President Mwanawasa has urged the G8 most industrialised countries to come up with legal measures that will make it difficult for corrupt leaders from the third world to hide their stolen money in developed countries.
Mr Mwanawasa has also called on the G8 countries to simplify the process of
recovering such monies by the aggrieved governments.
In his address to the ‘Africa Business Forum 2007’ in London today, President
Mwanawasa said developing countries cannot afford a situation where the much needed
aid from developed countriesÂ goes back there in the personal accounts of corrupt
‘We cannot be receiving aid and the same aid goes back through corruption, so we
hope you can help us repatriate this money”, he said.
Mr. Mwanawasa pointed out that theÂ money is needed to deliver quality education,
health, clean water and many other services to improve the living standards of the
President Mwanawasa also said the active participation of the private sector is
central to the economic emancipation of Zambia and the rest of the countries on the
He pointed out that the need for aid diminishes and eventually becomes irrelevant if
the private sector becomes strong.
It is in this regard that his administration is endeavouring to create a friendly
investment climate through the implementation of the private sector development
programme (PSD) in a bid to remove various obstacles to doing business.
Mr. Mwanawasa explained that the PSD programme covers areas such as software
improvement and the creation ofÂ a regulatory framework to facilitate private sector
participation in infrastructure development through public-private partnerships
The frameworkÂ would also cut down on the time required to register a company,
customs and other formalities.
President Mwanawasa added that the move would also rationalise licence requirements
and generally change laws and regulations that choke private sector initiatives.
He said in many cases, the envisaged improvements would be established through the
application of Information Technology, ICT, backed by client charters which define
the minimum acceptable standards of delivery of public services in support of the
Mr. Mwanawasa said in addition, government was also creating conducive business
environments through targetedÂ infrastructure development in specially designated
areasÂ dubbed Multi Facility Economic Zones.
He pointed out that companies operating in the special economic zones will not only
benefit from world class physical environment but will also benefit from excellent
tax incentives and a world class regulatory environment.
President Mwanawasa invited the business community to explore the abundant
investment opportunities that Zambia offers throughÂ facilities.
He pointed out that as a result of the good business environment, Zambia has
attracted significant investment in the past few years that has seen huge investment
in mining, agriculture and other sectors.
Mr. Mwanawasa however pointed out that business cannot thrive in the midst of
He said it is in this light that his administration has taken practical steps by
prosecuting people who are suspected to have participated in corruption and theft of
Mr. Mwanawasa said punishment of corrupt personsÂ is only one tool in the fight
against corruption adding that another important part of the arsenal should deal
with removing the incentives for corrupt activities to thrive.
” I say so because quite often, it is unreasonable rules and work procedures in the
public service that create fertile groundÂ for corruption as business people try to
find ways and means of cutting corners to get things done quickly”, he said.
Mr. Mwanawasa who thanked the G8 countries, particularly Britain , for the debt
relief so far received has since urged the grouping to meet the commitments made
during the 2005 G8 summit.
President Mwanawasa also held private talks with his Ugandan counterpart Yoweri
Addressing the same gathering, Ugandan president Yoweri Museveni stressed the need
for aid in order to promote trade between Africa and developed countries.
Mr. Museveni said energy, particularly electricity and cheap transportation, such as
railway, are key to Africa’s efforts to fight poverty and better the continent’s
He also urged western countries to encourage their companies to invest in Africa.
Speaking earlier, Commonwealth Business Council, Director General and Chief
Executive Officer Dr. Mohan Kaul said small and medium enterprisesÂ (SMEs)Â are the
cornerstoneÂ of economic development hence the need to channel more resources to
And Parliamentary Under-Secretary of State and minister for AfricaÂ Lord Triesman
said G8 countries should help Africa in a way that the continent is able to help
itself in the long-run.
He said donor dependence should be curtailed by supporting economic activities on
the African continent.
The Zambian delegation at the Forum includes foreign affairs minister Mundia
Sikatana, commerce, trade and industry ministerÂ Felix Mutati, agriculture and
cooperatives minister Ben Kapita and Zambia development agency executive director
TheÂ high profile Forum under the theme “Partnerships for Jobs, Growth and
Sustainable Development”, which comes on the eve of the G8 summit inÂ Germany, is
an ongoing initiative to help business peopleÂ explore trade and investment
opportunities in Africa through high levelÂ conferences.