The Commonwealth Enterprise and Business Council has invited newly appointed Minister of Finance Margaret Mwanakatwe as a VIP Speaker at the Commonwealth Business Forum.
The Business Forum will be held on the sidelines of the April 2018 Commonwealth Heads of State and Government Summit in London, United Kingdom.
Speaking this morning at the Ministry of Finance in Lusaka when he delivered a congratulatory message and an invitation from the Chairman of the Commonwealth Enterprise and Investment Council Lord Marlard of Odstock, the Chairman’s envoy, Alistair Johnson said the Commonwealth Business Forum will be an opportunity to showcase the soundness of Zambia’s economic reforms and articulate the progress made in stabilizing economic fundamentals and setting the groundwork for sustained growth.
“At the Forum, investors will not only be keen for updates on Zambia’s growth prospects but also interested in understanding the policy-legislative reforms that you are pursuing to create a stable investment climate,” stated Mr. Johnson.
He also said that the event will offer Small and Medium Enterprises opportunities to participate in various activities such as the commonwealth export champion program and to benefit from the commonwealth mentorship programme.
Mr. Johnson added that many business sector players in Britain admire the determination of the Zambian Government to stand on its own feet through implementation of transformational programs such as the Economic Stabilisation and Growth Programme.
Accepting the invitation, Mrs. Mwanakatwe reiterated the Zambian government’s recognition of the United Kingdom as a strategic partner.
“We have a significant opportunity to utilize the Forum as a platform for attracting business and solid investment to Zambia,” said the Minister, adding that, “for us it will also be an occasion to articulate our reform trajectory and also a chance to benchmark with commonwealth countries that are doing better than we are at the moment.”
The Commonwealth Business Forum is a global event which brings together Heads of Government, Ministers, and Senior Business Leaders from around the world.
The 2018 event will provide an opportunity for high level dialogue on trade and investment between business and government’s from across the commonwealth and beyond.
The Forum will also be an opportunity to identify areas in which the commonwealth can help its member countries to access modern financial services, harness technology and innovation, attract inward investment, and improve sustainable business practices – particularly through private sector collaboration.
And the newly appointed Minister of Finance embarks on an orientation programme today.
She will soon be meeting Zambia’s Cooperating Partners and other players in the financial and economic sectors to engage on matters of mutual development interest.
The programme includes visits to the Bank of Zambia, Zambia Revenue Authority, and the Industrial Development Corporation.
Others to be visited are Securities and Exchange Commission, Pensions and Insurance Authority, and the Ministry’s grant-aided-institutions.
Meanwhile, Secretary to the Treasury Fredson Yamba has written to the World Bank, The African Development Bank, and the International Monetary Fund, to inform them of the replacement of Mr. Felix Mutati with Mrs Mwanakatwe as Minister of Finance.
As Minister of Finance, Mrs. Mwanakatwe automatically becomes a Governor on the respective boards of the three multi-lateral institutions.