Lusaka Economist Oliver Saasa says Zambia should be proud and applaud major investments that China has continued to undertake in various fields of the country’s economy.
Professor Saasa says it is heartening that Government has continued to embrace investments from China which he said has a large presence in sectors such as manufacturing, construction, communication and transport among others.
He told ZANIS in an interview in Lusaka today that Chinese investments in the country should be recognised and appreciated by well-meaning Zambians.
Nevertheless, Prof. Saasa stressed the need for Government to ensure that investors coming to invest in Zambia adhere to and respect Zambian labour laws and regulations.
He said Government should firmly deal with investors flouting Zambian labour laws and compel them to adhere to and respect the country’s labour statutes.
Prof. Saasa who is also Mulungushi University Chancellor emphasised the need for Government to ensure that Chinese investors and other foreign investors investing in the country’s economy adhere to the laws in order to dispel controversies surrounding Chinese investment in Zambia.
He added that Government needs to ensure that there is transparency in awarding of licenses to investors and bring to book investors that flouted the law.
He also noted that it is Government’s role to ensure that laws are not only respected but followed by both local and foreign investors.
Prof. Saasa said this will enhance investor confidence as Zambia is a safe haven for conducting business.