News / Africa

Zambia Government Seeks Foreign Investors

Robert Sichinga, Zambia's Minister of Commerce, Trade and Industry at the Africa Business Investment Forum in New York.Robert Sichinga, Zambia's Minister of Commerce, Trade and Industry at the Africa Business Investment Forum in New York.
x
Robert Sichinga, Zambia's Minister of Commerce, Trade and Industry at the Africa Business Investment Forum in New York.
Robert Sichinga, Zambia's Minister of Commerce, Trade and Industry at the Africa Business Investment Forum in New York.
Peter Clottey
Zambia’s Commerce, Trade and Industry minister says the government has stepped up efforts to attract international investors to the country.

Robert Sichinga said President Michael Sata’s government is implementing policies to create, encourage and protect a better environment for business investment.

Sichinga recently visited the United States to meet business leaders as part of his country’s efforts to attract new investment to the Southern African country.

“The main thrust of our visit here has been to bring to the attention of the business community here in the United States that there are tremendous business opportunities out in Africa,” Sichinga said during the U.S. visit.

“We haven’t come for aid. We’ve come to ask for business,” he said.

Sichinga said the government recently launched a series of promotional tours in the United States, including stops in Washington, Cincinnati, Los Angeles and Houston as part of their efforts to attract investors.

“We are establishing industrial clusters where we expect that small scale business people would be able to come and make investments,” he said. “Then there are also multi-facility economic zones, which are bigger places, where infrastructure is provided for the investors to come and invest,” he said.

In the past, investors have complained about the difficulty of dealing with the government bureaucracy in Zambia. But, Sichinga said the government is working to resolve those concerns.

“The reason why we have established the Zambia Development Agency, which is an investment arm of government and is operating as a semi-autonomous institution, is to do just that,” Sichinga said. “It’s to cut through the red tape; it’s to make sure that they coordinate between the private sector investor and the government.”

Opposition groups have accused the government of using the investment promotion as a pretext to award contracts to political allies – charges Sichinga rejects.

“As we talk to investors, we can’t choose anybody,” said Sichinga. “We advertise publicly and our missions here invite potential investors. So I have no way of knowing in advance who would be invited to meetings and we would certainly not be able to dictate what kinds of investors come. And that kind of investor would not be interested in which government is in place within our own country,” he said.

He also said that his government is ready to work with American businesses to take advantage of the country’s business opportunities.
Clottey intv with Robert Sichinga, Minister of Commerce, Trade and Industry
Clottey intv with Robert Sichinga, Minister of Commerce, Trade and Industry i
|| 0:00:00
...    
🔇
X

You May Like

India PM Modi's Party Distances Itself From Religious Conversions

BJP under fire for being slow to rein in hardline affiliate groups allegedly trying to promote Hindu-dominant agenda by luring Muslims and Christians to convert More

Anti-Whaling Group Found in Contempt of Court

Radical environmentalists who threw acid and smoke bombs at Japanese whalers in the waters off Antarctica continue their campaign to disrupt Japan's annual whale hunt More

UN's Ban Urges End to Discrimination Against Ebola Workers

Ban was speaking in Guinea on the second day of a whistle-stop tour aimed at thanking healthcare workers of the countries at the heart of the epidemic More

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
US Decision on Cuba Underscores Divisions Among Miami Cubansi
X
Sharon Behn
December 19, 2014 9:34 PM
For decades, older, more conservative Cubans have been gathering at Café Versailles on the corner of Calle Ocho to eat Cuban food and talk politics. After hearing of President Barack Obama’s decision, a number of them gathered in front of the café with posters to protest. VOA's Sharon Behn reports on the situation.
Video

Video US Decision on Cuba Underscores Divisions Among Miami Cubans

For decades, older, more conservative Cubans have been gathering at Café Versailles on the corner of Calle Ocho to eat Cuban food and talk politics. After hearing of President Barack Obama’s decision, a number of them gathered in front of the café with posters to protest. VOA's Sharon Behn reports on the situation.
Video

Video Three Cities Bid for Future Obama Presidential Library

President Barack Obama still has two years left in his term in office, but the effort to establish his post-presidential library is already underway. The bid for the Obama Presidential Library is down to four locations in three states -- New York, Hawaii, and Illinois. As VOA’s Kane Farabaugh reports, each of them played an important part in the president’s life before he reached the White House.
Video

Video Cuba Deal is Major Victory for Pope’s Diplomatic Initiatives

Pope Francis played a key role in brokering the US-Cuba deal that was made public earlier this week. It is the most stunning success so far in a series of peacemaking efforts by the pontiff. VOA religion reporter Jerome Socolovsky has more.
Video

Video Fears of More Political Gridlock in 2015

2014 proved to be a difficult year politically for President Barack Obama and a very good year for the U.S. Republican Party. Republican gains in the November midterm elections gave them control of the Senate and House of Representatives for the next two years -- setting the stage for more confrontation and gridlock in the final two years of the Obama presidency. VOA National Correspondent Jim Malone has a preview from Washington.
Video

Video Sudan School Becomes Target of Aerial Attacks

The school dropout rate is at an all-time high in Sudan's South Kordofan state because many schools have been destroyed during the three-year civil war between the government and SPLA-N rebel forces. Adam Bailes visited Sudan's Nuba Mountains' region and reports many children are simply too scared to go to school
Video

Video VOA Reporter Tours Devastated Peshawar School

Islamist militants wearing military uniforms and strapped with explosives attacked a military run school Tuesday in the northwestern Pakistani city of Peshawar. At least 141 people were killed in the horrific attack, most of them young students. VOA reporter Ayaz Gul visited the devastated school and attended the funeral of the principal who courageously tried to save her students from the deadly attack.
Video

Video Nigerians Fleeing Boko Haram Languish in Camp Near Capital

In its five-year effort to impose Islamic law in northeastern Nigeria, the Boko Haram extremist group has killed thousands of people and forced hundreds of thousands to flee. Some of those who ran for their lives now live in squalor on the edges of the capital, Abuja. Chris Stein reports for VOA.
Video

Video Aceh Rebuilt Decade After Tsunami, But Scars Remain

On December 26, 2004 there was an earthquake in the Indian Ocean so powerful it caused the Earth’s axis to wobble a few centimeters. Onshore on the island of Sumatra, the resulting tsunami was devastating. A decade later, VOA Correspondent Steve Herman reports from Banda Aceh, Indonesia, where although there is little remaining evidence of the physical devastation, the psychological scars among survivors remain.

All About America

AppleAndroid