President Rupiah Banda is in South Africa at the invitation of Thomson Reuters Foundation to speak at its first ever Africa Investment Summit.
The President who left aboard the Presidential Challenger Monday afternoon is accompanied by First Lady Thandiwe Banda.
He was seen off by Vice President George Kunda, Defence Chiefs and some Cabinet Ministers.
President Banda has been invited by the foundation, which is a leading global news and information company, to speak at its first ever Africa Investment Summit to be held in South Africa.
The President is expected to join top politicians, Executives and investors to explore the opportunities and challenges facing investors in Africa.
The inaugural Africa Investment summit will be held from the 7th to 10th of March 2011.
Reuters Bureau Chief for Southern Africa, Marius Bosch said foreign investors and many Reuters clients are increasingly interested in Zambia and its investments prospects.
Special Assistant to the President for Press and Public Relations Dickson Jere said in a statement released to ZNBC ahead of the President’s departure that delivering economic prosperity to all Zambians has been at the heart of President Banda ‘s policies.
Mr. Jere said the President and his government have worked successfully to build strong foundations for tomorrows’ Zambia.
Great achievements have been made in improving economic stability.
[ZNBC]
it would have been nicer if he had used a commercial flight, cheaper by far
Go and don’t even come back you fool!
RB go and market out soil. Zambia has done very well to get a B+. More needs to be done
(These ratings are on the same level as those from S&P and Moody’s)
For example
A+ is better than A or A-
B+ is better than B or B-
FITCH – SOVEREIGN CREDIT RATINGS
INVESTMENT GRADE
AAA Highest quality, reliable, stable
AA High quality
A Strong payment capacity A
BBB Adequate payment capacity
SPECULATIVE GRADE
BB Likely to fulfill obligations, ongoing uncertainty
B Financial situation varies considerably
CCC Vulnerable, dependent on favorable economic conditions to meet payments
CC Highly vulnerable, speculative
C Close to default, may be in arrears
D Defaulted on obligations
What is he going to speak about? his farm in Chipata and how to earn air miles? What a disgrace – always on a trip. MMD’s new moto is “always on a trip”
Great news and travel safe Mr. President. Make this nation proud.
Just go there and give your speech & return the same day, no need for the entourage to be there for three days. This should be a half- day visit at the most, its time africans exercised frugility with the nations resourses.
And what would my president Sata as a marxist deliver at such summits if not insults and xenophobia against investors in quest for his fake nationalist? Father Bwalya where are you not to save our failed Pact MMD has successfully sabotaged?
Nomba not kuya mushipula mambala inga wakuta whiskey!!! Tikuzibani Nyama soya:
Vasco da Banda the Explorer had missed his useless foreign trips.This nyamasoya chap is a missed call. God what did we do wrong to have this MONSTER for a leader? People are suffering,he wants to build a one billion kwacha house for a thief(chiluba) who has a lot of stolen money,yet we have people who are really in need. Lesa fye umwine.
natural leaders appreciated both within and outside Zambia well done RB .put zambia on the map for the right reasons not insults and investor scaring ,we are indeed matching towards a prosperous Zambia.God bless you and the entourage,Amen.
JERE please don’t say, “the President and his government have worked successfully to build strong foundations for tomorrows’ Zambia.”
For WHO?
For you in fact alone who is benefiting from allowances and for relatives who have been appointed in the foreign, civil service and for foreign investors who are not paying enough tax especially the mines.
While the poor surfers silently in their homes and streets.
Presidential Challenger?? Why didn’t he just take a bus.
Phew! After a loss in Mporokoso niyendeko kumwa manzi mwe! Can I not influence SA to make ballot papers for the forthcoming elections…. maybe pre marked ones. Uyu Sata anibvuta nakutulo konse!!! awe mwandi
“Abo abeleya ye ni ba Rb oh” Damn i like this song.
This is good that our president gets invited to such higher level forums, i’m sure he learn a lot and advance Zambia’s interest. However Ba Jere, you put it like RB is articulating his own policies and not MMD’s and Zambians in general. it’s suppose to be the other way round. People gave RB the mandate
Event Profile
The Africa Investment Summit 2011 is a trade conference and exhibition dealing in the field of the opportunities available in the African markets, in Johannesburg. The conference will deal specially in four themes such as in exchange traded funds, alternative investment, commodity investment & real estate investment. It has been organized in such a way to provide the necessary economic performance and meet directly with the investors along with the commodities and real estate areas with a matured market. The exhibition will also provide an excellent networking possibility among its attendees and professionals attending the conference and exhibition from all over the continent. The Africa Investment Summit 2011 is the perfect place to meet with key players in the…
We can be represented by a Minister. Mutati the sharp minister. Or maybe he will also reach Cape town to see his doctors for his knee.
how i wish he could stay their and never come back!
Kaunda was building a foundation, Chiluba foundation, levy foundation, now Rupiah foundation. We now need someone to finish the structure. No more foundation.
#19 how do you build a structure if the foundation does not exist. i dont know what KK left behind besides a bankrupt economy. for the first time zambia is doing so many right things. these are the things we should have done at independence
I wonder why the president seems to avoid visiting the UK, I would be happy to meet him here in London and put across a few questions to him. Zambia can never do without Britain, please Mr president come to London before you are shown the exit at the elections in a few months time.