GOVT OPENS DOOR FOR RE-INVESTMENTS
Minister of Commerce, Trade and Industry, Christopher Yaluma MP, is elated by the investor’s positive response to discuss matters on the climate of re-investment in Zambia as this is a promising step towards the re-definition of the country’s economy.
Hon. Yaluma said Government through the Ministry of Commerce, Trade and Industry is making changes towards the support rendered to both local and foreign investors.
He added that in an effort to assist investors, Government has launched the legal framework, policy framework, investment promotion strategy, trade policy, export strategy and the local content strategy.
This was contained in a speech delivered on his behalf by Ministry of Commerce, Trade and Industry Permanent Secretary, Kayula Siame, at the Zambia Development Agency (ZDA) Investor symposium earlier today.
“As you may be aware, we are gathered here because we are trying to increase the productive capacity of local businesses in order to ensure that Zambia remains competitive especially now that we are about to ratify the Africa Continental Free Trade Area (AfCFTA), also, we have invited different regulatory agencies to apprise you on the investment support that we have to offer” The minister said.
Further, the minister urged the investors to use this opportunity to relay their recommendations and speak of the challenges they have been facing and assured them that his ministry will quickly implement what is required to support and help them.
Speaking at the same event, Zambia Development Agency Board chairperson, Mary Ngulube stated that ZDA strives to market investment and reinvestment opportunities that exist in the economy through programs that are aimed at encouraging new investments such as the investor symposium held toady.
Mrs Ngulube added that the global Market for investment is highly competitive, hence there is need to encourage reinvestment of the already existing enterprises operating in Zambia.
“Reinvestment is an aspect of development that we must embrace if Zambia is to enhance its economic development.” Mrs Ngulube said.