Bank of Zambia (BOZ) Governor, Dr. Caleb Fundanga says a number of German investors have shown interest in investing in various sectors of the economy including the banking sector. Dr. Fundanga is particularly optimistic that investment in the Zambian banking sector by German players would allow for more German investors to be aware of the investment opportunities available in Zambia.
Governor Fundanga, speaking on the margins of the 2011 IMF/World Bank Spring meetings in Washington DC, noted that the commitment by a German bank, BHF Bank to provide finance to Zambia as well as German business entities involved in the export and import of goods to and from Germany provide an enormous opportunity for Zambian companies to access long term credit lines.
Dr. Fundanga recently attended the Zambia Germany Investment Forum in Koln and Berlin on April 13 – 14 respectively before joining the rest of the Zambian delegation at the 2011 IMF/World Bank Spring meetings whose delegation leader is Finance and National Planning Minister Dr. Situmbeko Musokotwane.
He commended the Ambassador of the Republic of Zambia in Germany, His Excellency Johnstone Chizinga and the Ambassador of the Federal Republic of Germany to Zambia His Excellency Frank Meyke for collaborating and organizing the Forums.
The Zambian delegation to the Forum was led by the Minister of Tourism, Environment and Natural Resources, Catherene Namugala, the Minister of Agriculture and Cooperatives, Dr. Eutarckio Kazonga, the Deputy Minister of Finance and National Planning, Chileshe Kapwepwe, officials from the Zambia Development Agency, Ministry of Mines and the Ministry of Energy, Water Development.