Friday, April 19, 2024

UK is Keen to Increase Investment in Zambia

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British Minister of State for the Foreign Office and Commonwealth HARRIET BALDWIN MP pays a Courtesy call on Finance Minister Margaret Mwanakatwe MP
British Minister of State for the Foreign Office and Commonwealth HARRIET BALDWIN MP pays a Courtesy call on Finance Minister Margaret Mwanakatwe MP

United Kingdom Minister of State for the Foreign Office and Commonwealth Harriet Baldwin says her government will increase its investment in Zambia’s energy sector through renewable energy projects targeted at improving access to electricity “for people without power.”

“Zambia makes sence in renewable energy generation, which is why we are keen to make sure the country benefits in some of our planned investments,” said Ms. Baldwin, she also added that, “the private sector in the United Kingdom is keen to invest in Zambia because they have seen tremendous opportunities here.”

Minister Baldwin made the pronouncement when she paid a courtesy call on Minister of Finance Margaret Mwanakatwe at the latter’s office in Lusaka yesterday.

Ms. Baldwin also announced that in recognition of Zambia’s importance as a trade and investment destination, the United Kingdom Government will send a trade envoy and appoint a trade advisor at the British High Commission in Lusaka.

She encouraged the Zambian Government to continue making growth oriented decisions, albeit tough, and implementing expenditure choices that will facilitate the sustenance of social-sector programmes.

Minister Baldwin took the opportunity to request Minister Mwanakatwe to endure in implementing public financial accountability reforms not only to assure cooperating partners of proper utilization of their invested resources but also to render potency to the fiscal consolidation agenda of the country.

Speaking at the same event, Mrs. Mwanakatwe said through enactment of the Public Financial Management Act, the Zambian Government has implemented measures to foster fiscal discipline and will stand firm on the recently announced austerity measures.

“The measures which we have implemented will also facilitate improved resource disbursements to social-sector programmes,” she said.

The Minister of Finance welcomed the announcement by the United Kingdom to investment in Zambia’s energy sector and stated that the country was positioning itself to meet not only national but regional power requirements through projects such as the Batoka and the Kafue Lower Power Projects.

Mrs. Mwanakatwe further informed the visiting British Government Official that the public procurement act is in the process of being reviewed in order to improve transparency, accountability, and entrench initiatives such as the e-procurement system.

“Opportunities are here that is why through the economic stabilisation and growth programme, we are putting the entire social-economic machinery in full function so that we can meet the country’s development aspirations,” said Mrs. Mwanakatwe.

Issued by:

Chileshe Kandeta

For Ministry of Finance

British Minister of State for the Foreign Office and Commonwealth HARRIET BALDWIN MP pays a Courtesy call on Finance Minister Margaret Mwanakatwe MP
British Minister of State for the Foreign Office and Commonwealth HARRIET BALDWIN MP pays a Courtesy call on Finance Minister Margaret Mwanakatwe MP
British Minister of State for the Foreign Office and Commonwealth HARRIET BALDWIN MP pays a Courtesy call on Finance Minister Margaret Mwanakatwe MP
British Minister of State for the Foreign Office and Commonwealth HARRIET BALDWIN MP pays a Courtesy call on Finance Minister Margaret Mwanakatwe MP
British Minister of State for the Foreign Office and Commonwealth HARRIET BALDWIN MP pays a Courtesy call on Finance Minister Margaret Mwanakatwe MP
British Minister of State for the Foreign Office and Commonwealth HARRIET BALDWIN MP pays a Courtesy call on Finance Minister Margaret Mwanakatwe MP
British Minister of State for the Foreign Office and Commonwealth HARRIET BALDWIN MP pays a Courtesy call on Finance Minister Margaret Mwanakatwe MP
British Minister of State for the Foreign Office and Commonwealth HARRIET BALDWIN MP pays a Courtesy call on Finance Minister Margaret Mwanakatwe MP
British Minister of State for the Foreign Office and Commonwealth HARRIET BALDWIN MP pays a Courtesy call on Finance Minister Margaret Mwanakatwe MP
British Minister of State for the Foreign Office and Commonwealth HARRIET BALDWIN MP pays a Courtesy call on Finance Minister Margaret Mwanakatwe MP
British Minister of State for the Foreign Office and Commonwealth HARRIET BALDWIN MP pays a Courtesy call on Finance Minister margaret Mwanakatwe MP
British Minister of State for the Foreign Office and Commonwealth HARRIET BALDWIN MP pays a Courtesy call on Finance Minister margaret Mwanakatwe MP
British Minister of State for the Foreign Office and Commonwealth HARRIET BALDWIN MP pays a Courtesy call on Finance Minister margaret Mwanakatwe MP
British Minister of State for the Foreign Office and Commonwealth HARRIET BALDWIN MP pays a Courtesy call on Finance Minister margaret Mwanakatwe MP

