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Zambia’s stability inspires Turkey

ZAMBIA'S Ambassador to Turkey Miriam Mulenga poses with Istanbul chamber of Commercial Deputy Secretary General Tezer Palacioglu as she presented him with a copper ware depicting the Victoria Falls. This was shortly after Ambassador Mulenga made a presentation on investment opportunities in Zambia. PICTURE: COURTESY OF ZAMBIAN MISSION TO TURKEY.

THE Istanbul Chamber of Commerce of Turkey is inspired by Zambia’s political stability and has pledged to use this strength to market the country as a prime investment destination.
The Chamber’s deputy secretary-general Tezer Palacioglu said a nation’s political environment is paramount for Turkish companies’ decision to invest in those countries.
Mr Palacioglu said this in a statement issued by Zambia’s deputy head of mission in Turkey, Bwalya Nondo.
He also said the Istanbul Chamber of Commerce has indicated its readiness to arrange a business mission to Zambia to enable members have an insight into the investment climate and opportunities in Zambia.
“The Istanbul Chamber of Commerce which has a membership of 355,000 from a wide range of economic sectors is also willing to help Zambia conduct business promotion activities in Turkey to enhance economic relations between the two countries,” Mr Palacioglu said.
He said his pronouncement is a the result of an outcome of a business interaction session with Zambia’s Ambassador to Turkey Miriam Mulenga, who is on a crusade to intensify investment promotion in Turkey in order to increase  foreign direct investment (FDI) into various sectors of Zambia’s economy.
And Ms Mulenga urged Turkish investors to take full advantage of the enabling environment created by Government and invest in sectors such as agriculture, mining, agro-processing, textiles, infrastructure development and tourism.
She also said that investors in Zambia enjoy preferential market access within the Southern African Development Community (SADC) and Common Market for Eastern and Southern Africa (COMESA) regions and beyond.
Ms Mulenga noted that the safety of investments in Zambia is not only guaranteed by the peace enjoyed since independence in 1964, but also through an effective legal framework put in place by Government.
“The Zambian government in conjunction with the private sector has established Multi-Facility Economic Zones (MFEZs) and industrial parks with fiscal and non-fiscal incentives to companies that wished to set up base in these facilities,” Ms Mulenga said.
She also invited the Istanbul Chamber of Commerce to participate in Zambia’s annual commercial shows – the International Trade Fair in Ndola, and the Agricultural and Commercial Show in Lusaka, which take place in July and August, respectively.

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