9.5 C
Alba Iulia
Monday, September 28, 2020

Zambia has an attractive business environment-President Lungu

Headlines Zambia has an attractive business environment-President Lungu

President Edgar Lungu cutting the ribbon to officially commission the NFCA mining project in Chambishi
President Edgar Lungu cutting the ribbon to officially commission the NFCA mining project in Chambishi

President Edgar Lungu says Zambia has an attractive business environment which is key to social and economic development.

President Lungu says the country’s favourable business environment has led to huge investments from foreign companies to the mining sector.

He said the people of Kalulushi district on the Copperbelt province will continue yielding massive benefits from the newly opened Non-Ferrous Cooperation Africa mining limited (NFCA) that has so far created 4000 jobs.

The Head of State has since directed all mining companies to emulate NFCA by prioritising the safety of miners, during their execution of duty.

President Lungu said this today in Kalulushi district when he commissioned the South -East Ore body project, under NFCA mining Africa.

He said the commencement of the mining activities is a manifestation of job and wealth creation to the people of Kalulushi district.

President Lungu further expressed optimism that the 24 years life span of NFCA mine will translate into 5000 jobs for the local people.

And, Chinese Ambassador to Zambia Li Jie said China has atleast 600 enterprises in Zambia due to the country’s attractive business investment opportunities.

Ambassador Li explained that his country is ready to partner with Zambia in other areas of development such as agriculture.

He stated that China is keen to invest in Zambia due to the country’s stable political environment and mutual cooperation, adding that 1.18 billion United States dollars has so far been ejected into NFCA mine.

Ambassador Li also commended President Lungu for the relentless support and favourable environment he gives to Chinese enterprises in Zambia.

And Kalulushi Area Member of Parliament Kampamba Mulenga commended NFCA mining company for donating 270,000 United States dollars, towards the procurement of 616 houses for the sitting tenants of ZAFFICO houses.

Ms. Mulenga said time has come for the people of Kalulushi district to receive massive development and job creation.

Meanwhile, President Edgar Lungu has arrived back to Lusaka from his two day working visit on the Copperbelt Province.

The Plain carrying the Head of State touched down at ZAF’s City Airport at exactly 17:55 hours.

He was received by the Vice President, Inonge Wina, Lusaka Province Minister, Bowman Lusambo, Lusaka Mayor, Miles Sampa, Defense Chiefs and other Senior Government and Patriotic Front officials.

While on the Copperbelt, the President commissioned the 800 million United States Dollars NFC Africa Mining Plc in Chambeshi, the South East Ore Body in Chingola.

President Lungu also inspected the Chingola-Solwezi Road and Township Roads in Chingola and Kitwe.

The Head of State also held public rally in Kitwe’s Chimwemwe Township where he stated that the PF is not buying people to defect to the ruling party but that, people are being attracted by the massive developmental projects going on country wide.

Pictures Courtesy of Charles Banda

President Edgar Lungu looking at Copperbelt Province Minister Japhen Mwakalombe dance during the commissioning of NFCA mining project in Chambishi
President Edgar Lungu looking at Copperbelt Province Minister Japhen Mwakalombe dance during the commissioning of NFCA mining project in Chambishi

President Edgar Lungu receives a cheque on behalf of Kalulushi Constituency from NFCA during the commissioning of NFCA mining project in Chambishi
President Edgar Lungu receives a cheque on behalf of Kalulushi Constituency from NFCA during the commissioning of NFCA mining project in Chambishi

President Edgar Lungu cutting the ribbon to officially commission the NFCA mining project in Chambishi
President Edgar Lungu cutting the ribbon to officially commission the NFCA mining project in Chambishi

President Edgar Lungu unveiling the plaque to officially commission the NFCA mining project in Chambishi
President Edgar Lungu unveiling the plaque to officially commission the NFCA mining project in Chambishi

President Edgar Lungu reading words on the plaque after officially commission the NFCA mining project in Chambishi
President Edgar Lungu reading words on the plaque after officially commission the NFCA mining project in Chambishi

26 COMMENTS

  1. Attractiveness of Zambia is only seen by the corrupt Chinese, EL you are a let down, Our country is a failed state. Cry my beloved country, Why only china investment, why not the west.

    • No again Mr. Lungu,

      Zambia is attracted by the Chinese and other rogue-like nations.

      Why do we not have the USA, Europe or Japan queuing up to invest here?

      It is only China, Russia, Turkey, Uganda, Swaziland, Congo etc. etc.

      This is not the Zambia way Mr. Lungu.

      You are killing your own people.

    • Only crooked, corrupt infestors like Chinese, Lebanese see zambia as an investment hub. This is becoz of PF’s huge appetite for bribes, kickbacks. They’re busy selling huuuge tracts of land, national assets like RATSA, DeadNBC, ZAF to these crooked foreigners. Lebanese Lamise have made K1.3million from fines in 1 week. Soon they’ll make billions from new number plates, new drivers licenses & vehicle re-registration, new passports.

      They evade tax & pay Zambian workers peanuts. They loot our minerals & mukula trees and smuggle out truckloads escorted by state house VX Land cruisers. What benefit are we getting from tu ma chinese? How many Chinese have TPINs?
      Chinese are now influencing who wins elections.

    • Tell us something less obvious please. Would Lungu say that Zimbabwe or Samoa is an attractive country in terms of the business environment?

  2. Let’s develop this thing guys! It will NEVER be President in Zambia! Well done Mr. President for all your hard work for our country.

