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.