Connect with us

News

Zambia is committed to improving economic and trade ties with China

Avatar

Published

on

A senior Zambian government official has stated that the degree of investment and trade that has existed between Zambia and China over the years is sufficient evidence to further deepen bilateral cooperation.

Minister of Commerce and Trade Chipoka Mulenga said the two nations’ investment and trade figures show the need of further increasing cooperation and underlined the new government’s commitment to enhancing international cooperation and foreign ties for a better-shared future.

The Zambian minister said the government expects additional Chinese investments after the meeting, which was held Sunday as part of the Second China-Africa Economic and Trade Expo, which runs from September 26 to 29 in Changsha, the capital of central China’s Hunan Province.

China has remained Zambia’s greatest single investor, with more than 600 companies working in the southern African country, totaling 3.8 billion dollars in investment and 2.4 billion dollars in trade in 2020, according to him.

Zambia’s ambition of becoming a rich middle-income country by 2030, he says, would only come true with the help of countries like China, and he says the government is dedicated to establishing a favorable environment for greater Chinese investment. He said that Chinese businesses have made significant contributions to the country’s infrastructure and economic development, and that the Jiangxi Multi-Facility Commercial Zone, which is now being built, has opened up a large area for economic and trade cooperation.

“It is in this zone that we as the new government are quite hopeful that additional cooperation would grow into partnerships between Zambian and Chinese firms,” he continued.

He expressed the government’s expectation that the relationship between Zambian and Chinese businesses will result in the transfer of skills and the enhancement of the country’s raw resources’ value. He has also encouraged Chinese business delegations to visit the country to examine investment potential in a variety of areas.

Source: Xinhua News Agency

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published.

News

Fushidhiggaru project ongoing, will finish on time: Government

FI

Published

on

By

The Maldives government on Sunday assured Fushidhiggaru reclamation project, a key initiative under the vision of President Dr. Mohamed Muizzu, has not stalled and would be completed on the scheduled date.

President’s Office Chief Spokesperson Heena Waleed confirmed this on Sunday at a press conference, while providing details on other government initiatives.

The state has responded about the large-scale development project amid speculation in social media and by political opponents, claiming the initiative has stalled.

In response, Heena highlighted that the sand dredging in the project is currently on pause, stressing this was not indicative of the entire project being halted.

“I would like to ask, if they gauge the ongoing status of a capacity based on whether sand dredging is ongoing or not. Although sand dredging has stopped, there would be several other associated components of the project that requires attention and execution,” Heena commented.

She further said the project requires administrative and other work, all of which, she added, were ongoing.

“In response, I would like to reply that the Fushidhiggaru project has not stalled, it is ongoing. The project would conclude as per the scheduled date announced by the President,” she said.

Under the large-scale development project, 1,153 hectares of land will be reclaimed, which is thrice the combined size of Hulhumale’ Phase I and II.

The iniatiative commenced officially on December 18, 2023 while the Maldives President assured the reclamation component will conclude within eight months from the date of commencement.

Source(s): sun.mv

Continue Reading

News

Efforts underway to submit new laws to Parliament

FI

Published

on

By

Chief Spokesperson at the President’s Office Heena Waleed has stated that efforts are underway to complete the administrative preparations for introducing new laws and amendments to the Parliament, with the government achieving a super majority in the parliamentary elections.

Heena stated there are several crucial laws to be presented to Parliament under the government’s week-14 legislative agenda. As such, laws relating to housing, the criminal justice system, social security are to be submitted. On this stance, Heena affirmed that the laws and amendments which have been stalled in the committee phase will be given a top priority to be implemented by the end of President Dr. Mohamed Muizzu’s tenure.

Furthermore, Heena revealed that over 200 laws are to be implemented, aiming to fulfill President Dr. Muizzu’s commitment outlined in the government’s manifesto. She assured that the elected Parliament will play a significant role as their views align with that of the president.

Observing that the government attained a super majority during the parliamentary elcetions was due to the unwavering trust in President Dr. Muizzu, Heena affirmed that this advantage will not be exploited. She guaranteed that the super majority will assist the government in implementing and enforcing policies that will benefit the public as per the respective policies.

Source(s): PsmNews

Continue Reading

News

Islamic Minister discusses expanding Zakat House

FI

Published

on

By

Minister of Islamic Affairs Dr. Mohamed Shaheem Ali Saeed has met with the Director General of Zakat House Director Dr. Majid Sulaiman Al-Azimi to discuss upgrading the Maldives Zakat House.

The minister confirmed this via X (formerly Twitter), highligting that the two discussed about expanding the services of the Zakat House, including staff and Sharia Board training, and the legal requirements of Zakat recipients.

Earlier, the minister announced the administration’s plan to introduce a financial aid system to extend aid to orphans permanently. Dr. Shaheem said orphans will receive financial support annually until adulthood.

However, the minister did not specify how much the government intended to provide as financial support each year.

The current administration established the Maldives Zakat House with the objectives of increasing public awareness on the importance of paying Zakat, and foster love among the public towards the Islamic sacred act.

Under the Zakat Fund, government provided financial support to 52 individuals earlier in March 2024.

Statistics recently provided by the Zakat House showed the fund had been disbursed mainly in four areas, which are;

For Cancer Treatment – MVR 190,822.50
Brain Surgery – MVR 180,407.19
Heart Surgery – MVR 8,482.00
Transplants – MVR 25,443.00

Additionally, another MVR 227,872.50 was disbursed for various other areas.

Source(s): sun.mv

Continue Reading

Trending