Zambia embarks on US investment drive
Zambia Minister of Justice, Princess Kasune recently embarked on an investment drive in the US, and she joins CNBC Africa to reflect on the trip.
Tue, 07 Jan 2025 11:27:54 GMT
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AI Generated Summary
- Zambia's investment drive in the United States following the abolishment of the death penalty underscores the country's commitment to human rights and justice reform, attracting global investors to contribute to economic growth.
- Maintaining strong relations with the United States under the upcoming administration is crucial for Zambia's development initiatives, including strategic projects like the Lobito Corridor supported by the US government.
- Zambia's participation in the African Continental Free Trade Agreement signifies the country's dedication to promoting regional cooperation, leveraging resources, and advancing economic development across Africa.
Zambian Minister of Justice, Princess Kasune, recently embarked on an investment drive in the United States to promote Zambia as an attractive destination for investors. The trip was prompted by Zambia's abolishment of the death penalty in 2022, a significant move that showcased the country's commitment to human rights and justice reform. During her visit, Minister Kasune highlighted Zambia's favorable policies and safe environment for investments, aiming to attract global investors to contribute to the country's economic growth. The Minister also discussed the upcoming US administration under President Elect Donald Trump and expressed confidence in maintaining strong relations with the United States. She emphasized the importance of collaboration among African nations to leverage resources and promote continental trade. Minister Kasune underscored Zambia's commitment to implementing the African Continental Free Trade Agreement to enhance regional cooperation and economic development. The Minister's insights shed light on Zambia's strategic initiatives to position itself as a key player in Africa's economic landscape and foster partnerships for sustainable growth.
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