Tuesday 16th January 2018

Investors from Italy and South Africa are expected in Zambia this month

INVESTORS FROM ITALY AND SOUTH AFRICA [SA] are headed for Zambia following an investor cooperation programme conducted by the MINISTER OF FINANCE FELIX MUTATI who was a key note speaker at the Italy-South Africa Business Summit held last week in Johannesburg, South Africa.

During the event, the investors urged Mr. Mutati to continue sharing the “positive Zambian story” with the international community so that others who are taking reforms such as Zambia’s, learn from the country how to structure a focused and bold approach to economic management.

Through effective implementation of the Seventh National Development Plan and Zambia-Plus; The Economic Stabilisation and Growth Programme, “We will remain resolved to continue demonstrating how much we really want our country to develop at an accelerated pace to create jobs for our people and increase wealth,” Mr. Mutati has stated.

Representatives of OVER TEN [10] FIRMS FROM ITALY will in November, 2017, be visiting Zambia to explore investments in energy, agro-processing, and other growth driving sectors.

MEANWHILE, a delegation from the Gauteng Provincial Government of South Africa will visit Zambia from 1st to 5th November 2017, to promote strategic partnerships and secure bilateral relationships with counterparts in our country.

AND The Gauteng Provincial Administration, through the SA Capital Equipment Export Council (SACEE), is looking at ESTABLISHING A BUSINESS HUB IN KITWE OR NDOLA.

The Gauteng Provincial Government has identified South Africa’s Capital Equipment Sector as their major growth industry. Gauteng Province accounts for 40% of SA’s industrial output, 35.1% of their GDP, and 25% of SADC Gross National Product.

In promoting African regional development, the Gauteng Province seeks to increase economic competitiveness WITH FAST GROWING COUNTRIES LIKE ZAMBIA. At the moment, more than 24 Gauteng based companies are currently operating in Zambia.

Tomorrow, Wednesday 1st November, 2017, the Gauteng team will visit O.R. Tambo House in Lusaka before proceeding for a working dinner with ZACCI at Raddison Blu Hotel to discuss Inter-Africa trade and investments.

On Thursday 2nd November, 2017, the South African’s are expected to meet the Minister of Agriculture, Minister of Mines, Minister for Lusaka Province and the Zambia Chamber of Mines.

On their tour of the Copperbelt which begins on Friday, 3rd November, 2017, the Gauteng delegation will jointly meet representatives of the Chamber of Mines, Copperbelt Chambers of Commerce, and the Mining Equipment Suppliers, in order to explore the possibility of enhancing value chain linkages.
The team will also discuss the establishment of a capital equipment business hub on the Copperbelt Province and seek to forge strategic partnerships with local businesses.

Commenting on the separate INTENTIONS OF THE ITALIANS AND THE SOUTH AFRICANS, Minister Mutati has expressed optimism that tangible progress and mutual benefits will result from the bilateral engagements “as long as the initiatives from the two delegations actualize into investments in partnership with locally registered and indigenously owned Zambian companies, during their visits.”

MEANWHILE, the Investment Corporation of Dubai, which is run under the patronage of HIS HIGHNESS SHEIKH MOHAMED BIN RASHID AL MAKTOUM, Vice President/Prime Minister of the United Arab Emirates and Ruler of Dubai, has invited Mr. MUTATI TO BE A SPECIAL GUEST SPEAKER at the ICD Global Investment Forum to be held in Dubai in a fortnight. The event will be held in collaboration with the 4th Co-Investment Roundtable of Sovereign and Pensions Funds Summit.

Heads of State, Business Leaders, Institutional Investors, Sovereign Wealth Fund Managers, and Private Fund Managers will convene in Dubai to explore global investment themes, collaborate, discuss, and share co-investment opportunities. This is another opportunity for Zambia to set the record straight and sell her beautiful story as one of Africa’s best investment destinations.

The unsolicited invitation is a significant manifestation that the positive story of Zambia’s development and the approach which the country is taking to grow and stabilize her economy, are beginning to penetrate the worldwide investor scene.

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