Editor's Comment

Detractors can’t stop progress

CONSTRUCTION works at Matero District Hospital funded by government of Japan has reached advanced stage. Here, Shimizu Corporation working on the facility in Lusaka recently. PICTURE: COLLINS PHIRI

WHEN President Lungu says Zambia is on a trajectory of rebounding economically, he is right. The proof is there.
There are so many economic fundamentals that point to this fact.
One of them is that Lusaka, the country’s capital city, is one of the fastest-growing cities in southern Africa.
Lusaka is the biggest construction site sub-Saharan Africa has seen, with shopping malls, office accommodation and residential housing units sprouting in almost every corner of the city.
Our three major airports – Kenneth Kaunda in Lusaka, Simon Mwansa Kapwepwe in Ndola and Harry Mwaanga Nkumbula in Livingstone-have become extremely busy.
They are receiving more flights per day than they used to in the past and this represents a huge inflow of visitors who are coming to sample the country’s tourism as well as prospecting for investment.
Two weeks ago, the country received a number of high-profile South African farmers and more from other countries are expected in the country.
Taking advantage of the trade enquiries by South African businesses interested in interacting with their Zambian counterparts, the Zambian High Commission in Pretoria has taken advantage of the situation by facilitating the formation of the Zambia-South Africa Business Council.
The American Chamber of Commerce in Zambia has been busy welcoming the US trade delegations.
The most recent trade delegation came from the State of Illinois. The delegation was looking to explore investment opportunities in the health sector, particularly involving medical equipment.
About a month ago, the German embassy in Lusaka launched the Lusaka office of the Southern African-German Chamber of Commerce and Industry.
All these gestures point to Zambia’s economic prospects looking bright. And this can only happen in a country that is viable and has a good investment environment.
That is why President Lungu says no amount of negative crusades orchestrated by some sections of society will succeed in painting a negative picture of Zambia’s transforming economy.
“What we are witnessing today is a confirmation that Zambia is on its trajectory of rebounding economically. The confidence that this investment of US$3.5 million indicates is that this country is the best investment destination,” President Lungu said at the launch of the US$3.5 million investments in an ultra-modern Jaguar, Land Rover showroom by Alliance motors in Lusaka on Tuesday evening.
Recent reports from different institutions have ranked Zambia among the best investment destinations.
“Through the implementation of these policies and reforms, the World Bank 2015 doing business report ranked Zambia tenth in Africa, ninth in sub-Saharan African, seventh in Southern Africa Development Community (SADC) and fifth in the common Market for Eastern and Southern Africa (COMESA) in terms of the ease of doing business index,” he said
He said it is for this reason that Government has continued providing a conducive environment for investors to enhance the country’s economic growth through job creation.

Facebook Feed