News

‘Zambia resolved to grow economy fast’

STEVEN MVULA, Lusaka
ZAMBIA wants to grow her economy fast, President Lungu has said.
“We want to grow our economy fast and the energy sector offers a ready market because of the power shortage the country is experiencing,” President Lungu said.
The President said this at State House yesterday when German Minister of Foreign Affairs Frank-Walter Steinmeier and a delegation of 17 business executives paid a courtesy call on him.
President Lungu said the power shortage has hit the economy badly and German investment will, therefore, be of help.
“Poor copper prices on the international market have made us not have much currency. We are in an emergency,” he said.
President Lungu informed Dr Steinmeier and his business delegation that Zambia is peaceful, stable and suitable for investment.
“Elsewhere in the region, there is turbulence but here you are very safe. We operate within the law and we respect human rights. Our governance record is good. What we tell you is what we do,” President Lungu said.
A 95-member German delegation is in Zambia to explore business and bilateral opportunities.
Earlier, President Lungu held a closed-door political meeting with Dr Steinmeier, German ambassador to Zambia Bernd Finke, German director general for political affairs for Africa Sabine Sparwasser and Christian Clages, the director for bilateral and EU relations for southern Africa.



Facebook Feed

Ad1