Zambia best for investment-Lungu

ZAMBIA remains the best country for foreign direct investment and the bilateral and multilateral interactions with countries like Sri-Lanka, Ethiopia and Kuwait will translate into more meaningful political and economic cooperation, President Edgar Lungu has said. Speaking when he received credentials from ambassadors and high commissioners from Sri-Lanka, Ethiopia and Kuwait accredited to Zambia, the Head of State said Zambia provided a favourable environment for doing business with numerous investment opportunities in priority areas of agriculture, tourism, manufacturing, energy, mining and water development. President Lungu encouraged the diplomats during their tour of duty to take advantage of the potential and increase their countries’ collaboration with Zambia. Diplomats who presented credentials to President Lungu were Mr Weerawardena Sunil, high commissioner of Sri-Lanka, Mr Mustafe Dek Abdisalam, ambassador of Ethiopia, and Mr Bader Nasser Alhout, ambassador of Kuwait. “It is gratifying to note that at multilateral level, our countries have continued to exchange views on global matters of mutual interest such as climate change, trade, human rights, international peace and security and the reform of the United Nations for the mutual benefit of our countries,” he said. President Lungu said he considered it important and a measure of Zambia’s international interaction to receive their letters of credence as ambassadors and high commissioners to Zambia. The Head of State said his Government appreciated the warm and cordial relations that it enjoyed with Sri Lanka since the establishment of the diplomatic relations in 1966. He said the two countries had cooperated in various fields over the years. “But, there is still room to explore new avenues of South-to-South cooperation in areas such as agriculture, tourism, food processing and textiles. “I have been following the recent development in Sri Lanka and would like to commend the Sri-Lanka government for the strides made in attaining peace in the country, as well as the economic growth which has been recorded in recent years,” he said. On Ethiopia, President Lungu commended its government for the significant and impressive socio-economic progress recorded over the years. “This truly reflects your government’s commitment towards transformational policies aimed at not only fulfilling the aspirations of the people of Ethiopia, but also alleviating poverty,” he said. President Lungu also stressed that Zambia and the State of Kuwait shared common values and both committed to advancing global prosperity, peace, security and stability. He said there was need for the two countries to intensify economic cooperation and increased interactions. “There is tremendous potential and opportunities to reinforce knowledge sharing and experiencing between Zambia and Kuwait in efforts aimed at diversifying our respective economies in order to attain sustainable development,” he told the Kuwaiti envoy.