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Bank of China celebrates 25 years of service in Zambia-

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  The Bank of China Zambia Ltd celebrated its 25 years of banking in Zambia as a bridge facilitating the growing economic and trade exchanges between the two countries During the celebration event held on Friday the bank s Managing Director Wang Qi said the bank is proud of its 25 years of service in Zambia and vowed that the bank will continue to provide strong and ardent support for the country s economic development Highlighting some of the bank s achievements in the past 25 years Wang said the bank has provided a total of 3 billion US dollars in financial support for the country s development According to him more than 60 Zambian companies have established business partnerships with their Chinese partners while in the past two years the bank organized more than 40 Zambian companies to participate in the China International Import Expo The bank will spare no efforts to promote Zambia to China and the world not only as an investment option but also as a tourist and holiday destination he added Chinese Ambassador to Zambia Du Xiaohui said the birth and growth of the bank in Zambia is a vivid example of how China has developed its ties with Africa and facilitated cooperation with developing countries The fact that a Chinese financial institution has taken root grown and prospered in Zambia shows that the Chinese government and Chinese financial institutions have been optimistic about Zambia s good business environment and ample development opportunities he said Bank of Zambia Deputy Governor in Charge of Operations Francis Chipimo praised the bank for its role in promoting the country s economic development Zambian Minister of Finance and National Planning Situmbeko Musokotwane said the Zambian government will do everything possible to ensure that the relationship with China is strengthened Xinhua
Bank of China celebrates 25 years of service in Zambia-

Managing Director Wang Qi

– The Bank of China Zambia Ltd. celebrated its 25 years of banking in Zambia as a bridge facilitating the growing economic and trade exchanges between the two countries.

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During the celebration event held on Friday, the bank’s Managing Director Wang Qi said the bank is proud of its 25 years of service in Zambia and vowed that the bank will continue to provide strong and ardent support for the country’s economic development.

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Highlighting some of the bank’s achievements in the past 25 years, Wang said the bank has provided a total of 3 billion US dollars in financial support for the country’s development.

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According to him, more than 60 Zambian companies have established business partnerships with their Chinese partners, while in the past two years the bank organized more than 40 Zambian companies to participate in the China International Import Expo.

The bank will spare no efforts to promote Zambia to China and the world not only as an investment option but also as a tourist and holiday destination, he added.

Chinese Ambassador to Zambia Du Xiaohui said the birth and growth of the bank in Zambia is a vivid example of how China has developed its ties with Africa and facilitated cooperation with developing countries.

“The fact that a Chinese financial institution has taken root, grown and prospered in Zambia shows that the Chinese government and Chinese financial institutions have been optimistic about Zambia’s good business environment and ample development opportunities,” he said.

Bank of Zambia Deputy Governor in Charge of Operations Francis Chipimo praised the bank for its role in promoting the country’s economic development.

Zambian Minister of Finance and National Planning Situmbeko Musokotwane said the Zambian government will do everything possible to ensure that the relationship with China is strengthened. ■

(Xinhua)

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