Celtel Zambia Managing Direct David Venn challenged Small and Medium Scale Entrepreneurs to invest in the local market to boost the Zambian economy.
Mr. Venn said it is imperative that the Zambian people, corporate bodies and government have one clear vision and focus on one common goal to expanding the growth of the economy.
Mr. Venn noted that strong economies in the world have grown bigger because of the conducive business environment created and supported by good fiscal government and public private partnerships.
He revealed that Celtel only had 70,000 customers when he took over as MD four years ago in 2004 but now the mobile service provider boasts of over two million clientèle in Zambia.
Meanwhile Government has projected to create over 100,000 jobs this year and attract over US$3 billion through local and foreign investment into Zambia.
Commerce, Trade and Industry Minister Felix Mutati says government’s intention is to create more job opportunities for Zambians and strengthen the partnership that exists between government and the private sector.
Mr. Mutati was speaking in Lusaka today during the dialogue luncheon of transformation for jobs.
He said job transformation from amongst entrepreneurs or employment managers is key to economic growth.
Mr. Mutati challenged small and medium scale entrepreneurs in the country to increase capacity on how best to improve the economy of the country.
He said government through the Zambia Development Agency and the Citizens’ Economic Commission has set a good precedent for entrepreneurs to conducting business.
Speaking at the same function, Lusaka Business Consultant and Owner of Lyolds Financial Services Lyold Ching’angu said there is need to unlock the employment graph to achieve wealth creation in the country.
Professor Ching’angu said government should provide a conducive environment for the private sector to easily access capital.
Professor Ching’angu also urged government to create a conducive environment for people in the informal sector to set up their own business.
Yeah Mr Venn u ryt except that only foreigners see the enviroment suitable for entrepreneurship.These yokels in govt r harsh to their own.they want u to produce a party card first.
Its simple thing Hon. Mutati, Let me challenge u, can I register a new company in a day? If no why should I wait for months just to get started.Secondly, Which Govt initiative will fund my idea if banks chase me away? If no, you are waiting pipo’s time, go back to your office and work.
if you travel to bazungu countries you will notice the reason why foreigners find zambia a conducive place to do business, and i would like to challenge the govt to come up with a law where foreign companies so called investers when they come to the country to invest they should buy property or build there own buildings thus we have new infrustracture in the country and more employment to people working on building sites, thats what bazungu do to foreign companies wanting to invest in there countries thats why you see many tall buildings
I’m not an erepxt on international law or odious debt although I’ve certainly heard enough debates on the subject of odious debt to know that it isn’t generally accepted . But I can’t for the life of me see how if it were generally accepted, its applicability could be undermined by vulture funds. Surely quite the opposite: if and when a vulture fund took a sovereign to court, that sovereign would have the opportunity to claim that the debt concerned was odious and the doctrine of odious debt was applicable. Without any court cases from vulture funds, no one will ever be able to apply the doctrine of odious debt in any court. In other words, if you want to apply the doctrine of odious debt in practice, you need vulture funds.