28 COMMENTS

  1. Other countries do what is in their best interest… the UK is only doing this because of BREXIT… zambia is taking this on board simplistically.

    The devil is in the detail. If we read iyr history very well, seems to me different faces sane forest!

    • Harriet Baldwin why are we wanting put our tax payers money to
      Our a poor country in Zambia that is filthy and dirty ?

      Let’s conventrate on investing back in the UK. I don’t care much about zambia. Too many ignorant people there. Absolutely rotten to the core.

      Thanks

      BB2014,2016

    • UK is a failed project. It’s a Kingdom that has stopped functioning because of Brexit. No one wants to deal with the UK at the moment because they don’t know what they are doing, lost direction. The Kingdom is finished. Zambia and the UK should ‘re-marry’, this time Zambia should colonise was then called Great Britain (which is not great anymore), there is an opportunity here. Only ignorant people like Mushota think the UK is great! Gary Lineker Should become Prime Minister, Wayne Rooney, deputy Prime Minister. David Beckham should be Minister to negotiate Brexit and people like John Barnes, Paul McCartney, Naomi Campbell should be in Cabinet, that’s how bad the situation is with Teresa May, like Lungu she does not know what she’s doing!

    • LT what does – Zambia makes “sence” in….. – in your article mean ai.
      Anyways to err is human.
      Does the UK have any opposition on this one? It’s been too long I head UK doing that for Zambia. Maybe it’s all been packaged in the UKaid arrangement. My point is, it’s in my interest to see the UK reciprocate for what Zambia (ZMaid) has done and did for it.

    • LT what does – Zambia makes “sence” in….. – in your article mean ai?
      Anyways to err is human.
      Does the UK have any opposition on this one? It’s been too long I heard UK doing that for Zambia. Maybe it’s all been packaged in the UKaid arrangement. My point is, it’s in my interest to see the UK reciprocate for what Zambia (ZMaid) has done and did for it (UK).

    • The problem we have with Zambian leaders is that the only see things one way …that’s how they can get funding/loans instead of looking for opportunities like they way our Kenyan cousins are doing and have become leaders in exporting flowers, vegetables, tea to the UK.
      This is the best time to sign those Trade agreements, negotiating duty on select exports with UK as they are now looking for new markets.

    • ALL that glitter is NOT Gold???? Margaret, Don’t let Zambia be fooled by the British. They have BREXIT issues and will use You as they have always done in the Past. I prefer the French than these pretenders. What investment will the bring in Zambia?? It’s all about them. Kick them OUT.

  2. Invest in the road network. I’m prove the roads and charge a small fee for anyone who uses them. Not just the major highways as the govt have done. Zambia’s roads are amongst the worst in Southern Africa. Our feeder roads are I’m such a terrible state, our township roads the same, even in the centre of towns in the so called urban areas of Lusaka and in the Copperbelt we have a sad picture. It is fair to say the govt have failed terribly when it comes to roads.

    • Zambia has resources to put up good road infrastructure, the problem is not investment but government corruption in tenders and the lack of clearly defined standards to shape the country’s vision on the road and rail network.

