Mining sector in 61% investment pledges
Mining sector in 61% investment pledgesBy Chiwoyu Sinyangwe
Thu 08 Mar. 2012, 12:00 CAT
THE mining sector, the country's main lifeblood, accounted for 61 per cent of investment pledges amounting to US $182 million that ZDA recorded in January. According to data released by the Zambia Development Agency (ZDA), the mining sector with the highest investment pledges at US$110 million would also account for the highest employment opportunities.
The US$182 million investments in January 2012 indicates a 42 per cent increase from US $129 million recorded in January 2011, which suggests continued investor confidence in the country and investment policies.
Other sectors that recorded investment include manufacturing at 17 per cent, construction at 11 per cent, and agriculture and service sectors both at five per cent, respectively.
The manufacturing sector with US $30 million pledged investments was expected to create 299 jobs while construction was expected to create 390 new jobs.
Other sectors that recorded investment during January were health and real estate with both accounting for only one per cent each from the total investments during the month.
The total employment opportunities that would be created in all sectors as a result of the January pledges were estimated at 3, 379.
It was expected that the next few months would post even better results with the vigorous investment attraction missions that the ZDA would mount in collaboration with the Ministry of Commerce, Trade and Industry.
posted by MrK @ 6:05 PM
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