VICE-PRESIDENT Guy Scott has encouraged Australian business houses to consider investing in Zambia’s various sectors of the economy and help Government create more employment opportunities for Zambians.
Dr Scott said foreign investors are welcome to Zambia but quickly warned them against exploiting local people. He said there is massive investment potential in various sectors in Zambia which foreign investors can exploit.
Dr Scott was speaking in Perth when he met business people drawn from various sectors. He said it is important for investors to clearly understand that the Patriotic Front government will not allow investors who exploit Zambian workers.
And Minister of Commerce Bob Sichinga said Zambia has a stable political, economic and legal system in which foreign business investment can thrive.
Mr Sichinga said the country has a thriving private sector environment, a stable macro-economic situation and an unlimited repatriation of proceeds from companies.
He said Government will work towards improving infrastructure to support these investment opportunities.
Meanwhile, Australian High Commissioner to Zambia Matthew Neuhaus, who is, however, based in Zimbabwe, expressed satisfaction at Zambia’s business environment saying the country has good policies.
The Vice-President, Mr Sichinga, Foreign Affairs Minister Chishimba Kambwili and Labour, Youth and Sports Minister Fackson Shamenda were in Australia to attend the 2011 Commonwealth Heads of Government meeting which has since closed.