Pretoria – Monday 21st August , 2017
Finance Minister Felix Mutati has assured the investor community in South Africa that Zambia’s Economic Environment has stabilised following the consistent economic policies.
Mr. Mutati says the economic trajectory for Zambia was positive and growing stronger as the country was enjoying entrenched democracy and political stability.
He was speaking at the infrastructure Africa Business Forum held at the Convention Centre in Sandton South Africa attended by that country’s Commerce Minister Rob Davies and several investors from both within and outside South Africa.
Mr. Mutati said Zambia’s micro economic fundamentals were going in the right direction as inflation was low and exchange rate stable.
He observed that good governance and policy consistent has been the hall mark of Zambia’s economic gains so far.
Mr. Mutati expressed gratitude to the South African investors for investing over one billion dollars in various sectors of Zambian economy so far this year, adding that Zambia was now a preferred investment destination in Africa
And Mr. Mutati has urged on African governments to prioritise infrastructure development to enable Africa compete effectively at the international level
He observed that Africa’s competitiveness was being eroded as freight costs were as high as 200 per cent in most countries
Mr. Mutati said there was need for innovative financing and better use of the existing infrastructure as key to handling infrastructure deficit that Africa was grappling with.
He appealed to the private sector to partner with governments to introduce new technologies that would help in bridging the infrastructure gap
Mrs. Naomi Nyawali
First Secretary Press and Public Relations.
Zambia’s High Commission to South Africa.
Email kayulachulu@yahoo.com
press@zambiapretoria.net
Tell: +27(0)12326-1847/97
FAX: +27 (0)12326-2140
