October 3, 2023 7:42 am

Zambia seeks strong industrial growth with Russian partnership – MP – RT Business News

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Zambia is seeking assistance from Russia to achieve sustainable technological sovereignty, which is crucial for economic prosperity, according to Chanda Katotobwe, a member of parliament from Zambia. During an interview with RT at the Russia-Africa Summit held in St. Petersburg, Katotobwe expressed his belief that Russia has the potential to help Zambia achieve industrialization and economic transformation through the application of science and technology. He also acknowledged Russia’s historical support for Africa during its liberation struggles.

During the summit, the Zambian delegation held discussions with representatives from Russia’s Rostov Region, which is home to factories producing helicopters, electric locomotives, and combine harvesters. The Zambian delegation expressed interest in partnering with Russia to manufacture agricultural machinery on Zambian territory.

Katotobwe emphasized that the world has changed, and new economic unions such as BRICS (Brazil, Russia, India, China, and South Africa) have emerged. He believes that expanding cooperation with other BRICS members and developing nations, particularly China, would greatly benefit the African continent.

Zambia, a landlocked country in south-central Africa with a population of over 20 million, is classified as a lower-middle-income nation by the World Bank. The country’s industries include copper mining and processing, emerald mining, construction, chemicals, textiles, fertilizer, and agriculture.

The Zambian delegation’s presence at the Russia-Africa Summit reflects its commitment to exploring economic cooperation with Russia and other African nations. The two-day summit brought together representatives from 49 countries to discuss ways to strengthen economic ties with Russia.

In conclusion, Chanda Katotobwe’s remarks highlight Zambia’s aspirations to achieve sustainable technological sovereignty and economic development through collaboration with Russia. The country recognizes the opportunities presented by the emergence of economic blocs like BRICS and aims to leverage these partnerships for its own benefit and the development of the African continent.

This story can be found on RT’s business section for more news on the economy and finance.

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Original Source: Zambia seeks strong industrial growth with Russian partnership – MP – RT Business News

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