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President Edgar Lungu

President dates local, international investors

STATE House has assured investors that Zambia has remained a stable, open and liberal democracy where their investments

are safe.
Special assistant to the President for press and public relations Amos Chanda says President Lungu is committed to ensuring that opportunities for investors are provided as long as they operate within the laws of the country.
Mr Chanda told journalists yesterday that this is why the President engages investors and other stakeholders as it is within his mandate to create an enabling environment for investment.
He said the President has been doing this by assuring investors of the stable and conducive environment in Zambia, both economically and politically.
“Within this line of assuring investors that their businesses are safe, the President has a number of engagements this month with stakeholders in the political and business arenas,” Mr Chanda said.
He said London-based Commonwealth secretary general Patricia Scotland is expected in the country on Monday and she will on Wednesday meet President Lungu to discuss a broad range of issues.
The matters to be discussed range from economic co-operation and politics to bilateral and multilateral agreements all within the framework of the Commonwealth.
“Baroness Scotland will discuss the role of the Commonwealth in promoting governance in the country. The two will also discuss the final report of the Commonwealth Secretariat, which sent the observer mission to monitor elections last year,” Mr Chanda said.
He said the verdict of the Commonwealth was that the 2016 general elections were free and fair and were conducted in an orderly and competent manner.
Meanwhile, President Lungu yesterday met First Quantum Minerals chairman Philip Pascall and discussed the mining fiscal regime and the investment climate in Zambia.
During the meeting, President Lungu assured Mr Pascall of his commitment to making Zambia stable and attractive to investment as this is one of the main resolves his administration has undertaken.
“Next week, the President will be meeting president of Barrick Gold Kelvin Dushnisky, the owner of Lumwana Mine, to discuss a broad range of issues,” Mr Chanda said.
Mr Chanda also said President Lungu will next week receive Tullow Oil chief executive officer Aidan Heavey, with whom he will officially launch oil explorations in Northern Province. Tullow Oil is one of the largest oil businesses in Europe.