Government has said there was need for more business people and individuals to participate in the country’s economy by investing in various sectors of development.

Finance and Economic Planning Minister, Ng’andu Magande, said there should be an increased participation in the country’s economy to enable it to expand more.

Mr. Magande said this at a meeting organized by the Zambia Association of Manufacturers (ZMA) in Lusaka today.

He said diversification of various sectors in the economy could also enhance investment as the country continues to enjoy economic growth.

And Mr. Magande has called on manufacturers to ensure that the reduction in fuel prices, which was recently announced, trickled down to the consumers.

Mr. Magande also urged consumers to ensure that they demanded for better prices from traders in order for them to benefit from the reduction of prices.

He noted that lack of active participation in ensuring that prices were reduced by stakeholders such as manufacturers and consumers were some of the challenges government was facing in managing the economy of the country.

Mr. Magande said government has also continued to face other challenges such as the unsteady fuel prices on the global market.

And speaking earlier, Zambia Association of Manufacturers (ZMA) president, Dave Baba, said members of the association have also been challenged with rising production costs as a result of rising fuel prices and load shedding by Zesco.

Mr. Baba said the association was however ready to partner with government and other investors in other sectors to enhance production of goods in order to prevent loss of revenue.

He said partnering with other stakeholders could also result in cushioning the challenges faced by the members of association, adding that it could also increase the country’s revenue.

ZANIS/CM/KSH/ENDS

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18 COMMENTS

  1. First collect the bucks from Zambian Airways and give us a chance to use it development our business ideas sincerely for the country

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  2. MAHADMAGHANDI, IF YOU CAN NOT LISTERN TO THE PEOPLE WHO PUT YOU IN OFFICE HOW ABOT THEM WHO HAVE THE GOLD. WHO WILL HEAR US IF WE PROTEST EN STOP PRODUCING, WE WILL SUFFER BUT YOU EN YOUR FAMILIES WILL BUY FRO NEIGHBOURING COUNTRIES. WE VOTED FOR YOU TO TALK BUT YOU WENT TO CHINA TO BRING CONTAMINATED MILK IN THE NAME OF INVESTIMENT SHAME!! MAGANDE MILK, MILK MILK OF ALL THINGS IMPORTED FROM CHINA. JESUS FORGIVE ME FOR NOT HELPING ZAMBIA PRODUCE ENOUGH MILK.

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  3. MAHADMAGHANDI IF TODAY I WANTED TO INVEST IN ZAMBIA YOU WILL FOLLOW ALL THE EGULATIONS UNTILL YOU CUT ME OFF, BUT IF A CHINESE LOOK AT YOU HE WILL HAVE PERMITION TO COME TO ZAMBIA. EVEN IF CHINA IS DOING FINE ECONOMICALLY ITS NOT THE SOLUTION. WATEVA THEY GIVE OR INVEST IN ZAMBIA THEY AS WELL MILK AS, DID YOU STUDY ECONOMICS OR DISECONOMICS?

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  4. MAHAMAGHANDI WHERE IS THE YOUTH EMPOWERMENT FUD (BILLIONS KWACHA) IN MBALA ONLY THE MMD WERE CHOSEN EN PROMISED TO BENEFIT, ASK ME HOW MUCH THEY GOT PROMISES. EN YOU ARE BUSY SAYING PONONO PARTICIPATE, WITH HUMGER BEGGING FROM THEM. THOSE THAT CAN LEAD IN PARTICIPATION WILL HAVE THEIR STOMACH FULL EN WAT WILL YOU EXPECT?

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  5. HH waboola, HH has come, HH abwela, HH aataha….
    Fellow Citizens, I am now signing off. We continue our door-to-door campaigns for HH regardless of what is happening around.
    Nkuyumayuma taata, nkuyumatyuma. Nkuyumayuma baama, nkuyumayuma.
    HH yomwe (HH is the one).
    CHOICE YABOOLA (CHOICE has come).
    May the good Lord God bless you all as you blog.
    “Try as much as possible not to do evil.” – unknown.

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  6. Cheap, inferior, and contaminated Chinese product importers must be punished period. I think we need that grade 7 no sub 6 in the tub to rule for a while.

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  7. first and formost. the current siatuiation in zambia is such that it cripples the locals financially while enabling foreigners all in the name of investment. what are we supposed to use to participate in the economy when most of our money is taken away by tis rediculous tax regime we have? it seems the ones with the little are constantly being asked to sacrifice while the ones with much are always wanting more. just look at the ridiculous salary increments ministers were suggesting for themselves when they already live luxurious lives. magande this statement to me is like an insult. it hurts me when every month i have to share my money in the middle with the government form you to misuse

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  8. MAGANDE (BIG FROG) Baku chenjesa naiwe manje, unabba mavoti ya ku chilanga, you though you were clever!!! Wo…………………………………………. you are so miserable in MMD now!!! U cita kuwoneka pa meso on the TV that you are so worried.

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  9. I tell you, some of these people in small businesses don’t even pay tax. I would like to see the tax base broadened and more formal employment created. Government should also work at vigorously encouraging/ empowering the SME’s.

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  10. Magande you are too stingy. I was happy when you lost the presidential race. How do you expect me to rent a house of 280,000.00?

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  11. Welcome to the contest of the strong RBB.
    Minister Magande ng’andu, I humbly ask you to resign fromthis RB led MMD GRZ as late LP Mwanawasa resigned from the CORRUPT Chiluba GRZ of 1994.
    Nkuyuma yuma taata, nkuyuma yuma. Nkuyuma yuma baama, nkuyuma yuma. May you all have a great day and have a happy Sabbath.

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  12. It is interesting to see a neoliberal have a change of heart. After chasing down foreign corporations worldwide and getting them all kinds of advantages Zambian businesses can only dream of, it is time for a government that puts Zambian citizens and small businesses front and center in their policies.

    Check out: Demand Side Economics.

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  13. LT. THERE WAS SOME TOURISM ACTIVITIES GOING ON IN SAMFYA AND THE REST OF LUAPULA PROVINCE WHERE MORE THAN 150 TOURIST WENT AT A GO. PLEASE, REPORT ON THAT PROGRESSIVE ISSUE AND SHOW US SOME IMAGES OF SAMFYA BEACHES THE NEGLECTED PLACE IS ONE OF THE FEW WONDERFUL PLACES ON EARTH. GUYS GOOGLE “SAMFYA BEACHES” AND SEE WHAT THESE ZAMBIAN GOVTs HAVE NOT BOTHERED TO REALLY DEVELOP. I GO TO BEACHES HERE (OVERSEAS), NO BEACH HERE CAN MATCH OR COME NEAR TO SAMFYA BEACHES.

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