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Sunday, May 22, 2022

Guy Scott lures Australian Investors

Economy Guy Scott lures Australian Investors

Republican Vice President Guy Scott

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.

ZANIS

24 COMMENTS

  1. Thank you, we need investors to be warmed even before they decide to come that MMD is gone and we have a caring government that does not allow slave wages and abuse of Zambian workers.

  2. @ Monk Square Analysis I totally agree with your comment.  We want investors that respect the environment and the people in it.

    • All visa applications are processed at Pretoria.
      Any diplomatic help has to come from Zimbabwe.

      Why do you think it’s so hard for Aussies and Zambians to work together?

      Open diplomatic relations now.
      There are lots of Aussies wanting to come and invest.

  3. TAX PAYERS MONEY BEING SPENT IN AUSTRALIA!
    LARGE DELEGATION OF PF (CADRES AND LEADERS ALIKE) ARRIVED A WEEK BEFORE MEETING AND IS STILL THERE DAYS AFTER

  4. @The truth. What reason did David Cameron give for not attending (please don’t say “the queen attended” because she has nothing to do with governing).
    @BuenaVidaRica. The fact that the Australian High Commissioner to Zambia is based in Zimbabwe does not mean that he is not High Commissioner to Zambia too.

  5. So why cant you just open another embassy in Australia so that me and my family continue in these nice diplomatic jobs although my family is not so popular kwa haye?

  6. Surprising how could the Australian High Commissioner to Zambia be based in Zimbabwe then whats his purpose? Uuuuum doesn’t make sense at all…

  7. The statement by the Veep to would be investors to warn them may sound good at first sight. However what we need is to put in good laws that will protect both the investor and the local people. Currently you may warn investors like what the Presido did to the chines but it amounted to nothing especially on the issue of minimum wage. The chinese responded and said the law says this and we are paying twice what it says (when we know that the twice is actually not enough for an average Zambian). So bwana Veep it is not about warning but putting up good laws and esure they are followed period. Unfortunately there is too much rhetoric!

  8. I hope ba Shamenda Shelved his beard?? Embarrassing us with untidiness. LT please post his picture, we want to inspect him.

  9. The title is misleading. I opened the page so quickly wanting to see alot of agreements/commitments between Aussie’s business community and the envoy, but all these are just empty statements without comment from bussiness houses he addressed. zambian journalism!!!!!!!!!!!!!!!!!!!!!!!!

  10. ‘and an unlimited repatriation of proceeds from companies.’ you should be ashamed of yourself mr. sichinga.

  11. He should go and talk to BHP Biliton too. They are one of the biggest mining houses and their partnership could be mutually beneficial.

  12. By the way, for all who do not know, The Zambian High Commissioner to Australia is based in Tokyo, Japan. He is also High Commissioner to New Zealand, and Singapore in addition to being ambassador to Japan (where we have an embassy), Indonesia, Brunei and the Philipines. Multiple assignments are not uncommon.

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  14. #2 HAS SATA GOT TO BE AT EVERY MEETING ABROAD? YOU ABSOLUTELY, LIVING IN THE PAST. GET OVER YOUR RB GOVT HANGOVER. THIS IS PF GOVT. REAL PROBLEMS ARE IN ZAMBIA AND NOT ON THE PLANE OR OVERSEAS. DELIGATING IS A BEST WAY OF HUMAN RESOURCE DEVELOPMENT. MOREOVER, IT IS COST-EFFECTIVE TO DELIGATE WHERE IT WOULD BE COSTLY FOR SATA TO GO. PA ZAMBIA YALIBA EXPENSIVE COMMON SENSE, BUSHE?

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