  3. UK should learn France how it cares its Francophone countries.People don’t do a BSc nursing degree in UK bcoz you will be wiping old people’s as$ses and putting napkins on them..What’s the difference with boys who (wipe) wash cars or nurses who wipe “Queen Elizabeth’s” as$ in the UK? Exposure to pee and poo is dangerous as the hot swampy poop gas cutting off oxygen to the body leads to a potentially lethal condition known as hypoxia. Old people’s poop turns into jenkem (heh) which result in diarrhea, gastrointestinal infection and brain damage.. Inhaling massive quantities of poo poo as it turns out into jenkem vaporizer,and all you’re inhaling is fart.And to think we were all feeling bad for the nurses (human centipede) when they were really having the high of their lives by inhaling…

    • Millennials in developing countries will never be ready to wipe poo of their own people, and Africans stops migrating………….geeeeeeeeeee a disaster in those countries.

    • Really laughable you thinking that France cares for Francophone countries…don’t you know that those countries have to deposit part of their foreign reserves in French Tresuary that’s what was signed in-exchange for their independence….you go to Haiti and ask them how much France milked them for their freedom (Google it) Any African leader who tries to oppose this is swiftly taken care of as witnessed in the past with leaders like Burkinabé pro-people revolutionary, Marxist, pan-Africanist Thomas Sankara. Who has done BSc Nursing is working in a home in 2018? Unless they have not sorted out their papers and have a foreign degree…don’t type utter rubbish for the sake of it ..this is why you get ignorant bloggers like Zambian Citizen with no passport believing this nonsense.
      I…

    • Chihuahua hullicination from the Gay Gay b!tch. Mambala muleishiba utuntu.French colonialism intended to help the colonial people to reach a higher level of civilazation. Encourage native inhabitants to become more like Frenchmen and women. Establish the status of Assimile for those who reach a certain level. Teach the history of the Kings Louis of France, and the geology of the Paris Clay Basin. Encourage the brightest pupils to go on to university in France Bordeaux.Encourage intermarriage and interbreeding between locals and the French.The Brittish empire were more about making money. Britain’s colonial legacy still poison its relations with Africa, the Middle East and Asia. There’s the inheritance of colonial violence. What you saw in the later stages of empire was a series of…

    • CONT’D..
      There’s the inheritance of colonial violence. What you saw in the later stages of empire was a series of British counter-insurgency operations, exported from one hot spot to another. In places such as Asia and Africa, the British were forced to resort to repressive legal and military measures in what was to prove an ultimately vain attempt to curb the tide of political unrest. Detention without trial, beatings, torture, and killings punctuated the twilight years of colonial rule. There was the rhetoric of an inclusive imperial citizenship for the peoples of all Commonwealth countries. But in reality in post-war Britain there was little desire to promote integration for immigrants from the likes of Africa and West Indies.

  4. They want to come back and make their country great again. U.K. Does not have a good track record in working in partnership with African countries. They want to take your valuable assets for free. Unless they come with a partnership mentality, don’t do business with these guys.

    • Really? I am bothered. Maybe their work is hidden in Commonwealth or UKaid. But I kind’a share your sentiments. Maybe the media does not preach to us what UK does for Zambia in particular, maybe there s nothing to report about. I presume China is more weather friendly to us than the UK but for our leaders stance on accountability and level headedness. China is more on exploitation than what we see Zambia benefit. The blame leans on Corruption of our leaders which has made China take advantage of us. I expected UK to be more friendly than China. Maybe there is a way out’a all these issues. BOTTOM LINE is we need NO or LITTLE help or alms from foreigners and TAKE CHARGE. We can do better.

    • What track record are you talking about? Please try to differentiate between present UK govt and sly British Businessmen like Tiny Rowland. Google Department for International Development funded companies/projects in Zambia

  5. What’s been trending in international media is the bloody eclipse of the moon this Friday. One just wonders how this would affect the emotions of women folk like mushota considering it’s coming at the end of the month when most of them will be…need I say more?

  6. “UK is Keen to Increase Investment in Zambia“

    Please don’t forget abut education too, bring Dave Hume, Alan Turing and Rene Descartes, if you want your investment to last.

    Descartes: I think therefore I am

  7. When are we going to read ‘Zambia keen to invest in such-and-such country!?’ What a disaster of always expecting others to come and do stuff here – even silly things like making toothpicks! Awe mwe!

    • Even polish has to be imported from Kenya…as kids we used to make our own black polish with paraffin/kerosene, charcoal and wax!!

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