Croissance PEACE supports the growth of innovativeSMEs in the field of new technologies because they havea role to play in Africa... Thanks to Chinese financial in-volvement and implementation of shared growth!

Tripartism Africa (Zambia)-China-Europe (France) allowsfor small and medium French companies in particular theones which could not enter the Zambian market by lack offunding . In fact, in France the financial partnership is ex-tremely hard to find for reasons that we're not going to ex-pand here. Whereas, and considering the Chinese com-panies pragmatic and business acumen, you can find withit the financial partner. The Chinese are looking for inno-vative technologies or disruptive technologies... they toldus so and they ask us to find that kind of firms!!! Dare sayyou're interested! French companies should be equallypragmatic : Go to the second step! After innovating, youhave to sell. And to sell, you need investors and customers.Africa is your customer and your investors are Chinese.African countries including Zambia are offering you thisopportunity to acquire the advanced technological exper-tise. This tripartite synergy demonstrates the effectivenessof growth peace where the partners are indisputably in awin-win-win deal at the power of 3.

On September the 4th took place a meeting in Paris, between Zambian people, French and Chinese, at theEmbassy of Zambia to explore the economic boom in this country. Chargé d'affaires and First Counsellor, MsPhilomena Kachesa, has expressed her keen interest in the shared growth which bring added value as wellfairer and more equitable. The dynamism of this important southern African country is very exciting especiallywhen its First Secretary for Economy and Trade, Mr. Chibwe Chisala, identifies its opportunities and priorities.

9:00 to 9:15 : Reception at the Embassy of Zambia in Paris.

9:15 to 9:25 : Welcoming Statement by Ms. Philomena KA-CHESA, Chargé d'Affaires at embassy of Zambia in France.(Zambia has no ambassador, Chargé d'Affaires replaced).

9:25 to 9:35 : Speech of M. Ludovic EMANUELY, Presidentof Croissance PEACE.

9:35 to 9:55 : Presentation by Mr. Chibwe CHISALA, FirstSecretary, Economic & Trade on priority sectors and invest-ment opportunities in Zambia.

9:55 to 10:05 : Statement of financial modes on financialcooperation Europe-China-Africa.

10:05 to 10:30 : Questions, networking, contacts, feedback.

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#5 2014, SEPTEMBER

ZAMBIA AN EXCEPTIONAL ECONOMIC GROWTH

Ludovic EmanuelyPresident of Croissance PEACE

Croissance Partagée Entre Afrique-Chine-Europe

Speech by Ms. Philomena Kachesa, Charge D’ Affaires of the Embassy of the Republic of Zambia in France :

Zambia : Africa’s new frontier for investments and profit

Home of the mighty Victoria Falls, Top ten fastest growingeconomy in the world.Zambia, a hidden jewel of Africa is located in the southernpart of Africa covering an area of 752, 614 km² bordering8 countries. The country has enjoyed a stable political en-

vironment since it got independence on 24th October, 1964.It has no record of war or civil strife and this year it is aspecial year for Zambia as it is celebrating its golden ju-bilee to mark 50 years independence for continued peace,unity, democracy, patriotism and prosperity.

The Economy :Zambia’s economic performance in recent years has been po-sitive. The real Gross Domestic Product (GDP) grew by 6.9%

billion and over 500 Chinese companies operating in thecountry.In 1975, China built a historical monument that symbo-lizes the friendship between Zambia and China, the TA-ZARA railway, a 1,860 km railway line linking Tanzaniaand Zambia.

Tax Incentives include : Corporate income tax :– 0% for 5 yrs, 50% rate for year 6 & 7 and 75% rate foryear 8 & 9 and Full rate year 10.– Zero duty of capital items. – Import VAT deferment.

Priority Sectors for Investment :– Public Private Partnership (PPP) and Infrastructure: In-vestment through the PPPs especially to construct variousinfrastructures around the country. Investors to carry outfeasibility studies and construct various railway lines on aBuild Operate and Transfer basis are being sought. Poten-tial partners to provide financing, develop and manage theLusaka South Multi Facility Economic Zone (MFEZ) arealso been sought.– Manufacturing: Value addition activities in the food and

in 2013. This mar-ked the eight year ina row in which theeconomy grew above5 percent.Inflation stood at 7.1%

with a per capita GDPof 1,621 USD.The government hasremained steadfast inpromoting private sec-tor development andas such, it has imple-mented a number ofreforms to ease thehustles that private bu-siness may go throughto open and operate a

business. This has resulted in increased foreign direct in-vestment inflows into Zambia from barely over a USD 100million a decade ago to over USD 2 billion currently. Zambia, with a population of 14 million people provides ahuge market of over 500 million people as it a member ofboth COMESA and SADC free trade areas. In addition,Zambia has various bilateral trade agreements and alsoexports to the European Union under the everything butarms initiative, to China under the Chinese trade initiative,to Japan under the Japanese trade initiative and to theUnited States of America under the African Growth andOpportunity Act (AGOA). In terms of ease of doing busi-ness, Zambia is ranked number 83 out of 189 countriessurveyed by the World Bank. Suffice to say that Zambia isranked 7th and 5th in Sub Saharan Africa and the SADCregion respectively. As for registering a business in Zambia,investors can register a company within 24 hours at ourrecently established One Stop Shops.

