UNITED States of America Ambassador to Zambia Eric Shultz has said that Zambia has great economic potential which young entrepreneurs should tap.
Mr Shultz, in a statement made available to the media in Lusaka yesterday, said one of the most important factors creating this potential is Zambia’s dynamic young entrepreneurs.
“Nine of those young Zambians were invited by the United States to the July 25-26 global entrepreneurship summit in Nairobi hosted by President Obama. They returned to Zambia motivated and energised,” he said
Mr Shultz said entrepreneurs will lead Zambia from reliance on aid to prosperity through business and trade.
“Your entrepreneurs will spark future innovations and solutions, creating jobs, and building businesses,” he said.
Mr Shultz said he has been continually impressed and energised by the young Zambian entrepreneurs he meets.
“President Obama is right – these entrepreneurs hold the key to a brighter, more prosperous future for all Zambians,” he said.
Mr Shultz said for Zambia to attract the capital it needs to grow faster, Government should free the private sector and unleash the creativity of entrepreneurs.
“Less intervention, less regulation, will lead to greater investment and faster growth. The Zambian government, the United States government and other stakeholders may have a role to play in connecting Zambian entrepreneurs with resources,” he said.
Mr Shultz also said it is important for Zambians to harness the energy and enthusiasm of the global entrepreneurship summit which was hosted by President Obama.
He said Zambian participants at the summit succeeded and were among the most impressive.