  3. Zambia = attractive only in mining . Let’s see car manufacturing ,exports of household goods and massive investments in hotels/real estate if we’re truly “attractive investment destination” like Kenya and South Africa.

  4. Once we only had the South Orebody Shaft (SOB) in Kitwe now we have the South-East Orebody Shaft too! He will not privatise it to put the money in his pocket Hagain! We will jail him if he tries Hagain.

  5. With high taxes, high fuel and electricity costs, fifteen types of licences, bad road network, no service delivery, toll fees, Ratsa fines etc etc. Yes this is very conclusive for investment.

  6. It’s only attractive for Chinese. In Rwanda, VW has set up assembly, that is value addition.

    In Zambia, we are celebrating the extraction of depleting resources. Go figure.

  7. This is a joke of a nation hahahahahah. How can a visionless man calling a poor nation attractive be news surely? This lungu boy is taking the meek. To those that dont know meaning of meek.. I mean he is for ma settingee. Whilst zambians are suffering and his cronies and the chinese are expoiting this nation, he sees it fit to rub the wounds in by issuing such a statement. lungu deserves to be shot

  8. Attractive to who? What does Lungu know about an enabling business environment apart from increasing the cost of doing business through his pickpocketing taxation drive? Borehole tax – someone uses their own initiative to supply themselves with water which the government has failed to do and they come around to reap where they have not sown! Talk of Witholding tax – you are a retiree and your only means of income is rentals from your ka small house making K1,500 per month. This is way below the non-taxable income (Less than K3,300) and someone says WHT? Don’t treat us like we are your clueless children!

    • Sounds familiar, Russians were duped into investing millions of dollars in the DTZ diamond company which ZANU PF would overnight suddenly shut down; All their precious investments vanished into thin air.
      During the plenary sessions, it was revealed that the Defence Forces under Chiwenga himself, ran its own parallel diamond firm together with the notorious intelligence organisation, the CIO.

  9. Excuse me Lungu ,what’s attractive about cholera country ,rampant corruption ,pot holed streets,expensive credit and high transport costs ? That’s hardly a good business climate.

    FYI Lungu ,Zambia’s ease of doing business index score was #67 in 2006 , the index score in 2018 is #85 so we’ve regressed.

  10. Thank you President, but your structured and targetted criticism of Kitwe Mayor (right on your arrival in Kitwe) is uncalled for. The effect of your uncalled for statement on your called “poor and vulnerable” people grabbing land is a recipe for anarchy, flies in the face of your own Lands minister who is also trying to fight illegal land allocation. You have now opened the country to rampant uncontrolled land grabbing. The young man, His Worship Christooher Kangombe has brilliant ideas. He single handedlt orevented cholera in Kitwe while in Lusaka leaders were encouraging cholera to happen by encouraging the rot and dirt of street vendors your so called vulnerable people.

  11. And Lazy Jay j, I am not suggesting your tr.ibal god h.h, as a potential ruler, far from ir. His performance record so far is to simply do or say the opposite of what Lungu does or says. When Lungu say no land grabbibg h.h will respond against. If Lungu flipped and said the opposite then h.h flips too. All h.h sees are votes and the votes dont come because everybody sees him as a tr.ibal empty tin.

  12. Zambia hooked on that China coke. China currently has a population of 100,000 documented citizens in Zambia.

  13. Yes that is true Mr. President. It is attractive because locals are ignored and taxed the highest whilst foreigners get tax breaks and special treatment. Look at Kenya, Nigeria and how they support their locals.

  14. TO: THE MINISTER OF LOCAL GOVERNMENT
    DATE: 22-AUGUST 2018
    REF: PLIGHT OF COPPERBELT SOLID WASTE MANAGEMENT LIMITED CO LTD (COP-WASTE)

    Sir, we as Zambian citizens cop- waste employees in particular are suffering as we have gone for almost ten months without salaries. We sincerely thank the Government for giving us two skip loader trucks for company operations but that is not enough as hunger and poverty is the order of the day at our company.

    We thank you, Mr. President for your support of the solid waste management sector, but we need what he said in the newspaper about recapitalization to be put in practical situation.COPWASTE has the ability to generate jobs with the support of your noble government.

    Just like the way you helped the small scale miners to access the black…

Comments are closed.

- Advertisement -
Loading...
- Advertisement -

Latest News

2021 NAtional Budget: Defunding the Police

By Charles Ngoma The 2021 budget was unveiled by the minister of finance Hon Dr Ng’andu. President Lungu’s government wishes...

Zesco United Has Faith in Zambian Coaches

Zesco United Chief Executive Officer Richard Mulenga says there is nothing special about foreign coaches. Some Zesco supporters expected the club to hire a foreign...

Covid19 Tests Dash Chipolopolo U15 Bronze Dreams

Two Zambia Under-15 players currently in Croatia for the “Vlatko Markovic” Invitational Tournament have tested positive for Covid-19. The development has forced tournament organizers to...

Blades, Real Nakonde in Group B of Div 1 Playoffs

Former FAZ Super Division side Konkola Blades have been drawn in Group B of the National Division 1 play-offs alongside Trident FC, Real Nakonde,...

DEC arrests seven in connection with money laundering

The Drug Enforcement Commission (DEC) has arrested seven people for money laundering related offenses involving K69.4 million. DEC Public Relations Officer Theresa Katongo has disclosed...

More Articles In This Category