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Zambia Anticipates Foreign Investment Boom

Zambia Anticipates Foreign Investment Boom

The number of foreign firms active in the Zambian defense market is expected to grow this year with companies from China and Brazil setting up plants to manufacture troop carriers and ammunition to supply the Zambia Defense Force (ZDF), the Zambia Police Service and the regional market.

More global defense equipment manufacturers from Russia, China, Italy and South Africa are already competing to meet the need for new aircraft, aerial defense systems, troop carriers, Navy boats and special forces equipment in a country with a rising defense budget. Chinese companies are set to win more patrol boat orders for Zambia’s new naval unit, the 48th Marine Group, which was launched late in July to protect the country’s in-land maritime borders with the Democratic Republic of Congo and Zimbabwe.

Source: Zambia Anticipates Foreign Investment Boom