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Zambia records increase in investment pledges in H1

Xinhua, July 21, 2016 Adjust font size:

Zambia recorded an increase in investment pledges in the first half of 2016 compared to the same period last year, its investment agency said on Thursday.

Zambia saw investment pledges increasing to 1.8 billion U.S. dollars from 1.5 billion dollars recorded in the same period last year, representing a 20 percent rise, according to the Zambia Development Agency.

Patrick Chisanga, the investment agency's director-general said the energy sector registered the highest amount of pledged investments followed by the agriculture and the manufacturing sectors.

"The increase in the pledged investments could be attributed to sustained investor confidence and the conducive business environment as demonstrated by an increased number of high level international business activities that have been undertaken in the first half of 2016," he said in a statement. Endit