Commerce Minister Margaret Mwanakatwe says Zambia needs to set a target of 12 percent Gross Domestic Product -GDP- growth rate in order to bring about positive change.
Mrs. Mwanakatwe says the country is rich in various resources making the 12 percent GDP growth target attainable.
Mrs. Mwanakatwe was speaking when she launched “Ready to Work” program by Barclays Bank at the Zambia Centre for Accountancy Studies -ZCAS- in Lusaka .
She observed that the current 7 percent GDP target is not adequate to lift the 70 percent population living in poverty
The Minister says she has in the past five months seen unprecedented high levels of foreign investors expressing interest to tap into the Zambian economy a sign of greater things to come despite the current global economic turbulence which has not spared the country.
And Barclays Africa Regional Management Chief Executive Officer Mizinga Melu says Ready to Work is meant to prepare students for the job market after graduating from school.
Meanwhile Barclays Bank Zambia Chief Executive Officer Saviour Chibiya says the challenge of jobs in Zambia is high especially that three quarters of the population is below the age of 30.
And ZCAS Executive Director Alvert Ng’andu welcomed the program noting that the institution is keen to ensure its graduates are ready to be productive either as employees or entrepreneurs.