ZAMBIA’s Ambassador to South Korea Mumba Kapumpa has urged Korean investors to take advantage of Zambia’s political stability and a favourable investment climate to invest in the country.
Mr Kapumpa cited political stability, a peace loving people and conducive policies as reasons why Koreans amongst others should choose Zambia as an investment destination.
He explained that Zambia was ideal for investment into the region due to its strategic geographic situation, being land-linked to 8 other countries.
Mr Kapumpa said this on Saturday March 5, 2016 when he a guest lecture titled “Africa: Warm, Exciting, Diverse” at the Soongsil University in Korea.
This is according to a press statement released yesterday by the Zambian Embassy in South Korea.
The Ambassador was accompanied by the Counsellor, Faith Mbula-Kangwa, First Secretary Administration, Elias Champemba, First Secretary Tourism, Nthemba Kamanga-Minja and Second Secretary Accounts, Lasford Ngoma.
The team was welcomed by Professor Yongstae Shin, Dean of the Graduate School of Software and approximately 100 postgraduate students from the Policy and Management programme.
Mr Kapumpa described Zambia as a historically mining economy, where the traditional focus has been the mining, quarrying and refining of Copper and Cobalt.
He went on to explain that 10 per cent of the world copper reserves were found in Zambia and that Zambia is among the world’s top ten largest cobalt producers.
“Emeralds, amethyst and malachite are among other minerals available in Zambia. As of 2013 the manufacturing sector made up 11% of the GDP. This sector is constituted mainly of the processing of agricultural produce to make food and beverage,” Mr Kapumpa said.
He said Zambia was endowed with about 60 million hectares of arable land and a wide variety of crops, maize, wheat, soya bean, coffee, tobacco and others were cultivated.
Mr Kapumpa explained that Zambia is ideal for investment into the region due to its strategic geographic situation, being land-linked to eight other countries.
He also highlighted the rich traditions wealth of tourist attractions throughout the country.
The Ambassador said that Zambia could be accessed through its three International Airports and has an extensive and growing road network linking all regions.
“With about 33 per cent of land mass dedicated to wildlife estate (20 national parks and 36 Game Management Areas) and over 5 major rivers and lakes the country is home to over 700 bird species.
In addition to the Victoria Falls, one of the World’s seven Natural Wonders, he also spoke about Kafue National Park, South Luangwa National Park, Lake Kariba, Lake Banwgweulu, Kundalila Fall and Kalambo Falls in the Northern Tourism Circuit as the highlights of this great tourist destination,” he said,
The lecture began with an overview of Africa as a continent, detailing the economic, geographic and cultural facets. He described how Africa is home to 16% of the Earth’s population, over 1.1 billion people speaking over 1500 dialects.
He said that the climate varies from equatorial to temperate to sub-arctic and the continent is home to more than 2600 species of bird and over 1100 species of mammals across a whole range of environments:desert to rainforest.
To highlight the vastness of the continent, Mr Kapumpa provided visual contrast of Africa and Korea, 30 220 000 square kilometers and 100 210 square kilometers respectively.
The Ambassador then took time to discuss the various misconceptions associated with Africa and point-by-point provided explanations and background thus correcting these misconceptions.
He explained that whilst many think of Africa as “one big country”, it in fact consists of 54 countries.
He explained that there was a lot of modern infrastructure, skyscrapers, highways, railway networks, communication and broadcast systems to debunk the belief that “all Africans live in huts”.
He further explained that Africa, despite having over 3000 ethnic groups and several religions is not in “constant state of war and turmoil” as some believe.
Mr Kapumpa presented Africa as a diverse continent rich with potential saying the continent had 30 per cent of the Earth’s remaining mineral resources.
How can you woe investors at a university. Be more serious and focused
Oooooooh anything positive to these people is like adding salt to a wound. They want to see this Country on its knees. The only person who is wise to them is their god Hali Hitler.
Stingray is right,
Kapumpa has so far contributed zero investment or scholarships from S Korea. Nothing.
PF are so used to mediocracy and doing nothing that even if kapuma went to preach investment in a toilet they would call that positive. Zambia deserves more.
Whst is wrong meeting potential investors at a university, it is just a venue like Mulungushi conference centre. Last nite the USA Republicans candidates had their debate at Miami University.
Common think beyond your backyard
Cimmon
He gave “a guest lecture” and not an investment promotion presentation!! It is indeed a joke with these PF *****s and Chris above thinks this is positive. The team was welcome by a professor and not some group of CEO’s with money to throw around. If you are going to attract investment attend investment seminars. What is the point of giving students or indeed potential investors information readily available on google. Give them specific projects in specific sectors and relevant government policies, which must include the need for local participation. Waste of time appointing these relics who don’t keep abreast with global economic, investment and political trends. All the information given to these naïve students is outdated and wrong.
