Q FM Africa's Modern Radio
Commerce, Trade and Industry Minister, Robert Sichinga says he is optimistic that Zambia will continue being a stable country with predicable fiscal policies whether governments change or not over time.
Mr. Sichinga says any investor coming to Zambia should also be assured that their investment will be protected by the country’s constitution against any nationalization.
Speaking this morning at the United Kingdom (UK) Trade Mission business mee
ting in Lusaka, Mr. Sichinga has also reiterated the Zambian government’s emphasis on value addition for all of the locally produced raw materials.
Mr. Sichinga, who was franked by Zambia Development Agency (ZDA) Director General Patrick Chisanga, has told a delegation from the UK that the Zambian government is also encouraging Foreign Direct Investments (FDIs) in the country’s 11 farming blocks.
He says the country has a good rainfall pattern and a huge portion of undeveloped land for Agriculture investment.
Mr. Sichinga says this is in addition to the country providing a good opportunity for investments in hydro energy production given its massive fresh water bodies.
The Commerce, Trade and Industry Minister has also invited the delegation of the UK Trade Mission that is in the country to explore areas of investment in country’s various sectors to take time in touring Zambia’s Multi Facility Economic Zones (MFEZs) during their visit.
And Mr. Thornton the United Kingdom has taken note of the economic growth taking place in Zambia.
Mr. Thornton has also disclosed plans to set up a British Chamber of Commerce in Zambia.
He says this is in order to facilitate more of such trade relations between British investors and Zambia.