PRESIDENT Michael Sata has said that Zambia has posted great improvement in Foreign Direct Investments (FDIs) due to increased investor confidence and improved general investment climate.
Mr Sata said in Japan yesterday that the country’s FDI inflows had further been boosted by the improved investor perception, enhanced investment climate and improved trust between the public and private sectors.
The President said during the opening day of the fifth Tokyo International Conference on African Development (TICAD V) that Zambia was conducive for further investments.
“The recent oversubscription of the debut Eurobond on the international capital market is a clear attestation of international investor confidence in our economy,” Mr Sata said.
He said that Japan had continued to be a major player in Zambia’s FDI landscape with several firms investing in the Southern African country.
Speaking during the third session dubbed: ‘Dialogue with the private sector’, Mr Sata said recently, Zambia witnessed the establishment of Hitachi manufacturing plant in Lusaka set to boost development in the mining sector in the country and beyond.
On TICAD, Mr Sata said Zambia was ready to support the implementation of the outcomes of the conference and the lessons learnt from the previous such meetings.
“Going forward is Zambia’s desire, and the TICAD outcome will invigorate and build on gains made under TICAD IV of boosting economic growth, ensuring human security and addressing climate change.” Mr Sata said.
“I wish to reaffirm our Government’s commitment to the implementation of the Yokohama outcome document, namely, the Yokohama Declaration and Yokohama Action Plan 2013-2017.”
He paid tribute to Japanese Prime Minister Shinzo Abbe for inviting Zambia to participate in the conference, saying it was a rare opportunity to take stock of progress made in implementing the resolutions from the previous summit.
“It provides an opportunity to share ideas and address challenges and adopt new strategies in our quest to enhance and deepen cooperation between Africa and Japan,” Mr Sata said.
He said African countries had been registering commendable progress in fostering economic growth and improving general living conditions of the people on the continent.
“These can be partly attributed to the continent’s commitment to undertaking reforms with support from cooperating partners like Japan,” the President said.
On the Public Private Partnership (PPP) dialogue, Mr Sata said the concept was an important ingredient in the creation of strong and enabling business environment.
He said through the PPP dialogue within Africa and with developed economies like Japan, synergies could be created to address the challenges.
“We commended the support that the Japanese Government has continued to give in fostering the private sector in African countries,” Mr Sata said.
Zambia had greatly benefited from public/private sector dialogue through the implementation of the Triangle of Hope initiative with the assistance from Japan.
Through the TICAD process, the Zambian Government has implemented a strategic action initiative for economic development from 2006 to 2012 aimed at creating a platform for Zambia’s economic diversification, among other objectives.
“I am happy to report that through the initiatives, Zambia has established a framework of dealing with the business community that is anchored on political will and integrity, private sector dynamism and integrity and civil service efficiency and integrity as three key drivers towards accelerated economic development,” Mr Sata said.
Ubufi chi mudala chi Sata…. This is sugarcoating the worsening investment climate in Zambia..
Could you say that in English please?
I am sickened to see African’s failure to speak or comprehend a white man’s language (English) and yet they were his clothes!
Thanks
@mushota
Are you 12 years old? Let me speak to your mother. She needs to remove your computer privileges.
Seriously, stop trying to appear smart. The nonsense you write is annoying.
That’s it Mr President, stick to your written speech not those silly, pathetic jokes that you usually throw in. They might have been funny in the opposition when you constantly ridiculed other political players but not in the highest office. People demand seriousness from their president.
The all speech and nature of language sounds Emmanuel Chenda. After Lubinda left PF, only Chenda has remained as a presentable minister.
I respect Sata, not that he is a good president but his quest for success and achievement. This is a man who knows how to open doors for himself. To hell with waiting for opportunity to knock!
What quest for success and achievement – lies, UBUFI? He is just an accomplished liar who never got caught early enough!
Well said my princess.
