ZAMBIA: INVESTMENT/ZNBC/14/3/18 SABANews 1
LUSAKA – The government of ZAMBIA has pledged to protect the existing and new business actors in the country.
ZNBC News says Commerce Minister CHRISTOPHER YALUMA has addressed a delegation of 23 business people from INDIA at his office in the capital, LUSAKA.
It quotes him as saying the EDGAR LUNGU Administration has come up with deliberate policies aimed to protect every investment in the country.
He says the 23 INDIAN men and women form the FIRST group of its kind, which clearly shows the confidence of the INDIAN Government in the ZAMBIAN market.
Minister YALUMA has advised the team to consider working with ZAMBIAN traders to help the Sub-SAHARAN AFRICAN traders build their capacity too.
NIRVANA Leading Delegate RAYEES ANJUM has commended the political climate and State policies, which says attracted his team to take a tour of the SADC country and find ways to invest.
He says his group comprises representatives if firms interested to invest in the agriculture, education, health, food processing, and energy sectors, as wide variety of others.
The INDIAN businessperson, whose country boasts of a population of ONE-BILLION-324-MILLION, says he is grateful they have managed to assess areas capable of strengthening the INDIA-ZAMBIA bilateral ties.
A 2017 World Bank ZAMBIA Report: Reaping Richer Returns from Public Expenditures in Agriculture says economic recovery continued that year, although the revival failed to pick up the fiscal pointers.
The country is also a beneficiary of about 450 white farmers who left ZIMBABWE after the then ROBERT MUGABE Administration launched a chaotic land grab and displaced them over the years.
Media reports say the agriculture sector in ZAMBIA flourished to the extent of exporting maize to the former breadbasket of the SADC Region during the 2016 EL NINO drought.
The traders are sampling the ZAMBIAN markets after INDIA has developed ties with most AFRICAN nations, with whom it shares a long and rich history of interaction marked by cultural, economic and political exchanges./Sabanews/cam