilitated section of the inter-mine railway line at KCM's Cop Two open pit mine.

CHAMBO NG’UNI, Kabwe
SOME Swedish companies have expressed interest to invest in the railway industry and other sectors in Zambia.
Sweden’s State secretary for infrastructure Erik Bromander said companies in that country are seeing opportunities on how they can transfer vast experience and expertise in the operations of Zambia Railways Limited (ZRL).
“There is such big interest from Swedish companies that they are seeing opportunities on how operations could be transferred and that there could be new methods of doing things,” Mr Bromander said on Wednesday in Kabwe when he led a delegation of Swedish governmental officials and business executives.
He said Swedish government is keen to further the relations between the two countries.
He said two countries share similarities in the industrial structure despite being located on different continents.
The delegation, which visited ZRL infrastructure in Kabwe to see how to share new ideas and possibilities of moving the two countries’ corporations forward, comprised private sector who are promoting and supporting foreign exports.
“Our experience from the railway sector can have a lot of possibilities that can find solutions and certainly would be good for strengthening bonds between the two countries.
“The attitude of Swedish companies is that they take pride in presenting their openness and social responsibility that I think this is also instrumental in providing long-term government private sector partnerships that have been historical for the development of the railways industry,” Mr Bromander said.
Earlier, ZRL chief executive officer Muyenga Atanga said there is need for financial investment in ZRL to improve operations and operate at full capacity.
Prof Atanga said from the US$120 million Eurobond funding, ZRL has made progress in infrastructure rehabilitation.
He said through interactions with other countries, ZRL can learn a lot on how to improve its operations in becoming a company.

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