Southern Africa: Zambia sees $2.7 bln in FDI in 2009-trade minister

Zambia expects foreign direct investment to reach $2.7 billion in 2009 despite the global economic downturn as investors rush to take up tax breaks, the government's trade minister said. Zambia has in the last five years liberalised its investment policies, awarding tax incentives to foreign companies in a bid to grow the economy and create wealth and employment.