President Edgar Lungu says government will continue to create an enabling environment for both private and public companies to thrive.
President Lungu says the PF government’s vision to transform the country into an industrial hub thereby guaranteeing employment opportunities for the country.
The president said this at the commissioning of the ZAFFICO pole treatment plant in Kalulushi yesterday.
The pole treatment plant will make the country self-reliant in meeting the local demand for this product while contributing to the nation’s wealth creation and the well-being of our people.
The Republican President noted that for a long time now, ZESCO and the Rural Electrification Authority (REA), the main buyers of treated poles have been importing the poles as the local market has been unable to supply the required quantities a scenario he said has resulted in the externalization of resources.
He explained that with the commissioning of the plant ZAFFICO will be able to flood the local market with required quantum’s of the poles.
Mr. Lungu urged ZESCO, REA, ZAMTEL and other local companies who are the users of the product to promote it by buying from ZAFFICO.
“ ZAFFICO’s survival is solely dependent on the support from local companies as the industry will only become successful when Zambians begin to rally behind local companies by promote the local industries in order to achieve the desired national development, “ he said.
President Lungu said he is aware of the workers compensation fund intentions to partner with ZAFFICO and hence directed the Industrial Development Corporation (IDC) to ensure that the proposed partnership is expedited and brought to fruition.
Mr. Lungu revealed that ZAFFICO has been transformed into a success story following achievements the public company has scored in the recent past, under the pf government.
He said it is gratifying to note that ZAFFICO is a success story today because it has taken advantage of the prevailing conducive business environment.
President Lungu said the performance of ZAFFICO is classic proof that local companies can perform as good as foreign companies once they employ appropriate strategic plans for their growth and survival.
He added that today’s world is dynamic hence failure to adapt spells doom for companies which continue to remain in their comfort zones.
The president has urge other public companies to emulate ZAFFICO by formulating strategies aimed at promoting competition and subsequently the growth of these enterprises.
He further added that government will not hesitate to take stringent measures on public companies with poor performance due to lack of innovation.