Lungu markets Zambia’s investment potential

By Ann Zulu

BUSINESSMEN and women from around the world should take advantage of Zambia’s conducive environment for investment by establishing joint ventures with their Zambian counterparts, President Edgar Lungu has said.

President Lungu said Zambia had a lot of investment opportunities that should be exploited.

He cited the three multi-facility economic zones in Lusaka and on the Copperbelt as possible areas of investment.

The President said this in Lusaka yesterday when he received credentials from ambassadors and high commissioners accredited to Zambia from Turkey, Uganda, Nepal and Malawi.

“Government has formulated attractive investment policies, thereby making Zambia a preferred destination for investment in the Southern African region. Examples of some of the investment opportunities include Zambia’s three multi-facility economic zones, one on the Copperbelt and two in Lusaka, with huge incentives and amenities,” President Lungu.

Diplomats who presented credentials to President Lungu were Mrs Sebnem Incesu, ambassador of Turkey, Ms Dorothy Samali Hyuha, high commissioner of Uganda, Mr Amrit Bahadur Rai, ambassador of Nepal and Mr Waren Bamus Gunda, high commissioner of Malawi.

President Lungu in his message to Turkish envoy Incesu said the upcoming visit to Zambia by the Turkish Minister of Foreign Affairs was an indication of Government’s commitment to deepening ties between the two countries.

He condemned the recent terrorist attack on a night club in Istanbul, saying that Zambia stood with Turkey in fighting all forms of terror.

“Zambia and Turkey have maintained cordial relations for several years. Let me take this opportunity to join the rest of the international community in condemning the terrorist attacks in Turkey and assure Turkey of Zambia’s support in fighting this scourge,” he said.

The President described Uganda and Malawi as close sister republics that shared common ancestry, culture and warm relations.

On Nepal, President Lungu said that the two countries enjoyed cordial ties that were founded on shared values and mutual interests.

Earlier, Turkish ambassador Incesu described Zambia as an oasis of peace and stability on the African continent, saying the country had made strides in developing its economy.

And Ambassador Amrit Bahadur Rai of the Federal Democratic Republic of Nepal said he was looking forward to enhancing bilateral relations with Zambia during his tour of duty.

And High Commissioners Hyuha of Uganda and Gunda of Malawi said the personal and brotherly relations between the President and their respective Heads of States were a demonstration of close relations enjoyed by Zambia and their countries.