The BBC report investment worth $800m is likely to pour in.
"This will go a long way in boosting economic development in our country," Mr Mwanawasa told a joint news conference. Nonetheless, despite the controversy surrounding the treatment of previous investors, the Chinese companies will again be able to operate in the zone with special incentives not available to domestic investors. The BBC report that Chinese firms will not have to pay import or value added taxes. This may not be the full extent of exemptions to Zambian law granted the companies. Time and negotiation of future investment agreements will tell.
While the Zambian Government are thrilled to be amongst China’s favourites, the communities and workers in Chambishi clearly have other ideas about what the investment is likely to bring. As this report in the
“The smooth red carpet rolled out across Africa last week for Hu Jintao, the Chinese president, did not quite reach the gates of
The Telegraph article also quotes from ‘For Whom the Windfalls?’ and includes some nice pictures taken around Chambishi.
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