 |
| President Edgar Lungu |
President Edgar Lungu says
the Zambia South Africa Business (ZSBC) council will no doubt complement
government efforts in promoting trade and investment between the two countries.
Mr. Lungu has however urged
South African investors to take advantage of the investment opportunities in
Zambia by investing in various economic sectors which offer a favourable rate
of return for their investments.
President
Lungu said government remains committed to creating an enabling business
environment aimed at attracting foreign direct investment and stimulating local
investment through linkages with small and medium enterprises.
The Head of State said this
in a speech read on his behalf by Vice President Inonge Wina at the official
launch of the Zambia South Africa Business Council (ZSBC) Zambia Chapter in
Lusaka last night.
The Zambia South Africa
Business Council was established in October 2015 as an innovation of the
Zambian High Commission in Pretoria to promote investment and trade between the
two countries and to advocate quick resolution of disputes and barriers.
Mr. Lungu expressed hope
that through the business council, trade volumes between the two countries will
increase even more in a mutually beneficial way with the anticipated inclusion
of more local entrepreneurs in various economic value chains.
He however emphasized on the
need to ensure that more local entrepreneurs are given an opportunity to
participate in the economic value chains in Zambia by designing appropriate
capacity building interventions.
Meanwhile, Acting South
Africa High Commission to Zambia Nontombi Makupula said there is need to cope
with the changing global trend of strengthening bilateral relations not only
politically but economically in order to improve the living conditions of the
people.
Ms. Makupula praised Zambia
for being an all-weather trading partner of South Africa and pledged for
continued efforts aimed at fostering inclusive economic growth between the two
countries.
No comments:
Post a Comment