@1 STINGGRAY, DO NOT COMPARE UNIVERSITIES IN ZAMBIA AND BOTSWANA TO THE FIRST WORLD COUNTRIES. THESE ARE UNIVERSITIES THAT ARE PURPOSELY BUILT TO CONDUCT AND HOST ALMOST ANY OCCASION. THEY HAVE HUGE STATE-OF-THE-ART LECTURE THEATRES AND MORE THAN ONE CONFERENCE HALLS. I CAN’T BLAME YOU WHEN ALL YOU HAVE SEEN IS UNZA AND BOTSWANA UNIVERSITY. UNIVERSITIES HERE CONDUCT ALL OCCASIONS AND MAKE HUGE AMOUNTS OF MONEY APART FROM STUDENT FEES. SO NEXT TIME A UNIVERSITY IS PLANNED IN ZAMBIA ADVISE THE POWERS THAT BE TO INCLUDE SUCH ELEMENTS IN THE STRUCTURE.
HAVING MENTIONED BOTSWANA UNIVERSITY- LET ME SAY IT IS EVEN A BIT MORE WELL STRUCTURED THAN OUR UNIVERSITIES.
You are retiring people you choose and yet this dinosaur is still around!!
It was a lecture to students who are probably going to use the lecture content as springboard for research projects. This was not a business or investment forum. But a PF journalist writing this story would not see the difference, and because of this low level understanding and having nothing to do, the whole embassy accompanied Kapumpa to give a lecture.
Bushe mwebantu namupena? UPND AND PF CADRES learn to appreciate what is good. Its like you are all possessed. We should acknowledge good whether coming from PF or UPND as long as its good for our country Zambia.When did you ever hear of a diplomat making such a good promotional initiative? You need to start from somewhere. He is doing a great job. If you can not see that then your reasoning is flawed due to being a tribalist, educated fo.ol etc
How long has Kapumpa been in Korea?? Is this the best he cam do for all that time, a lecture about Africa to uni students??
That is the problem with PF, they are so used to missmangment and mediocracy that they praise anything. No goals are set for them.
Zambia deserves better. S Korea is a young technological advanced country and in all this time this guy has been there he has done nothing.
I AM NOT A FUN OF MUMBA KAPUMPA-MK, BUT OFFERING A LECTURE OF THIS TOPIC IS VERY IMPORTANT AND PEOPLE WHO LIVE OVERSEAS WOULD AGREE WITH MK THAT ALMOST EVERYONE OVERSEAS SERIOUSLY, THINKS THAT AFRICA IS A COUNTRY OR A VERY PRIMITIVE LARGE VILLAGE WHERE TRIBESMEN AND WOMEN ARE HACKING EACH OTHER WITH PANGAS AND AXES OR BOWS AND ARROWS. MILLIONS OF PEOPLE HERE HAVE LITTLE OR NO KNOWLEDGE ABOUT AFRICA. IN FACT THEY DON’T THINK EGYPT IS PART OF AFRICA. SO, MK STARTED PROMOTING ZAMBIA ON THE RIGHT NOTE AND TO THE RIGHT AUDIENCE WHO HAVE THE ENERGY TO RESEARCH AND PROVE HIM RIGHT OR WRONG.
…AND IN ANY CASE SUCH LECTURE ARE WIDELY ADVERTISED AND THEREFORE, ATTRACT A WIDE SPECTRUM OF LISTENERS INCLUDING CORPORATE ENTITIES. BUT, AS I HAVE SAID BEFORE, UNIVERSITIES HERE AND ELSEWHERE IN THE FIRST AND SECOND WORLD COUNTRIES ARE WELL BUILT FOR DIFFERENT EVENTS APART FROM ACADEMICS.
At least he is flying the Zambian Flag, wherever he was and whomever he presented to. That’s far much more done for his country than the louche ill mouthed Fake Pretend UPND Zambians with their inferiority complexes, found here on LT.
We don’t talk Zambia down like your Leader, we believe WE CAN and invite Investors to help in that process in return they can also benefit.
Thank you brother Kapumpa for a presentation well crafted. Those people who attended represent Koreans who have either an interest in Africa and Zambia or just curious. They will talk about what they heard or prompted to research more on the subject.
Brother Kapumpa should continue with this good work.
Yes what is happening back home is discouraging especially the use of tribe to despise Tongas. This should be embarrassing Ambassador Kapumpa but he can’t say it.
Both HH and Kapumpa love Zambia HH did not portray Zambia as a country anywhere in his presentations abroad. The obvious difference is between the 2 presenters. Brother Kapumpa was speaking on behalf of the PF government and obviously would not Criticise the policies of PF. That is what ambassadors do. HH ON the other hand represented an opposition party with its own agenda for the same Zambia. HH and UPND love Zambia and believe they have a better strategy for the same Zambia and are presenting themselves to the Zambian voters as an alternative government. That is what an opposition political party leader does at any forum whether in Zambia or abroad.
I meant “HH has never presented Zambia as a bad country anywhere he spoke”. What he did and is expected to do as long as he remains a contender for President under UPND is to criticize the policies of PF and offer his party policies as better alternatives. Was the late Michael Sata an angel? May be to some people who were closer to him but Zambians believed all the evil things he said about Levy and RB and MMD and voted for him in 2011. HH and UPND are doing exactly the same thing- campaigning. And PF beating up people and Zambia Police appearing to favour the ruling party does not give a good image of political stability to the Koreans who might read the stories.