Indian multi-billionaire cosies up to Masisi

Agarwal, renowned for his rags-to-riches story where he built his empire from selling scrap metal, has already met twice with Masisi in the new President’s first 20 days in office.

The industrialist holds a controlling stake in Vedanta Resources, a London-headquartered global diversified metals and mining group he founded in 1976.  Vedanta, which posted a net income of US$880 million last year, owns one of Zambia’s largest copper operations, while the government of Zambia indirectly has equity as well.