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Zambia attracts 1.6 billion Euros investment, as the Head of State says that driving economic success is not equivalent to be a bootlicker

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PRESIDENT Hakainde Hichilema has expressed pleasure with the 1.6 billion euros investment which the country has attracted from several european union countries.

The Head of State said the investment which will be based in energy, environmental services, construction, engineering services and fresh agro services among others should however, be set higher to about five billion plus euros.

President was speaking during the Zambia Economic Forum under the theme economic transformation through green growth at the mulungushi conference center today said it was gratifying to hold such a meeting after a long time.

“It is our firm belief that domestic and foreign direct investment brings the much-needed capital, technology, management techniques and knowledge of foreign markets. The EU remains an important partner for Zambia, with significant import and export volumes,” he said.

He said Zambia’s major imports from the EU included machinery, transport equipment and chemical products while its main exports include primary products such as non – ferrous metals and agricultural products.

The President said the theme for the forum resonated deeply with the government’s aspirations to achieve sustainable development through the adoption of better, safer climate-sensitive and modern methods of production.

“We pay tribute to the organisers of this forum and recognise their hard work. Our presence here is symbolic of the importance we place on this platform that will facilitate the exploration of investment opportunities between the European Union and Zambia,”he said.

President Hichilema also expressed confidence the EU engagements as it  will be fruitful and will result in the creation of strong and lasting business partnerships.

“We are aware that this is the first ever eu-Zambia Economic Forum, bringing together corporates, financial institutions and entrepreneurs from both the European Union and zambia.  In this regard, we take this opportunity to applaud the European Union delegation through you, your excellency, mr. Janusz wojciechowski for collaborating with our government in convening this important event,” he said.

He said that the forum will enable strategic economic and commercial engagement that will further strengthen the economic ties between the EU and Zambia.

President Hichilema said that government was keen to consolidate and strengthen ties and contribute to the growth of trade and investment between Zambia and the European Union.

He said the hope and expectation of the government is that this forum will contribute to efforts aimed at redressing this historical trade imbalance between our country and the European union.

The Head of State said that the investment environment is becoming more transparent, more accountable, anchored on policy and more stable politically showing the commitment to create jobs and better livelihoods of citizens

“In order to foster inclusive, equitable, accelerated development through the sustainable use of human and natural resources, our government has established the ministry of green economy and environment to particularly focus on the sustainable use of natural resources,” he said.

Mr Hichilema said to achieve the desired green economic impact across the various sectors of the economy, the country needs and shall leverage collaborative private sector partnerships, by prioritizing private sector participation as a key catalyst for our country’s economic growth and development agenda.

President Hichilema also stated that the country is among the best destinations for investment on the continent adding also that it was time to take advantage of the numerous investment and trade opportunities available.

“Allow me to boldly state that Zambia is among the best opportunities in mining, agriculture, energy, tourism and manufacturing, to name a few, are poised to yield desirable returns and positively impact our communities,” he said.

He further echoed the need to continuously fight corruption as it took away from the growth and development of the country.

(Mwebantu, Wednesday, May 18th, 2022)

(Picture by Chellah Tukuta/State House)

Politics

Government to sink boreholes across the country

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“WITH the current devastating climate change, the government is going flat out to sink boreholes and do crop irrigation across the country”, President Hakainde Hichilema has said.

The President said his administration is determined to ensure food security despite the challenging circumstances.
“We are determined to ensure that food security is attained even during these difficult times. Let us all get involved and get it solved. We shall overcome as God will do the rest,” he said.

President Hichilema urged citizens to actively participate in the efforts, stating the collective responsibility to overcome the challenges emanating from the dry spell.

Last week, President Hichilema declared the ongoing drought a national disaster, announcing a comprehensive set of measures to mitigate its impact.

The declaration was prompted by the destruction of one million hectares of farmland, affecting over one million households across the country.

(Mwebantu, Monday, 4th March, 2024)

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‘Why are you pretending to be rich?’ HH asks Gov’t officials who insist on traveling on business class

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PRESIDENT Hakainde Hichilema has described government officials that prefer traveling on business class as cheats and pretenders.

The head of state has revealed that the country has limited resources and it does not make sense for a government official to move in business class at the expense of the treasury.

The president said following the declaration of a national disaster as a result of the prolonged dry spells, that there will be for prudent usage of resources.

“We will aggressively shift resources from consumption, wastage travel, and business class. Secretary to the treasury, I hear there are people who want to travel business class from Lusaka to Johannesburg?” he said, “for one hour 30 minutes [you want to be on business class], we sit on our stools for three hour we village people,”

He wondered what is wrong with a government official travelling on economy class.

What’s wrong with economy ticket for one hour 40 minutes, this is what I call pretence, for one hour 40 minutes you want to fell rich, that’s cheating,” the President said.

He said he has already given his cabinet the signal that there will be no more unnecessary travels.

“There will be no more of such things, including unnecessary travels, size of delegation, I sent this signal to my colleagues in cabinet and I have made this official, resources are limited, the question is how do we utlise the limited resources,” Mr Hichilema said.

Meanwhile, he warned that there will be accountability in the utilization of resources and those found wanting “Will be on their own”

(Mwebantu, Monday, 4th March, 2024)

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House of Chiefs commends President Hichilema’s swift response to drought crisis.

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TRADITIONAL leaders have commended President Hakainde Hichilema’s decisive action in addressing the drought.

House of Chiefs Chairperson Chief Chisunka said the President’s declaration is a timely and crucial step in mobilising resources and support to mitigate the impact of this drought on the affected communities.

Dr Chisunka said the effects of climate change, particularly the prolonged dry spells and erratic rainfall patterns, have posed unprecedented challenges to agricultural systems, water sources, and, most importantly, the livelihoods of people.

He underscored the urgent need for collaborative efforts to mitigate the challenges posed by climate change.

Dr Chisunka said the traditional leadership is committed to supporting the government and ensuring coordinated relief efforts.

“As traditional leaders, we commend President Hakainde Hichilema for his swift and decisive action in recognizing the gravity of the situation and marking our country’s debilitating drought as a national disaster and emergency. Together, we can overcome this crisis and emerge stronger and more resilient than before. We will continue to work together to build a better and brighter future for all our people,” he said.

(Mwebantu, Sunday, 3rd March, 2024)

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