Zambia courts Brazilian investment to drive grow Zambia agenda
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Local NewsZambia has stepped up efforts to attract foreign investment and strengthen agricultural and industrial cooperation with Brazil through the promotion of the Grow Zambia Agenda. Zambia’s Ambassador to Brazil, Lieutenant General Sitali Alibuzwi (Rtd), said the country is ready to…
Zambia has stepped up efforts to attract foreign investment and strengthen agricultural and industrial cooperation with Brazil through the promotion of the Grow Zambia Agenda.
Zambia’s Ambassador to Brazil, Lieutenant General Sitali Alibuzwi (Rtd), said the country is ready to establish formal agricultural and industrial linkages with Brazil’s Tocantins State to accelerate economic growth.
He said this during high level bilateral discussions with the Tocantins State Government in Palmas, Brazil, where he highlighted Zambia’s investment opportunities in commercial agriculture, manufacturing and value addition.
Ambassador Alibuzwi urged Brazilian investors to take advantage of Zambia’s well planned farm blocks, Multi Facility Economic Zones and manufacturing sector, noting that the country is Africa’s largest fertiliser producer.
He also highlighted opportunities in critical minerals for electric vehicle battery production and the country’s growing solar, hydro and biomass energy capabilities.
Ambassador Alibuzwi said Zambia offered investors legal guarantees against expropriation, profit repatriation and zero-rated import duties on capital machinery.
He added that Zambia provides access to a regional market of more than 600 million consumers through the Southern African Development Community and Common Market for Eastern and Southern Africa.
Meanwhile, Tocantins State Secretary of Agriculture and Livestock, Frederico Sodré dos Santos, reiterated the state’s commitment to supporting the Grow Zambia Agenda.
Mr Sodré dos Santos expressed interest in cooperation with Zambia in animal disease eradication, bioenergy, science and technology, infrastructure and Public-Private Partnerships.
He said Tocantins was willing to share its technological expertise, particularly in the livestock sector, to support Zambia’s ambition of becoming a continental food basket.
The two sides also discussed Zambia’s proposal for a state level Memorandum of Understanding to provide a framework for joint agricultural research, trade facilitation and technical exchange.
This is according to a statement issued to the media by First Secretary Press at the Zambian Embassy in Brasília, Lloyd Kapusa.
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