I am not sure if he is good president, but a thuggish comedian. Thats the only thugg I can eat lunch with, he is open to all kind of people. But I haven’t seen him to be a President, maybe he is a good leader, I don’t know yet.
Can you all now see that this man is simply contemptuous towards his fellow africans?
I mean he did not once deviate from his prepared speech,,,,,,,,, is it because over there in Japan he feels vulnerable? Reminds me of a dog which can be threatened and run away from you but once it reaches it!s yard, suddenly becomes vicious and barks at you.
Lool – I would have thought he is learning and listening to his advisors but then Scott said – “you can’t teach an old dog new tricks”!
That is the Speech he was supposed to read. There’s no guarantee that it was actually read as reported. It is like the opening of parliament and labour day speeches that were plasted all over the media but they both differed in content to the rubbish Sata spilled!
We hav seen that some pipo they naturaly
Hate the presido sata even whn he speaks them it’s finding forts and insuiting him
, we know u and very soon yo tribeman who u
Want to be the president wil b and we wll vote for him. so it is jst time. So pls respeçt
good ,we know that some tribe they natura
ly hate bembas,am lunda f
rm luapula,2
You are just an axe-handle weilder from buseko market. Never been to school, just hired by Sampa to be a useful ***** in your *****ic English
He didn’t talk about hair, Sata’s speech is incomplete he does not attack people with bald heads
Thats my president right there ! What a well crafted speech.
What a relief! Our President took his medication this time around. Or have I spoken too soon? Maybe let’s wait a couple of days for the rest of what was actually said come out. Fingers crossed. I must add though that looking at the picture of Coach Bob giving him tit-bits, it does not inspire confidence in many normal Zambians. So, more fingers crossed.
Throw in toes as well!!!!!!!!!!!!!!
fellow bloggers, whn ar we going to change and comment objectively? vry few comments ar related to the speech and the rest ar insults and hate frm us. lets change and be responsible.
LT or any one else please explain to me why people like to copy my blog names even when they don’t sound sexy, like chicken for example. I always adopt another one once someone copies my name. Its trivial I know but its bothering me. I have changed my name more three or four times due the same reason. I always contribute positively without insulting anyone on this site.
Dear True, at his age our President should know by now that in a democracy clowning begets clowning. Jokes in bad taste beget jokes in bad taste. Contemptuous attitude begets contemptuous attitude. Humane begets humane. Respect begets respect. To expect respect when he demeans others is like planting a pawpaw seed and expecting a mango tree to shoot out. It will ever happen. Period.
I hope some Japanese people are checking online and there intelligence people are recording all that is happening in Zambia lying to people like that he has no shame
Awesome ! Amazing ! Great !
Empower Young Zambians also to be part of the Booming Sweet Economic Pie?? Zambian Development is not seen or felt by ordinary youth.
You will talk, talk and talk. Sata remains unfazed, is unencumbered by criticism, most of it undeserved, is in full steam to develop Zambia, to unprecedented heights.
In 2013? Because for now he is busy confusing himself jumping from one plan to another. He has put aside his campaign promises/plans and is using experiments to guide him
Sata and Mugabe with the same type of tie
Insults hurt the one insulting more than the one insulted. Can any one take an insulting person seriously?
Zambians dont see goodness in themselves but in non zambians but we can see some progress in zambia from the past govt to day you zambians have become so rich most of those had no jobs now they in jobs those who didnt have even a biycle are now driving
‘collection’ to mushota’s trush.Its wear not were.
@jane
Her English is so bad, the sad thing for her is that she doesn’t know it. Not a brainy chick! I usually feel embarrassed for her.
And also copying the way a fellow blog used to end everything by saying thank you. I can’t remember the bloggers name, sometimes he/she would end by saying ‘love’.
Mushota also started the same thing. Styopet girl.
Come home, your house is burning.
HE WAS TALKING TO…………………NOT ADDRESSING.
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