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

Philippines, Muslim Rebels Try to Salvage Peace Pact

Peace process faces major setback after botched military operation to find terrorists results in bloody gunbattle between government forces, Moro Islamic Liberation Front fighters More

Republicans Expect Long, Expensive Presidential Battle

Political strategist says eventual winner will be one who can put together strongest coalition of various conservative groups that make up Republican Party More

Video New Wheelchair Is Easier to Use, Increases Mobility

Engineers have come up with a lever-operated design that makes use of easily accessible bicycle technology 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.
Liberia's Almost Last Ebola Patient Grateful but Still Grievingi
X
Benno Muchler
March 26, 2015 3:41 PM
Beatrice Yardolo was to make history as Liberia’s last Ebola patient. Liberians recently started counting down 42 days, the period that has to go by without a single new infection until the World Health Organization can declare a country Ebola-free. That countdown stopped on March 20 when there was another new case of Ebola, making Yardolo’s story a reminder that Ebola is far from over. Benno Muchler reports from Monrovia.
Video

Video Liberia's Almost Last Ebola Patient Grateful but Still Grieving

Beatrice Yardolo was to make history as Liberia’s last Ebola patient. Liberians recently started counting down 42 days, the period that has to go by without a single new infection until the World Health Organization can declare a country Ebola-free. That countdown stopped on March 20 when there was another new case of Ebola, making Yardolo’s story a reminder that Ebola is far from over. Benno Muchler reports from Monrovia.
Video

Video Cambodian Land Grabs Threaten Traditional Communities

Indigenous communities in Cambodia's Ratanakiri province say the government’s economic land concession policy is taking away their land and traditional way of life, making many fear that their identity will soon be lost. Local authorities, though, have denied this is the case. VOA's Say Mony went to investigate and filed this report, narrated by Colin Lovett.
Video

Video US, South Korea Conduct Joint Military Exercises

The Eighth U.S. Army Division and the Eighth Republic of Korea Mechanized Infantry Division put on a well orchestrated show of force for the media this week during their joint military training exercises in South Korea. VOA’s Seoul correspondent Brian Padden was there and reports the soldiers were well disciplined both in conducting a complex live fire exercise and in staying on message with the press.
Video

Video Space Program Status Disappoints 'Last Man on the Moon'

One of the films that drew big crowds last week at the annual South by Southwest festival in Austin, Texas, tells the story of the last human being to stand on the moon, U.S. astronaut Eugene Cernan. It has been 42 years since Cernan returned from the moon and he laments that no one else has gone there since. VOA’s Greg Flakus reports.
Video

Video Young Filmmakers Shine Spotlight on Giving Back

A group of student filmmakers from across the United States joined President Barack Obama at the White House this month for the second annual White House Student Film Festival. Fifteen short films were officially selected from more than 1,500 entries by students aged 6 through 18. The filmmakers and their families then joined the president and a group of celebrities for a screening of their films. VOA’s Julie Taboh reports.
Video

Video VOA Exclusive: Interview with Afghan President Ashraf Ghani

Afghan President Ashraf Ghani, during his first visit as president to Washington, gave a one-on-one interview with VOA Afghan Service reporter Said Suleiman Ashna, about his request for a change in U.S. troop levels, the threat from the Islamic State, and repairing relations with the United States and Pakistan. The interview was held at Blair House, late Sunday, in Pashto.
Video

Video California Science Center Tells Story of Dead Sea Scrolls

The ancient manuscripts were uncovered in the mid-20th century, and they are still yielding clues about life and religious beliefs in ancient Israel. As VOA's Mike O'Sullivan reports, an exhibit in Los Angeles shows how modern science is bringing the history of these ancient documents to life.
Video

Video Angelina Jolie Takes Another Bold Step

Hollywood actress and filmmaker Angelina Jolie has revealed she had her ovaries and fallopian tubes removed to lower her odds of getting cancer. Doctors say the huge publicity over her decision will help raise awareness about the importance of cancer screening. VOA’s George Putic has more

All About America

Circumventing Censorship

An Internet Primer for Healthy Web Habits

As surveillance and censoring technologies advance, so, too, do new tools for your computer or mobile device that help protect your privacy and break through Internet censorship.
More