Zambia on right track to develop – Yaluma

Mines, Energy and Water Development Minister, Christopher Yaluma says Zambia is on the right track in accelerating development owing to President Michael Sata’s ambitious developmental agenda backed by concrete policies.

Mr. Yaluma says Zambia has become an attractive investment destination offering various lucrative investment opportunities in sectors such as manufacturing, energy and mining.

He explains that Zambia’s investment climate is characterized by a stable macroeconomic environment, stable political system, investment guarantees and security and unrestricted repatriation of after-tax profits among other incentives.

Mr. Yaluma says the country is currently experiencing a power deficit as a result of the rapid economic development the country has experienced over the last few years.

He adds that as a result of the power deficit, government has embarked on a national wide power generation and transmission building programme.

Mr. Yaluma has also called on stakeholders to help invest in sustainable energy.