IDC describes half of 2017 as progressive

Mateyo Kaluba

Industrial Development Cooperation (IDC) Acting Executive Director Mateyo Kaluba has described the first half of 2017 as positive and progressive in terms of investment and development.

Mr. Kaluba told Q news in an interview that the year 2017 will be a good and productive year noting form the achievements that have been made in the first half of the year some of which saw the country partnering with two international power producers to produce solar in the country.

Mr. Kaluba adds that in the first quarter of the year the country also saw Twelve of the 20 largest renewable energy producers in the world participating in a tender to produce renewable energy which shows the confidence that investors’ have in Zambia.

He has stated that the country recording a single digit inflation and the better outlook for the micro economic factors gives a sign that the countries development in the industrial sector has been good sand will further improve by the end of the year.

He has since stated that 2017 will be a good year in terms of the IDC delivering on its mandate in the country’s industrial development.