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.
TEXT SIZE - +
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

Analysts Warn of Regional Proxy Conflict in Afghanistan

Analysts warn if Kabul’s neighbors do not start to cooperate, competing desires for influence could deteriorate into a bloody proxy war in the country More

Saudi Intelligence Chief Replaced

Bandar bin Sultan came under criticism for supporting al Qaida, prompting King Abdallah to wrest Syria operations away from him in February, handing them to Interior Minister Prince Mohammed bin Nayef More

Poetry Magazine editor Don Share talks what makes a good poem with VOA's David Byrd

What makes a good poem? And is poetry as viable an art form as it once was? To find out, VOA's David Byrd spoke to Don Share, the editor of Poetry Magazine. 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.
Google Buys Drone Companyi
|| 0:00:00
...
 
🔇
X
George Putic
April 15, 2014
In its latest purchase of high-tech companies, Google has acquired a manufacturer of solar-powered drones that can stay in the air almost indefinitely, relaying broadband Internet connection to remote areas. It is seen as yet another step in the U.S. based Web giant’s bid to bring Internet to the whole world. VOA’s George Putic reports.
Video

Video Google Buys Drone Company

In its latest purchase of high-tech companies, Google has acquired a manufacturer of solar-powered drones that can stay in the air almost indefinitely, relaying broadband Internet connection to remote areas. It is seen as yet another step in the U.S. based Web giant’s bid to bring Internet to the whole world. VOA’s George Putic reports.
Video

Video Ray Bonneville Sings the Blues and More on New CD

Singer/songwriter Ray Bonneville has released a new CD called “Easy Gone” with music that reflects his musical and personal journey from French-speaking Canada to his current home in Austin,Texas. The eclectic artist’s fan base extends from Texas to various parts of North America and Europe. VOA’s Greg Flakus reports from Austin.
Video

Video Millions Labor in Pakistan's Informal Economy

The World Bank says that in Pakistan, roughly 70 percent work in the so-called informal sector, a part of the economy that is unregulated and untaxed. VOA's Sharon Behn reports from Islamabad on how the informal sector impact's the Pakistani economy.
Video

Video Passover Celebrates Liberation from Bondage

Jewish people around the world are celebrating Passover, a commemoration of their liberation from slavery in Egypt more than 3,300 years ago. According to scripture, God helped the Jews, led by Moses, escape bondage in Egypt and cross the Red Sea into the desert. Zlatica Hoke reports that the story of the Jewish Exodus resonates with other people trying to escape slave-like conditions.
Video

Video Police Pursue Hate Crime Charges Against Kansas Shooting Suspect

Prosecutors are sifting through the evidence in the wake of Sunday’s shootings in a suburb of Kansas City, Missouri that left three people dead. A suspect in the shootings taken into custody is a white supremacist. As VOA’s Kane Farabaugh reports, he was well-known to law enforcement agencies and human rights groups alike.
Video

Video In Eastern Ukraine, Pro-unity Activists Emerge from Shadows

Amid the pro-Russian uprisings in eastern Ukraine, there is a large body of activists who support Ukrainian unity and reject Russian intervention. Their activities have remained largely underground, but they are preparing to take on their pro-Moscow opponents, as Henry Ridgwell reports from the eastern city of Donetsk.
Video

Video Basket Maker’s Skills Have World Reach

A prestigious craft show in the U.S. capital offers one-of-a-kind creations by more than 120 artists working in a variety of media. As VOA’s Julie Taboh reports from Washington, one artist lucky enough to be selected says sharing her skills with women overseas is just as significant.
Video

Video UN Report Urges Speedier Action to Avoid Climate Disaster

A new United Nations report says the world must switch from fossil fuels to cleaner energy sources to control the effects of climate change. The Intergovernmental Panel on Climate Change released the report (Sunday) following a meeting of scientists and government representatives in Berlin. The comprehensive review follows two recent IPCC reports that detail the certainty of climate change, its impacts and in this most recent report what to do about it. VOA’s Rosanne Skirble has the details.
AppleAndroid