Foreign investment inflows cheer Kambwili


THE increasing number of investors in the country shows that the international community is confident of Zambia’s economic prosperity, Chief Government Spokesperson Chishimba Kambwili has said.

Mr. Kambwili noted that there had been overwhelming response from foreign investors who had expressed interest in investing in the country, especially in the mining sector.

He told the Daily Nation in an interview that Government would always create an enabling environment for investors.

“Under the PF government, a lot of investors had shown interest in investing in the mining sector as well as other sectors. We are working tirelessly to ensure that we maintain our good relationship with the investors as well as attract more investors to invest in the country,” Mr Kambwili said.

He urged the Zambian people not to take seriously politicians who were misleading them by alleging that there was no investor confidence in the country.

“We hear some people saying that there is no investor confidence in Zambia under the PF government, but that is a big lie and such people don’t mean well for the Zambian people,” he said.

Mr. Kambwili described the recent injection of US$323 million meant for the expansion of Mopani Copper Mine as proof of investor confidence in the country’s leadership.

“What was witnessed was splendid, an injection of US$323 million into the expansion of Mopani Copper mine clearly demonstrates that the PF government still commands a lot of investor confidence.

“This has come at a time when the copper price is low, meaning that the investors still have the confidence that the copper price will rebound and the mining industry in Zambia will flourish,” he said.

Mr. Kambwili said it was not easy to gain investor confidence as it required consistence and political stability.

He appealed to Zambians to re-elect PF into Government so that it could complete its aspirations of making Zambia one of the best economies in Africa. “Investor confidence does not come on a silver plate. It comes first with consistence, peace and political stability in that you cannot change Governments after five years.

“If you start changing governments every after five years, it means that there is political instability and the country which is politically like that cannot attract investors,” Mr Kambwili said.

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