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Zambia woos Turkey investors

By VIOLET MENGO
ZAMBIAN Ambassador to Turkey Miriam Mulenga has launched an ambitious investment promotion programme to attract more Turkish companies to Zambia.
Ms Mulenga on Wednesday engaged over 50 members of the Turkish Contractors Association at the organisation’s headquarters in Ankara to explain investment opportunities in the construction industry and other sectors of the economy.
Deputy head of mission at the embassy of Zambia in Turkey Bwalya Nondo said this in a statement released in Lusaka yesterday.
Ms Mulenga’s presentation also highlighted incentives and legal frameworks that Government has put in place to make doing business easy.
The presentation, which was preceded by a video show depicting Zambia’s tourism potential and other economic aspects, generated enthusiasm among Turkish industrialists, who expressed interest to invest in  energy and construction sectors.
Ms Mulenga pointed out that the rating of Zambia by the World Bank as the third best in the SADC region, and 5th in sub-Saharan Africa for ease-of-doing business attested to the conducive investment environment the country has to offer, coupled with a stable political climate.
BM Holding Development Co-ordinator Oguz Erturk extolled the country as a haven of peace, whose political stability has contributed to a robust economic growth.
Mr Erturk said Zambia is a rising investment destination which serious investors should venture into without worrying about the safety of their investment.
Mr Erturk’s company is in the process of investing in the energy sector in Zambia.
The occasion was also attended by Secretary to the Bursaries Committee in the Ministry of Education Ireen Chirwa, who is in Turkey on official business.
The Zambian Mission in Ankara will hold a number of investment promotion seminars and interact with various potential investors in different parts of Turkey in a bid to increase Foreign Direct Investment (FDI).
Prospects of wooing Turkish investors to Zambia are also receiving a boost from former World Bank director for the Southern African and Indian Ocean Division Ahmet Soylemezoglu, a Turkish national who had a long association with Zambia during his tenure of office with the institution.

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