Business

Zambia stable, open – ZDA

CHISANGA

ANGELA CHISHIMBA, Lusaka
THE Zambia Development Agency (ZDA) has assured investors that Zambia is stable and open for business.
ZDA Chief Executive Officer Chisanga, in an interview on Tuesday said the incentives offered under the ZDA Act still remain on the table for all investors, and that the investment protection agreements that have been signed with various entities will be upheld.
“It is normal that you can expect some adverse caution from the investor community, it happens everywhere. On the stock exchange market you begin to see a slide in share prices, exchange rates get affected, these are normal economic reactions to calamities such as the one we have experienced of the passing on of President Sata,” Mr Chisanga said.
He said it is therefore important for the ZDA, which is charged with the responsibility of promoting, facilitating economic growth and development, to position itself to boost investor confidence.
Mr Chisanga said as a result, ZDA in collaboration with Pangea Securities has decided to go ahead with the Zambia Investment Conference to be held from December 4 to 5.
“Indications from abroad are that investors will come to Zambia and showcase their capabilities. They will come and hold hands with Zambian investors. They will be looking for joint ventures and partnerships with Zambian investors,” he said.
Mr Chisanga said the ZDA believes that once it attracts international investors to partner with Zambians, there will be an inflow of foreign direct investment, and subsequently technology transfer and employment creation.
“This is one of the mandates of the ZDA to promote local entrepreneurship to support Zambian investors so that they grow from being small to medium to large-scale enterprises and where possible to become international investors,” he said.






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