Government has pledged to provide facilities that would help private investors to set up investments and create jobs in the country.
Minister of Commerce Trade and Industry, Felix Mutati said government has nine companies which are introducing a new dimension to its diversification efforts.
He was speaking in Lusaka today when he met investors from Canada, India, and Malaysia.
Mr. Mutati said government will make a practical process of translating initiatives into investments and agree on a clear roadmap on what should be done at the end of the discussions with the investors.
He said the investment will be able to help Zambia achieve the target of five per cent economic growth this year.
Mr. Mutati said the investors were willing to form a joint partnership with Zambians to set up investment in the country.
“As government, we are providing a facility to assist these investors to put up investment and they will also assist us to create jobs,” he said.
He said government would minimise risk factors in order to provide the investors with potential partners, adding that government would make sure that this programme reaches its logical conclusion.
At the same occasion, Ink-Media chief executive officer, William Plant, a Canadian investor, said it was essential that a computer assembly plant is established in Zambia because the country was centrally located.
Mr. Plant said Ink-Media are trying to help bridge the digital divide by bringing the assembly of computers to Zambia.
He stressed that Ink- Media was creating a plant in Zambia to stimulate the people to develop an interest in using computers.
Mr. Plant added that Ink-Media the computer assembly plant was likely to open in the next six months.
ZANIS/WM/KSH/ENDS
good step
good way to go l-)
I hope the government means business.
I give up trying to be l-).
Lets hope Ink-media will make computers available to ordinary Zambians
Boza ya number cha ?
Ifyaifyo…
Mr Mutati has been telling us of massive investments coming into the country to create jobs and wealth for the country for a long time now.We want to see action and results.Words,words,words,words and endless tours overseas is all Mr Mutati has achieved so far.
Same language, twanaka nama investors bobe.
““As government, we are providing a facility to assist these investors to put up investment and they will also assist us to create jobs,” he said.”
Instead of the above information in the quote only, let the NCC consider including a clause in its draft Constistution, that will probably become our New Repulican Constitution before 2011 tripartite elections, which will indicate that any GRZ will support ‘Small Business Ventures by Zambians in the area of Research and Development’ by giving them 20% of all government projects. This would be a copy of some kind of what is in the US’ Constitution which has helped that country to create jobs.
This would accelerate catching-up with the rest.
Observer you could not be more right than that. Mutati just talks, typical of Nor…..ners.
On “He stressed that Ink- Media was creating a plant in Zambia to stimulate the people to develop an interest in using computers. Mr. Plant added that Ink-Media the computer assembly plant was likely to open in the next six months.”
Let this activity be realised into reality. It is about time Zambia started using computers for Information dissemination to the whole world so that a correct picture of our great Nation can be available for all to see or read for themselves.
On the otherhand, this is an opportunity to introduce the whole africa to Open Source Software, which US Pres. B. Obama now supports, to like “Ubuntu Operating System” by supplying Ink-Media computers prepacked with UBUNTU.
Again again, Mutati talks alot with tangible results. Mr Mutati…please trust zambians to turn thing around. Don’t get used to begging.
The computer assembly plant being opened in this country is good news.
aba nabo ba peti coat gofulunmenti daily kungo kamba kamba buti no sense. Aikona man ine nachoka kucnhito ku pwanya myala but gafulumenti ekungo kamba che ma lubbish. Na lema kudya bondwe na loller meal ine . Nikisi nalema nifuna pabwato abwele
nabo Mutatati nkhani ya ulimi…ilyashi lyabulimi…very boring do it we c osakamba chabe…bwebweta chabe twanaka… :((:((:((:((:((:((:((:((:((:((:((:(( awe ni mavuto[-([-([-([-([-([-([-([-([-([-(
Mutati is the only one with GDP in the pocket…the rest of us just have “the crunch in the pocket”:-w
Job creation a la Rupiah Banda is creating jobs for people like Stephen Bwalya as PS. The man can string a sentence in English!
“Ink-Media chief executive officer, William Plant, a Canadian investor”
Now what is wrong with that sentence. First, Ink-Media is not an investment company. As a result, it’s CEO is not ‘an investor’, unless he is using his personal fortune to invest. Ink Media may want to set up business in Zambia, but that does not make them investors. They do much more than invest.
When foreign companies are setting up a department in Zambia, they are not an investment company. They are simply taking away market share, jobs and profits, from what Zambian companies should be doing.
Not every foreign business is ‘an investor’.
Mrk you are a f**l!! Who do you call an Investor in your world?
Even if someone (foreign or local) puts A Dollar in the Zambian business sector, they would want to be called investors.
May be we should have started by defining what INVESTMENT means?
Your are a perfect example of people refered to as ‘Arm Chair Critics’ Be smart, fair and judgemental plz.
BIG UP TO THE GOV. ON THIS OCCASION.
19. xxxxxxxxxxxxxxxx,
” Mrk you are a f**l!! Who do you call an Investor in your world? ”
Warren Buffett, Peter Lynch, George Soros… basically people who *invest*, not people who own or run companies.
” Even if someone (foreign or local) puts A Dollar in the Zambian business sector, they would want to be called investors. ”
Then every shopkeeper is ‘an investor’.
19. xxxxxxxxxxxxxxxx,
I’m not being facetious. I find it disturbing, the way the government is willing to hand over the country’s resources to foreign businesses (not even simply or strictly investors), robbing the Zambian economy of reinvested profits and tax revenues.
Just getting a foreign company to do something in Zambia seems enough, and on attention is paid to the actual impact on the Zambian economy. There is a minimal multiplier effect in the way ‘FDI’ is being attracted. The talk of joint ventures is good, but it hasn’t been the practice so far.
just shut up mulogoti if you have a job keep it to yourself. :”>:”>:”>
Ok good move