Minister of Finance Felix Mutati has arrived in Brazil for bilateral talks on strengthening south-south development cooperation. The Minister was met on arrival in Brasilia, the Capital of the Giant South American Country, by Zambia’s Defence Attache, COLONEL GODWIN CHENDA.
During a courtesy call on the Zambian Mission, COL CHENDA, who was standing-in for the Ambassador Designate to Brazil ELFREDA KANSEMBE, called on Zambia’s private sector to venture in the western hemisphere; including Latin America, for trade and investment opportunities in areas such as crop agriculture, livestock development, manufacturing, tourism, public transport investment, sustainable energy development, infrastructure development, scientific research, technological transfer.
Through its expansive agriculture system, Brazil has a lot of investment opportunities for Zambia which “we need to tap into in order to leverage the penetration of our goods and services in the SADC and COMESA regions and grow our economy sustainably,” COLONEL CHENDA told The Minister.
AND speaking at the same event, Mr. MUTATI acknowledged that as the eighth largest economy in the world and the fifth largest by both population and size, Brazil is an important partner considering that her stock of Foreign Direct Investment abroad surpassed US$ 300 billion in 2016.
“As a country, Zambia has not taken advantage of the opportunities that Brazil provides through technological transfer, bio-fuels, crop disease control, irrigation development,” said Mr. Mutati.
“Standing currently at 4,000 [Four Thousand], Zambia recognises that Brazil has one of the largest headcounts of innovators in the world and has developed technology particularly in dealing with drought through efficient irrigation systems, and fighting crop diseases such as army worms and stock borers,” stated Mr. Mutati.
The Minister added that, “within the context of south-south cooperating we should tap into the best competencies of Brazil to support the diversification and industrialisation agenda for Zambia.”
“We are also here to establish practical cooperation and harness opportunities for growth of Zambia’s financial sector by diversifying our investment portfolio using Brazil as an anchor for supporting the growth of our private sector especially in agriculture, bio-fuel production, and innovation activities,” said Mr. Mutati.
“We are also here to strengthen Government to Government Cooperation in order to gain traction and unlock the potential for mutual benefit and growth,” he said, and added that Zambia needed to remove her shyness in dealing some of the world’s strongest economies by focusing on transactions with countries like Brazil to achieve the best outcomes for the 2018 twin objective of fiscal consolidation and economic growth.
During the visit to Brazil, Mr. Mutati is scheduled to meet the Secretary for International Affairs Professor Marcello Estevao who is also the Vice Minister for Finance and hold discussions with the Brazilian Development Bank, BNDES.
Brazil’s current interests in Zambia are mostly skewed towards the mining sector through the involvement of VALLE and U&M in Lubambe and Konkola Copper Mines.
![Brazilian Infrastructure [Marine, Road & Railyway]](https://i0.wp.com/www.lusakatimes.com/wp-content/uploads/2017/12/Brazilian-Infrastructure-Marine-Road-Railyway.jpg?ssl=1)
![Col Chenda [left] Mutati & Economist Nkumbu Zgambo [Right]](https://i0.wp.com/www.lusakatimes.com/wp-content/uploads/2017/12/Col-Chenda-left-Mutati-Economist-Nkumbu-Zgambo-Right.jpg?ssl=1)
Let us use the correct terminology, Mutati has gone to be lectured. There can never be be bilateral talks between two unequal entities. In essence Mutati and his delegation will just be nodding heads and admiring what Brazil has achieved. Do we need to go to Brazil to learn that our compounds need running water and proper sanitation to prevent diseases such as cholera?
IMF yakana kumupasani kaloba manje ati let’s try Brazilian Development Bank. How can you develop a country on nkhongole. Tax the Mines and get money that belongs to you. It’s right in your backyard instead of glob trotting looking to borrow money.
Worries me. Brazil is one of the poorest countries in the world
Thanks
BB2014,2016
We have been shopping around for these things for many years. Heard these calls and statements a million times. Thing is, we never follow up and follow through on any of them. The same statement will be issued when another official visits Israel, South Africa, even Zimbabwe.
Better to promote Brazilian beef, ranching in Brazil is amazing.
Women are beautiful of course.
Economist bamu sheta uyo! No economics for Mutati but well known for “shetaring” other people’s wives. Perhaps I should introduce him to Mushota! Scantily knowledgeable Mushota for your information, Brazil is a BRICS nation!
Bio fuel! Why minister of finance instead of minister of energy,,,anyway KK showed you a formula of making fuel from grass along time ago,,,,,,, you laugh at him
PF now looking for money all over the world. There is a way Zambia could be making money out of Brazil – by exporting more beef to Angola. Currently, Brazil exports more than 95% of the beef consumed in Angola. Let Zambia take even 15% of the Angolan beef market and PF will have more money in their pockets – a slogan they would rather we don’t revisit – “MORE MONEY IN OUR POCKETS!”
