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[2007-10-31] DBSA invests $300m in Zambia
DEVELOPMENT Bank of Southern Africa (DBSA) says Zambia is one of the bank’s fastest growing investment portfolio with over US$300 million having been invested in the country.
DBSA is also funding the construction of a four-star hotel in Livingstone called, David Livingstone Safari Lodge and Spa, that will have 72 rooms.
DBSA, private sector and international investments, executive manager, Solomon Asamoah, said this in Lusaka recently during the workshop on empowerment organised by Stanbic Bank Zambia.
DBSA’s investments in Zambia have been in Zesco Limited, Copperbelt Energy Corporation (CEC) Plc, Celtel, Industrial Credit Corporation, Development Bank of Zambia, Circle Pharmaceuticals Zambia and Zambia Sugar Plc.
Mr Asamoah commended the Zambian government for efforts it was taking in boosting tourism in Livingstone.
He said that DBSA’s mission is to contribute to development in South Africa and southern Africa by mobilising and providing finance, expertise and establishing partnerships to develop infrastructure to improve quality of life.
He also said that DBSA’s strategic goals in Southern Africa Development Community (SADC) was to support key and leading economic growth sectors.
Source: © 2005 Zambia Daily Mail.
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