IIB to invest in Zambia’s three sectors

The International Investment Banking (IIB) has pledged to invest in road Infrastructure, Housing, and Energy sectors in the country.

Visiting IIB Vice President Philip Bum, who is also a delegation leader, says the IIB team is in the country to share available options for construction of the roads projects by utilizing the innovative Green Pave natural paving solutions.

Mr. Bum says these proprietary projects will result in considerable cost savings of the order of 40-60 percent compared to the current methods while providing superior performance.

He says the delegation will also offer a firm partnership in the local manufacturing and use of the most advanced building system for residential and commercial needs.

Speaking during a meeting with Commerce, Trade and Industry Minister Margaret Mwanakatwe, Mr. Bum says the delegation will also explore the possibility of re-developing the chancery properties owned by the government of Zambia in New York and Washington DC for the purposes of providing modern state- of the art facilities as well as maximizing profit potential from existing underutilized assets.

And Ms. Mwanakatwe has observed that the housing, Water and sanitation are very critical in Zambia hence the need for investors to come and invest so as to help improve the livelihood of the majority Zambians.