Minister of Commerce, Trade and Industry, Christopher Yaluma
Minister of Commerce, Trade and Industry, Christopher Yaluma

Government has assured commitment to put in place an enabling investment environment for business houses to operate freely.

Minister of Commerce, Trade and Industry Christopher Yaluma said this when he officiated at the CAMCO group of companies 20th anniversary held in Lusaka yesterday.

Mr Yaluma said that government is keen towards promoting private sector participation to help develop the country economically.

The Minister noted that government has put in place polices to support businesses that intend to add value to their products, adding that the authority has recently approved the Zambia trade policy, which is aimed at promoting value addition for products being produced in the country.

And Mr. Yaluma has urged companies planning to invest in the country to produce and export finished products, in order to take advantage of the conducive trade environment being provided in the country,

Meanwhile Mr. Yaluma thanked CAMCO for their contribution in the distribution of equipment in the agriculture and other sectors since their inception twenty years ago.

He later revealed that government plans on mechanising the agricultural sector in order to attain its vision 2030 hence the need for stakeholders like CAMCO.

Speaking at the same event CAMCO Managing Director Lee Tia thanked government for the favorable business environment his company was currently experiencing.

He said that his company was willing to work with government in its efforts to diversify the agricultural sector through various mechanisms.

He said that his company was able to supply various farming equipment, technology and expertise in the sector.

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2 COMMENTS

  1. It’s a pity that businesses has struggled to grow under the current regime .busines is bad compared to the mmd time

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    • Business doesn’t thrive under a prolonged high interest regime. When you start seeing posters urging people to invest in treasury bills just know that there’s money trouble in the economy. Govt is supposed to live on its tax revenues and if it is short of money, issue bonds locally because these have longer maturities and don’t influence short-term interest rates. This allows business to borrow at more affordable rates and the economy benefits.

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