【China's First Overseas Economic and Trade Cooperation Zone in Africa Attracts Investments Exceeding USD2.5 bln】-National Development and Reform Commission (NDRC) People's Republic of China

China's First Overseas Economic and Trade Cooperation Zone in Africa Attracts Investments Exceeding USD2.5 bln

Source: Department of Regional Opening-up / Updated: 2023-10-07

The Zambia-China Economic and Trade Cooperation Zone, China's first overseas economic and trade cooperation zone in Africa, has attracted nearly a hundred enterprises to settle in, with investments exceeding 2.5 billion U.S. dollars. This has created over 10,000 job opportunities locally and continuously propelled the economic and trade cooperation between the two sides to new heights.

Established in 2007, the Zambia-China Economic and Trade Cooperation Zone is Zambia's first multifunctional economic zone, with investment and construction by China Nonferrous Metal Mining (Group) Co., Ltd. At present, more than ten centrally-administered state-owned enterprises have been collaborating effectively with Zambian counterparts across various sectors, including mining, transportation, electricity, manufacturing, and agriculture. Together, they have successfully launched major cooperative projects such as the TAZARA Railway, the Chambishi Copper Mine, and the Lower Kafue Gorge Hydropower Station.