Felix Mutati
Felix Mutati
INVESTORS FROM ITALY AND SOUTH AFRICA [SA] are headed for Zambia following an investor cooperation programme conducted by the MINISTER OF FINANCE FELIX MUTATI who was a key note speaker at the Italy-South Africa Business Summit held last week in Johannesburg, South Africa.

During the event, the investors urged Mr. Mutati to continue sharing the “positive Zambian story” with the international community so that others who are taking reforms such as Zambia’s, learn from the country how to structure a focused and bold approach to economic management.

Through effective implementation of the Seventh National Development Plan and Zambia-Plus; The Economic Stabilisation and Growth Programme, “We will remain resolved to continue demonstrating how much we really want our country to develop at an accelerated pace to create jobs for our people and increase wealth,” Mr. Mutati has stated.

Representatives of OVER TEN [10] FIRMS FROM ITALY will in November, 2017, be visiting Zambia to explore investments in energy, agro-processing, and other growth driving sectors.

MEANWHILE, a delegation from the Gauteng Provincial Government of South Africa will visit Zambia from 1st to 5th November 2017, to promote strategic partnerships and secure bilateral relationships with counterparts in our country.

AND The Gauteng Provincial Administration, through the SA Capital Equipment Export Council (SACEE), is looking at ESTABLISHING A BUSINESS HUB IN KITWE OR NDOLA.

The Gauteng Provincial Government has identified South Africa’s Capital Equipment Sector as their major growth industry. Gauteng Province accounts for 40% of SA’s industrial output, 35.1% of their GDP, and 25% of SADC Gross National Product.

In promoting African regional development, the Gauteng Province seeks to increase economic competitiveness WITH FAST GROWING COUNTRIES LIKE ZAMBIA. At the moment, more than 24 Gauteng based companies are currently operating in Zambia.

Tomorrow, Wednesday 1st November, 2017, the Gauteng team will visit O.R. Tambo House in Lusaka before proceeding for a working dinner with ZACCI at Raddison Blu Hotel to discuss Inter-Africa trade and investments.

On Thursday 2nd November, 2017, the South African’s are expected to meet the Minister of Agriculture, Minister of Mines, Minister for Lusaka Province and the Zambia Chamber of Mines.

On their tour of the Copperbelt which begins on Friday, 3rd November, 2017, the Gauteng delegation will jointly meet representatives of the Chamber of Mines, Copperbelt Chambers of Commerce, and the Mining Equipment Suppliers, in order to explore the possibility of enhancing value chain linkages.
The team will also discuss the establishment of a capital equipment business hub on the Copperbelt Province and seek to forge strategic partnerships with local businesses.

Commenting on the separate INTENTIONS OF THE ITALIANS AND THE SOUTH AFRICANS, Minister Mutati has expressed optimism that tangible progress and mutual benefits will result from the bilateral engagements “as long as the initiatives from the two delegations actualize into investments in partnership with locally registered and indigenously owned Zambian companies, during their visits.”

MEANWHILE, the Investment Corporation of Dubai, which is run under the patronage of HIS HIGHNESS SHEIKH MOHAMED BIN RASHID AL MAKTOUM, Vice President/Prime Minister of the United Arab Emirates and Ruler of Dubai, has invited Mr. MUTATI TO BE A SPECIAL GUEST SPEAKER at the ICD Global Investment Forum to be held in Dubai in a fortnight. The event will be held in collaboration with the 4th Co-Investment Roundtable of Sovereign and Pensions Funds Summit.

Heads of State, Business Leaders, Institutional Investors, Sovereign Wealth Fund Managers, and Private Fund Managers will convene in Dubai to explore global investment themes, collaborate, discuss, and share co-investment opportunities. This is another opportunity for Zambia to set the record straight and sell her beautiful story as one of Africa’s best investment destinations.

The unsolicited invitation is a significant manifestation that the positive story of Zambia’s development and the approach which the country is taking to grow and stabilize her economy, are beginning to penetrate the worldwide investor scene.

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15 COMMENTS

    • Begging bowl economics. Home grown corruption. Fecal consolidation.Bold economic mismanagement. Enhanced valueless linkages.

      Mutati talks too much using nice sounding phrases with little real world significance. He is a real con man, this minister of Jonathan.

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    • Mushota Mushota Mushota, and who has money? Nick? Can you please focus on digesting Nicks cum rather than making blanket bigotory statements. Tell Mutati we are still waiting for the OTHER investors from Isreal (The ones the whole cabinet and PS’s went to invite).

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  1. Zambia is a province of South Africa; so business investment from South Africa is going to it’s province and South Africa will be benefiting;

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    • Imagine that. On one hand they are called IMPERIALISTS (whilst throwing scorn) and on the other hand INVESTORS (whom they approach with begging bowls??) Bipolar nation

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  2. When we were being ripped off by PF with roads costing 1 million/km we were told investors will be flooding in , where are they we ask the PF thieves ..? Name even one notable investor upto now ?

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  3. Just see where they have put capital letters, this is more propoganda, remember the investors flocking in after the meeting in livinstone last year.
    Economy is bad so it needs talking up. If we are such a darling destination for investment we wouldnt be askin tne IMF for money.
    Our debt levels have increased by over 15%in two months just based on devaluation of the kwacha

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  4. ITALIANS are RACISTS and as MUSHOTA HAS SAID THEY HAVE NO MONEY , BUT WANT TO COME TO AFRICA TO LOOK FOR BUSINESS, SO BE CAREFUL AS FOR SOUTH AFRICANS WE ARE TIRED OF EMMANUEL MWAMBAS PROPAGANDA FOR HIS 2021 AMBITIONS, PLEASE GIVE US A BREA FROM SOUTH AFRICAN SO CALLED INVESTORS BAMA SHOPPING MALLS. WE WANT INVESTORS FROM CHINA, JAPAN, NORTH AND SOUTH KOREA AND VIETNAM, WHAT ARE AMBASSADORS IN THESE INVESTOR FRIEMNDLY COUNTRIES DOING KANSI

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  5. Every announcements says investors are coming for agro processing… what are they going to process.
    We are essentially growers of grains, we have a consortium of millers, we bought 2000 chinese hammer mills so in all seriousness can someone please explain what agro processing because i am confused

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  6. Zambians are not gullible, Zuma’s visit was questioned and now we are seeing its original purpose which every said was to introduce the Gupta Family, We have nothing against the Gupta’s but these guys are not investers there are criminals.

    We have enough criminals surrounding the President and controlling all Government business. To add another gang is dangerous as there is only so much money that can be looted and shared in the coffers otherwise Government will resort to borrowing to feed corruption.

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