No truth in ZESCO, ZNBC takeover by China – Emmanuel Mwamba

Zambia’s High Commissioner to South Africa Emmanuel Mwamba

Zambian High Commissioner to South Africa Emmanuel Mwamba says there is no truth in the allegations that China will take over parastatal companies such as ZESCO and ZNBC.

Speaking in an interview with SABC in South Africa Mr. Mwamba says the allegations are malicious.

Mr. Mwamba says the relationship between Zambia and China is mutual and Sino-Africa relationship is beneficial to Zambia.

China-Africa trade has increased from just more than $10bn in 2000 to $170bn last year. Chinese investment in Africa has soared from less than $1bn in 2000 to more than $100bn.

To date, China has helped finance and build for Africa 6500km of railways, 6200km of roads, 20 seaports, 20 bridges, more than 80 power plants, more than 200 schools and 80-plus stadiums.

Since 2016, China has provided over 10 000 government scholarships to African countries per year.
Chikuni Community Radio Station