Zambia-China Relations

Zambia has been a friend of china since 1964 and to datethe bilateral relations have strengthened. Trade betweenthe two countries has surpassed USD 3.8 billion with anaccumulated amount of investment to a tune of USD 2.6

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L.E. et M. Chibwe CHISALA, First Secretary, Economic & Trade

beverages, textiles and leather sub sectors and also throughthe existing MFEZs.– Tourism: Development of tourism resorts in the NorthernCircuit and the Greater Livingstone areas specifically inthe existing National Parks and Waterfalls. – Agriculture: Zambia has embarked on the developmentand commercialization of 9 Farm Blocks by making landavailable for large scale investment to the private sector. Itis also looking for investors to invest in pineapple and cot-ton growing and cluster development.– Energy: With up to 2000 MW capacity to generate hydropower, the country only generates up to 1,700 MW henceopportunities exist to develop hydro power stations. In ad-dition, development of mini hydro power stations is beingsought.– Mining: Copper mining has dominated the sector butother minerals exist such as iron, manganese, coal, nickel,gemstones and industrial minerals ready for explorationand development.

Conclusion

Zambia and France have enjoyed good political and eco-nomic relations. French companies such as Lafarge group,Total, Bollore logistics, CFAO have already invested inZambia. With the Agreement on Investment Promotion andProtection between Zambia and France already in place,it would be wise to ride on these platforms and invest inZambia. Surely with all these economic indicators pointingin the right direction, there can never be a better time toinvest in Zambia than now as the old adage says “the ear-liest bird catches the worm”.

You are Welcome! Bienvenus!

ContactEmbassy of the Republic of Zambia18, avenue de Tourville 75007 Paris Tél.: +33 1 56 88 12 72 e-mail : zambiansparis@wanadoo.fr

The intervention of Jean-Paul Tchang, economist and fi-nancier, about the role of Chinese banks in Zambia :

Diplomatic relations between the twocountries date back to October 1964.Since 1967, China has provided morethan seventy projects including the Tan-zania-Zambia railway. Reciprocal visitsof leaders of both countries have beennumerous, including that of President Sata in China in2013 and that of the Chinese Vice President Li Yuanchaoin Zambia in June 2014. Eight cooperation agreements re-lated to Chinese loans to bilateral projects have been signedduring this last visit. Trade between the two countries tota-led $ 3.8 billion in 2013. Chinese investment in Zambiareached $ 2.6 billion, creating about 50,000 jobs in thecountry. More than one hundred Chinese companies, stateowned or private, are operating in the country, and a Sino-Zambian economic and commercial development zoneexists. Among the major Chinese companies present in thecountry : CNMC (China Non Ferrous Metal Corp) whichoperates copper mines and refineries, ICT companies Hua-wei and ZTE. Chinese companies are also in the field of

MY IMPRESSIONS :

Zambia, land of opportunity, still unknown but where to go!

Zambia country is booming, Zambian people only as-pire to take advantage of new technologies whilemaintaining their cultural and social standards. Zam-bian people appreciate French people but unfortuna-tely we, French, do not know enough about this greatcountry. At the beginning of the meeting at the embassy, wesaw a short film about the country; it was quite ama-zing! Nothing to do with what you might think or notthink about this country... It is essential to discover thiscountry; the few French who have taken the plungeare very satisfied. With the share growth and fundinginvestment that Chinese can bring, it becomes the icingon the cake!You do not have time to waste, come and discover thissouthern African country and you will be convincedthat there are opportunities and a business future foryou.Zambia is home to a rich biodiversity with a widevariety of flora and fauna and this while being in ur-banization and a growing development; True, in Zam-bia people speak english, but the language should notbe a barrier as the Zambian people are very accessi-ble and accommodating. Of course, Croissance PEACE can help you throughcontacts, friends and all persons who understand thesesides of this country. They will be happy to share withyou this exciting country.

COMMUNICATION :Remember, Croissance PEACE, through its integratedcommunication agency, offers to put its expertise atyour disposal in such way that one talks about youand, above all, that we talk about you as you want.Creation of visual identity – Edition : magazines, books– Designing websites and blogs – Creations of excep-tional objects – Audiovisual productions – Organiza-tion of any events...

Ludovic Emanuely +33 6 80 26 97 19e-mail : ludovic.emanuely@croissancepeace.org

website : http://www.croissancepeace.org

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Les textes ci-dessus ainsi que leur traduction sont rédigéssous l’entière responsabilité de leurs auteurs respectifs.

energy, agriculture, public works and tourism. The Bank ofChina has a branch there. China Development Bank, oneof China's policy banks that support Chinese companiesabroad, has a representative office in Lusaka.

In August of this year, an agreement has been signed inBeijing for technology transfer in the field of renewableenergies to Zambia and Ghana as part of the UNDP (Uni-ted Nations development program), transfer driven byChina and Denmark over a Danish funding.