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Wednesday, January 22, 2020

State House assures investors, Zambia remains a stable, open and liberal democracy

General News State House assures investors, Zambia remains a stable, open and liberal...

Mr Amos Chanda
Mr Amos Chanda
STATE House has assured investors that Zambia has remained a stable, open and liberal democracy where their investments are safe.

Special assistant to the President for press and public relations Amos Chanda says President Lungu is committed to ensuring that opportunities for investors are provided as long as they operate within the laws of the country.

Mr Chanda told journalists yesterday that this is why the President engages investors and other stakeholders as it is within his mandate to create an enabling environment for investment.

He said the President has been doing this by assuring investors of the stable and conducive environment in Zambia, both economically and politically.

“Within this line of assuring investors that their businesses are safe, the President has a number of engagements this month with stakeholders in the political and business arenas,” Mr Chanda said.

He said London-based Commonwealth secretary general Patricia Scotland is expected in the country on Monday and she will on Wednesday meet President Lungu to discuss a broad range of issues.

The matters to be discussed range from economic co-operation and politics to bilateral and multilateral agreements all within the framework of the Commonwealth.

“Baroness Scotland will discuss the role of the Commonwealth in promoting governance in the country. The two will also discuss the final report of the Commonwealth Secretariat, which sent the observer mission to monitor elections last year,” Mr Chanda said.

He said the verdict of the Commonwealth was that the 2016 general elections were free and fair and were conducted in an orderly and competent manner.

Meanwhile, President Lungu yesterday met First Quantum Minerals chairman Philip Pascall and discussed the mining fiscal regime and the investment climate in Zambia.

During the meeting, President Lungu assured Mr Pascall of his commitment to making Zambia stable and attractive to investment as this is one of the main resolves his administration has undertaken.

“Next week, the President will be meeting president of Barrick Gold Kelvin Dushnisky, the owner of Lumwana Mine, to discuss a broad range of issues,” Mr Chanda said.

Mr Chanda also said President Lungu will next week receive Tullow Oil chief executive officer Aidan Heavey, with whom he will officially launch oil explorations in Northern Province. Tullow Oil is one of the largest oil businesses in Europe.

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6 COMMENTS

    • ambias Präsident ruft Ausnahmezustand aus 6. Juli 2017, 11:40 2 POSTINGS Oppositionsführer sitzt seit Monaten in Haft Lusaka – Nach einer Reihe mutmaßlicher Brandanschläge hat Sambias Präsident Edgar Lungu den Ausnahmezustand ausgerufen. Bei den jüngsten Bränden handle es sich um “vorsätzliche Taten”, die ernste Konsequenzen haben könnten, sagte Lungu am Mittwochabend in einer Fernsehansprache. Seine Regierung habe daher entschieden, den Ausnahmezustand auszurufen. Die Entscheidung muss noch vom Parlament in Lusaka gebilligt werden. Seit der Verhaftung des Oppositionsführers Hakainde Hichilema im April wachsen in dem afrikanischen Staat die politischen Spannungen. Hichilema war unter dem Vorwurf des Verrats festgenommen worden, nachdem sein Konvoi angeblich dem Konvoi des Präsidenten…

  1. Zambias Präsident ruft Ausnahmezustand aus 6. Juli 2017, 11:40 -.Oppositionsführer sitzt seit Monaten in Haft Lusaka – Nach einer Reihe mutmaßlicher Brandanschläge hat Sambias Präsident Edgar Lungu den Ausnahmezustand ausgerufen. Bei den jüngsten Bränden handle es sich um “vorsätzliche Taten”, die ernste Konsequenzen haben könnten, sagte Lungu am Mittwochabend in einer Fernsehansprache. Seine Regierung habe daher entschieden, den Ausnahmezustand auszurufen. Die Entscheidung muss noch vom Parlament in Lusaka gebilligt werden. Seit der Verhaftung des Oppositionsführers Hakainde Hichilema im April wachsen in dem afrikanischen Staat die politischen Spannungen. Hichilema war unter dem Vorwurf des Verrats festgenommen worden, nachdem sein Konvoi angeblich dem Konvoi des Präsidenten die…

  2. Zambias Regierungspolitik sei von „Manipulation, Patronage und der Einschüchterung politischer Gegner“ geprägt, heißt es etwa in einem kürzlich veröffentlichen Hirtenbrief der katholischen Bischofskonferenz des Landes: „Wenn wir heute noch keine Diktatur sind, dann sind wir zumindest auf dem Weg dorthin.“

  3. From been a good example and case study of democracy . Zambia under pf has now been reduced to defending its poor record of human rights to the world. Things are bad and investors are now looking at alternative countries to invest. Who is daft enough to invest in a country where a prominent business man and leader like hh is arrested for treason on flimsy reasons. Lungu will die

  4. If all is good why do we constantly have media releases saying how wonderful we are for investors and stability. If all is okmu dont have to defend it unless you are insecure in your beliefs.
    Are the mining companies coming to make sure their investment futures are safe….. will ECL see what tanzania has done and introduce similar legislation whereby govt cannacquire the mines and that at lleast 16% of the mine to be retsined by govt.. investors are leaving in droves
    Mutatai assures strong kwacha today its 9.19 which is s significant variation from 8.8 yesterday. Worldwide the us $ is weak, so why improve against kwacha..googld currency converter live rates.

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