Commerce, Trade and Industry Minister Margaret Mwanakatwe has said that Eleven foreign companies have expressed interest in setting up companies in the Lusaka East Multi-Facility Economic Zone.
Mrs. Mwanakatwe said that so far a pharmaceutical company and a mushroom production firm have already started operating in Zambia.
The Minister was speaking to Zambian Journalists after attending the Zambia-China, Economic, Trade and Tourism Forum in Beijing.
Mrs. Mwanakatwe said the Lusaka East Multi- Economic Zone is a huge vehicle that government will use to drive the economic engine of the country.
She said President Lungu’s visit to China has played a big role in not only attracting but also assuring Chinese investors come into Zambia.
And Government has appointed an energy consultant to explore incentives to give to investors in the energy sector.
Energy Minister Christopher Yaluma said that the consultant is looking at incentives that can be given to investors in the solar energy sector.
The Minister said that the consultant is expected to complete the work by June this year.
Mr. Yaluma said that Government is vigorously looking at ways and means of addressing the power deficit in the country.
He was speaking in Beijing on the side lines of the Zambia- China Economic, Trade and Tourism Forum.
Meanwhile, President Edgar Lungu has said that he is determined to make Zambia a center of excellence in value addition to raw materials in Africa.
Jeff Banda reports that President Lungu said that Zambia exports a lot of raw materials in raw form and he is determined to ensure that the country starts adding value to its raw materials.
The President said that Government is exploring ways in which incentives will be given to investors that add value to raw materials before they are exported.
The President was speaking on the sidelines of the Zambia- China Economic, Trade and Tourism Forum in Beijing.