THE Zambian Embassy in South Korea in collaboration with the Zambia Development Agency (ZDA) is planning to host a Business Forum in Korea in the second half of 2016 to woo Korean investors to Zambia.
The Forum would serve as a platform for the private and public sectors of both Zambia and Korea to discuss investment opportunities in both countries.
This is according to a press statement released yesterday by First Secretary for Tourism at the Zambian Embassy in South Korea, Nthemba Kamanga-Minja.
And Ms Minja said Zambia’s Ambassador to South Korea Mumba Kapumpa with Zambian Embassy staff members held a meeting with Zambia Development Agency (ZDA) Director General, Patrick Chisanga, on June 2, 2016 at the Zambian Chancery.
She said Mr Chisanga was on a private visit to Seoul, Korea to attend the 2016 Rotary International Convention that was held from May 28 – June 1, 2016.
Mr Chisanga also serves as the Chairman of Rotary International in Africa. In this capacity, his mandate is to coordinate Rotary’s Development and Humanitarian work on the African continent.
ZDA is responsible for a number of economic performance directions and that the organization is a product of a number of operational agencies being brought under one roof.
Mr Chisanga explained that one of the specific mandates is to develop the export dimension of Zambia beyond the copper exports and that the Government is making efforts to diversify the economy.
He mentioned that Non-Traditional Exports (NTEs) had been about 20 per cent of the export off-take but through sensitization and support extended to the NTE sector, the latest figures show that the percentage has risen to about 33 per cent.
Zambia is endowed with a tremendous amount of land, plenty of water and climatic conditions that favour crop and livestock production and as such agriculture has emerged as one of the primary sectors for the purposes of developing NTEs in Zambia.
Mr Chisanga went on to say that Government had set up 10 Farm Blocks in view of the said factors.
The strategy to be employed is to attract a Public Private Partnerships to help develop the surrounding areas through vertical and horizontal business linkages. He added that agro-processing also presents massive investment opportunities for the processing of crops, fruits and vegetables, as well as livestock and forestry products.
In the discussion, Mr Kapumpa outlined the efforts the mission has carried out thus far in promoting Zambia as an investment destination and tourism destination of choice and said the ZDA is one of the mission’s biggest partners.
Mr Kapumpa said that the meeting with Mr Chisanga would serve as a further building block in the plans that the mission has with the ZDA.
LT, it’s “woo”, not “woe”.
Who are the editors of LT? So unprofessional. It’s “woo” not “woe.” Don’t forget you also have an international audience reading your articles.
@1 YOU SEE I WORRY SO MUCH ABOUT PROFESSIONALISM IN ZAMBIA. THERE’S SO MUCH LACK OF PROFESSIONALISM QUALITY AND STANDARDS. THERE’S GROSS NEGLIGENCE AND THE I-DON’T-CARE ATTITUDE IN THE WAY THINGS ARE DONE IN ZAMBIA. LT, IN QUANTITY IS A VERY SMALL ELECTRONIC PAPER WHICH IF THERE WERE PROFESSIONAL STANDARDS THIS PAPER DUE TO IT’S QUANTITY SIZE CAN MANAGED WITH VERY HIGH QUALITY AND STANDARDS. ALAS, ALMOST EACH SENTENCE ONE READS 99% IS THAT YOU ARE GOING TO ENCOUNTER ALL OR SOME OF THE ERRORS INCLUDING GRAMMAR, SPELLING, WORDS JUST APPEARING FROM NOWHERE DUE TO COPY AND PASTE, PUNCTUATION, UN CAPTIONED IMAGES OR JUST MIXED AND CONFUSED CAPTIONS TO MENTION BUT A FEW. IN A VERY UN-BUSY COUNTRY LIKE ZAMBIA IT IS AMAZING HOW THESE MISTAKES GO UN CHECKED.
Zambia is for Sale!!!
Well, Kapumpha should start parking his bags because all SATA’S Bembanic appointments will be dismantled.
‘packing’
You sound Bemba. Its not parking!! Its packing. There two different words. Kekekekeke
Surely how old is ba Mumba Kapumpa now? Surely do people ever retire in Zambia…its no wonder these diplomats die in their offices.
I tell you my brother…fossils like this and Chikwanda have nothing to offer the people; they are just there to plunder resources!
I remember watching this man on night TV when I was in Primary School…why is it difficult to just retire to play golf or farming….there is no way these people are working 9-5 Monday to Friday at Embassies, its no wonder we have to ask our relatives to send us Passport renewal forms as these ***** consume everything. No wonder some embassies close at 16:00hrs!!
Just don’t sell or give away land to foreigners, please. Land is what makes a country. If you don’t have land, you don’t have a country. Also, concentrate on finding ways to empower Zambians to do some of these things, especially farming. And don’t say, “they lack expertise.” Bring in the so called experts to train our Zambian Farmers, and then provide funding to them. How long shall we continue to depend on foreign help for even some of the simplest things we can do ourselves? Foreigners have one goal in mind. Make money and siphon it out. At least Zambians will reinvest the profits back in the local economy.
How old are Donald Trump, Hillary Clinton and Bernie Sanders not too mention Mugabe? We should be proud that some people survived the Aids epidemic.
In any case, what has he been doing all this time? What does he have to show for the time he’s been there? Only around campaign time does he want to woo investors…we bee to be serious and retire this mediocre, greedy, corrupt and inept cancer on society calling itself “patriotic front”…nothing patriotic about corruption, incompetence and nepotism!
So this where this white headed Baboon has been hiding all this time,leaving his family alone here in Zambia.At this age,he shd be aging at his farm,if he has any.Ba Kapumpa you ve been in South Korea since 2011,are you telling us that you ve been negotiating to woo investers since 2011?And what kind of investers do we expect from Korea anyway?This oldie has been eating alone quietly out there,now that he sees his time is up,he wants to play monkey.Just think guys,how many more Zambians are in foreign missions under PF,sitted there doing nothing like this cow? Ba Kapumpa you are all coming back this year,and you are all coming back to pay what you owe us,including some of the Bums here on Lusaka Times-we can tell from their comments who is overseas on government money-enjoying…
Time rid all of them including the kickback specialist crook Mwamba….time to bring professionals and seasoned civil servants back in foreigm service; not old ***** like this one!
@Redbull, I’m with you, bro. Some Zambian embassies are a disgrace filled with do-nothing, unqualified people.
The heading says WOE and the story says WOO! Which is right?
Bring then to Zambia to show them whatever it is they are investing in. this will bring revenue in your economy. You don’t have money yet you want to be traveling which costs money and everything associated with it. Yaba live within your means bane! Take them on a tour in Zambia, showcase your wildlife, have business conferences in the middle of the bush, take them to the Victoria Falls. This is 1964 mentality of always wanting to travel every opportunity they get.
To woe indeed. Zambia business is woeful