Tuesday, 22 September 2015


President Edgar Lungu
President Edgar Lungu says his government will continue promoting a private sector-driven economy in order to promote growth.

President Lungu said government is encouraging the setting up of joint venture projects between Zambia and foreign investors in areas of agriculture, manufacturing, mining, tourism, and energy and water development.

The President was speaking today at state house when he received credentials from ambassadors and high commissioners-designate from the republic of Italy, Greece, Kingdom of Spain, Iran, Pakistan and state of Israel.

The President hoped that the respective countries that have sent representatives to Zambia will have a lot to offer to enhance trade and investment with Zambia.

He urged the diplomats who have been accredited to Zambia to harness Zambia’s potential and increase their countries’ investment portfolio in the country.

The Head of State observed that Zambia’s central location offers a huge market for business considering her strategic geographic position.

Speaking before handing his letter of credence to President Lungu, Greece Ambassador designate to Zambia Leonidas Conovounesios said his country is impressed with the economic and social progress Zambia is making marked by high growth rate and attraction of foreign investments.

He disclosed that Greece is bring a delegation of 16 Greek enterprises to Zambia next month in the fields of agriculture, manufacturing, trade, construction and renewable energy.

He added that his country admires how Zambia resolves the issue of refugees as it is a matter greatly preoccupying Europe today.

And Italian Ambassador to Zambia said his country needs Zambia as much as Zambia needs Italy because Italy is the second largest European industrial country and has skill and experience to help create economic output.

He said Zambia can derive fresh capital and experiences

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