@Mushota, Mushota is one of the most ignorant educated Zambian females, or just another human.
Mutati in Brazil for more debt talks,older debt rescheduling and new borrowing.
Off course! He is out to beg and borrow
How can beg from another who has their own debt problems?
Countries that have placed their intellectuals in challenging positions to produce innovation for national development have advanced greatly. One of our greatest assets is the human capital but here we have failed lamentably to utilized this potential to improve our lot. We have instead embraced and propagated the notion that we are incapable of being creative and that somehow the good Lord has placed us at the bottom of the thinking scale. Our leadership seems to believe anything good can only come from other people not from our own hence the lack of seriousness when it comes to appointments where the priority is boot-licking. And now you want to get upset when normal people refuse to give you any respect!!!!
Another Mutati begging bowl trip ,when are we gonna start having UK ,Japan or Brazilian finance ministers come to Lusaka ,Accra or Nairobi for bilateral talks?
Never
In Brazil they keep up with Technology, every movie and books that are produced in the West is translated in their language.
It’s not a crime to be LGBT in Brazil
Two different mind sets.
The interest is due on the Euro Bonds and that is when they start globtrotting hoping to get some money to pay it off.
Kwendo ya Nkumbu kwati ni nkumba, awe sure it is agony.
Gone begging again,what a Nation……
Meaningless foreign trips, sort out the mess in the agricultural sector before embarking on this useless trips.
It didn’t work out with IMF, I think he’s gone begging in Brazil now.
PF empty tins are the worse managers of the economy when they took over in 2011 with the good credit rating the MMD left…they should have been visiting such places before contracting loans without a plan!!
Let bilateral talks be characterized by substance, not subsistence. Please don’t beg for money. There is a way Zambia could be making money out of Brazil – by exporting more beef to Angola. Currently, Brazil exports more than 95% of the beef consumed in Angola. Let Zambia take even 15% of the Angolan beef market and PF will have more money in their pockets – a slogan they would rather we don’t revisit – “MORE MONEY IN OUR POCKETS!”
Botswana controls, probably about half a percentage of the European beef market, if not less. And yet, what a blessing that has been to Botswana and its cattle farmers! BMC (Botswana Meat Corporation) is one of Africa’s shinning success stories. Look at how it has helped tackle the problems of poverty and unemployment in that country.
Very true. These countries we are running to for financial aid made their money from their God-given natural resources. We could have done the same but all we know is just enriching ourselves through bribes and kickbacks from contracts where funds go back to the contractors’ countries
Give me a single major country in the world that is not making money out of Africa? The irony is that, we go and beg them for money, when we are leaving money behind, right here where we live!
All we need to do is simply copy from them, so that we too can start making money right here in Africa, and behind our backyards.
Hmmmmml……after the failed IMF talks we have run to Brazil?…..We cannot survive on our own. We are not truly independent
THIS IS MY ERNEST APPEAL TO THOSE IN POWER.PLEASE PLEASE OUR CURRENT LEADERS DO THINGS THE RIGHT WAY.I DONT THINK GOVERNING IS THAT DIFFICULT WHEN YOU DO THINGS IN THE RIGHT WAY AND IN GOOD FAITH.THE PROBLEM IN ZAMBIA IS THAT THERE IS TOO MUCH CORRUPTION BEIN PERPETRATED BY THOSE IN PUBLIC OFFICES.THE OTHER THING IS THAT MOST PUBLIC WORKERS ARE LAZY AND THERE IS TOO MUCH BEUREUCRACY IN GOVERNMENT.IF ONLY YOU LEADERS WERE FOLLOWING LAWS AND RULE OF THE LAND ZAMBIA COULD HAVE BEEN 50 STEPS AHEAD THAN WERE IT IS.THE OTHER PROBLEM IS ALLOWING CADRES COLLECTING NATIONAL REVENUE IN MARKET PLACES AND BUS STATIONS.THOSE MONIES ARE SUPPOSED TO BE COLLECTED BY CITY COUNCILS EVENTUALLY IN GOVT COFFERS.IF YOU DONT CHANGE YOU WILL CONTINUE MAKING INNOCENT CITIZENS SUFFER AND GOING ROUND THE WHOLE…
EXCUSE ME MUSHOTA ME I AM BRAZILIAN AND I WOULD LIKE TO KNOW WHAT DO YOU KNOW ABOUT MY COUNTRY BECAUSE YOU SAID THAT BRAZIL IS ONE OF THE POOREST COUNTRIES IN THE WORLD
PLEASE YOU HAVE TO STUDY MORE BECAUSE IS MISSING INFORMATION FOR YOU
THANKS