Finance Minister Felix Mutati says the invocation of Article 31 by President Edgar Lungu will not in any way encroach on investments placed in Zambia.
Mr Mutati says what the President has merely done is put measures that will not only protect life but also preserve peoples investments in the country.
He said the freedom that investors have been enjoying will continue to be enjoyed regardless of the invocation of Article 31.
Mr Mutati says from an economic perceptive, the concerns that investor confidence will be lost as a result of the Proclamation by President LUNGU is merely a perception.
He says investors are happy that the President is putting up measures that will protect their investments in Zambia.
Mr Mutati also mentioned that there has been an increase in the number of bond investors who have placed money in Zambian securities, a move he described as a sign of confidence in the Zambian economy.
Mr Mutati was speaking this morning at Bole International Airport when he was transiting from Brussels where he was attending the World Customs Organization.
He said the World Customs Organization has launched the New Global Transit Guidelines meant to minimize transit time.
He said the transit guidelines will be used as a practical tool by land locked countries to assess their national and regional transit regimes.
He emphasized the need for cutting down on transit time as a measure that would speed up economic growth.
‘’ We need to minimize transit times and stop locking economies in trucks that remain locked up at borders,’’ Mr Mutati said.
He also said Zambia has been selected as the first country in Africa where the transit guidelines will be piloted.
Mr Mutati says the introduction of the One stop Boarder post at Nakonde and Chirundu boarders were already measures that Zambian had put in place to reduce transit times.
He disclosed that government is currently negotiating with the government of the Democratic Republic of Congo on the possible construction of a One Stop Boarder Post.
Mr Mutati was received at Bole International Airport by Charge De Affaires at the Zambian Embassy in Ethiopia, Mr. Samson Mujuda.