The results of the 2014 Foreign Private Investment and Investor Perception survey show that Foreign Direct Investment inflows into Zambia grew by 21.3% to US$2.1 billion in 2013.
Speaking during a dissemination workshop in Lusaka today, Bank of Zambia Governor Michael Gondwe says from US$1.7 billion recorded in 2012 driven largely by investments in mining and manufacturing sectors, an analysis of FDI inflows by source country shows that the United Kingdom, Switzerland, China, South Africa, Australia and Singapore were the major source countries accounting for 91.3% collectively with the mining sector attracting 65.5%.
Dr. Gondwe says the findings also suggest that the overall ease of doing business in Zambia was generally very good with a number of investors favorably rating factors such as starting business, employing workers and protecting investors.
The Central Bank Governor notes that issues relating to getting credit, enforcing contracts and registering property continued to be a source of concern to investors and were rated unsatisfactory, adding that these are the issues the country should endeavor to improve in order to facilitate accelerated investor inflows in the country.
Dr Gondwe adds that the reforms that have been undertaken in the last five decades are meant to stimulate economic growth and development to impact positively on poverty reduction.
He further states that the economic reforms so far undertaken have contributed to boosting both local and foreign investor confidence in the economy and thereby attracting external capital inflows.
The survey was aimed at capturing the magnitudes, types, sources and direction of foreign private investment for the year 2013 and the first quarters of 2014 as well as investor perception on the investment climate in Zambia.
it will be even better under HH next year.
You can’t use FDI to convince unpaid farmers.
The Central Bank is independent and just meeting its reporting obligations. Nowehere in the publication does it mention PF or anything. Any voter would be dull to use FDI as a benchmark to cast their votes because by definition, FDI is competition with local business that actually hires Zambian workers.
Why are all these statements coming out fast and furious now? Social media and internet connectivity has woken a lot of people now and cannot be duped any more! Viva UPND! Viva HH
Quoting
‘Dr. Gondwe says the findings also suggest that the overall ease of doing business in Zambia was generally very good with a number of investors favorably rating factors such as starting business, employing workers and protecting investors.’
Thanks Dr Gondwe, we the people are waiting to FEEL the benefits. It’s not surprising investors report as such, they don’t seem to need to pay Workers fair wages. And they can certainly report on Investors being SO protected as to NOT pay fair Taxes for the benefit of citizens.
It’s all a ‘Love in,’ between the gov’t and Investors, with citizens locked out.
These economic indicators and statics are meaningless unless correlated to desirable social-economic outcomes like reduction in unemployment (especially demand-deficit unemployment) and consequent reduction in abject poverty. As it is they are mere figures.
If I remember correctly, it increased at 100% in FTJ’s first year in office. Please vote wisely. When a government constructs a road for you, it is their job to do so. The question you have to ask is, is my household better off than it were three years ago?
@Lord Vorde…..Good point your lordship! most households are worse off than they were 3yrs ago. The Cost of Living has shot through the roof and unemployment increased = destitution. Thanks again Your Lordship
If this cannot be reflected in the day to day lives of the ordinary Zambian then you are failing in your duties and cannot manage the economy.
We need HH who can help translate this to your average Joe.
VIVA HH 2015
More bitter pills for the hordes of HH and UPND..where MMD has failed PF has succeeded, where UPND can only dream of and tell lies the mighty sailing boat PF has fought hard and achieved..
There is no stopping PF…Pabwatoooooo all the way….
Vote Edgar Lungu for unity in Zambia, vote Edgar Lungu for more development, vote Edgar Lungu for peace and prosperity in Zambia!!!!
****VIVA EDGAR LUNGU 2015****
MMD left the price of mealie meal at K45 per bag. Now it is in excess of K70 in some areas. PF have failed!
As usual always feeding us on very good statistics. We are not hearing you sir, we are hungry.
We know Zambia will soon be a good place for us. They want to pretend as if things are bad when they are promising. Thaku PF
This type of Hatred will not take you anywhere, the Governor is giving results of a survey and all you say is negative!!!
You will not go anywhere, Viva PF Long live Edgar!!
Kamweni:
If you are hungry go and work hard, so that with the works of your hands you can get income and buy food hunger will not go if you continue your action. Viva PF
Good report Work on and continue strengthening the completion environment and work on the ownership structure of these FDIs to ensure trades result in retention and avoid the issues of tax avoidance
Its a simple calculation on the FDI recorded for one to see the effect and relate to the ground
Work on ownership structure and ensure corporate treasury units find hold in Zambia for long-time affecting your capital and current accounts to insulate the FDI
It was a good questionnaire breaking down the national accounts accordingly
China fiscal revenue growth picks up in Nov.
English.news.cn 2014-12-11 11:05:35
BEIJING, Dec. 11 (Xinhua) — China’s fiscal revenue rose 9.1 percent year on year in November to 995 billion yuan (163 billion U.S. dollars), slowing from October’s 9.4 percent rise, the Ministry of Finance said on Thursday.
Central government revenue reached 480 billion yuan, up 12.1 percent year on year, while local government revenue stood at 515 billion yuan, up 6.4 percent from the same period last year, slowing from the 7.6-percent growth recorded in October.
The ministry attributed the growth of central…
Central government revenue reached 480 billion yuan, up 12.1 percent year on year, while local government revenue stood at 515 billion yuan, up 6.4 percent from the same period last year, slowing from the 7.6-percent growth recorded in October.
The ministry attributed the growth of central government revenue to a rise in revenue collected from financial institutions, while the under-performing property market led to the weak growth in local government revenue.
In the first eleven months, national fiscal revenue rose 8.3 percent to nearly 13 trillion yuan, according to the ministry.
During this period, central government fiscal revenue expanded 7 percent year on year, while local government revenue increased 9.5 percent.
The ministry also said that national fiscal expenditure rose 0.8 p
“‘monthly reporting with good system will help to track and see the outlook”‘
Since FDI is the game of numbers and Zambia 91.3% exposed to China or Britain in cash flows and vise versa
A gain in China as above or other should have similar savings to Zambia in those FDIs otherwise its not FDIs but the other term commonly used ……
BEIJING, Dec. 11 (Xinhua) — China will accelerate reform in nine areas next year including the capital market and market access for private banks, according to the Central Economic Work Conference concluded on Thursday.
Reform will be speeded up in administrative approval, investment, pricing, monopolies, franchising, government purchased services, and outbound investment. This takes into consideration both the need for the next year and the long-term interests, according to a…