Saturday, April 20, 2024

President Edgar Lungu wants to diversify Zambia’s financial engagement

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Zambia's ambassador to Germany Anthony Mukwita
Zambia’s ambassador to Germany Anthony Mukwita

Zambia’s Ambassador to Germany Anthony Mukwita says President Edgar Lungu wants to diversify financial engagement by cooperating with different development banking institutions around the world.

Mr. Mukwita made the remarks in the Slovenia capital of Ljubljana at the beginning of a meeting between the Development Bank of Zambia and the Slovenian Export Investment Bank, known locally as SID Banka.

“Zambia may be big in terms of the size of the country and the size of her population but compared to Slovenia we are small because your GDP is around 60 billion which beats us by far”, Ambassador Mukwita said.

The Zambian envoy is in Slovenia leading a six-man delegation that includes the Chief Executive Officer, of the Development Bank of Zambia Jacob Lushinga and two other senior officials Malama Mukonde and Alinaswe.

In his remarks, Mr. Lushinga told the SID Banka 5-member delegation led by the bank president Mr. Sibil Svilan that the Zambian economy provided a variety of opportunities for investment.

“There are opportunities in tourism, agriculture, energy and mining, for example”, Mr. Lushinga said.

The DBZ chief said his team is exploring areas of cooperation with SID Banka as part of larger efforts to expand development cooperation beyond the current institutions the Zambian bank is dealing with.

“For instance, we have similar cooperative arrangements with China and we hope to do the same with SID Banka so that we may expand our resource mobilization efforts”, Mr. Lushinga said.

He said the Bank also wants to forge a technical exchange program that should see Slovenia SID Banka officials visit the Zambian bank and assist in setting up their business models that could enhance the quality of services rendered.

And SID Banka President Sibil Svilan told the Zambian delegation that there were possible areas of cooperation in the tourism and energy sectors as the two were growing in Slovenia.

“Beyond that there are Slovenian business houses that are expanding into Africa affording you an opportunity for cooperation”, the SID Banka president said.

This is according to a statement issued to the media by Kellys Kaunda the First Secretary for Press and Public Relations at the Zambian Embassy in Berlin.

22 COMMENTS

    • More $4.5 million 7 column toll gates more nichekeleko. If Lungu rules until 2026 he will be one of Africas billionaires.

    • This bootlicker Mukwita & that wiz.ard Freedom sikazwe with his bootlicking smile whilst looking at Lungu. I can’t stand the sight of their fotoz.

    • Honestly, it looks like Lungu went back to the shebeens he used to drink from and offered cockroaches jobs in the government.

      The dogs have truly infested state house.

      With fleas like this “diplomat”, the world will never take us seriously.

      He does not even have shame pointing out that Slovenia, a much smaller country, has a much higher GDP.

      God help Zambia

    • Honestly, it looks like Lungu went back to the shebeens he used to drink from and offered c0ckroaches jobs in the government and diplomatic service.

      The d0gs have truly infested state house.

      With fleas like this “diplomat”, the world can never take us seriously.

      He does not even have shame pointing out that Slovenia, a much smaller country, has a much higher GDP.

      God help Zambia

    • Yes he wants to hide our money in different parts of the world. Swaziland, Dumbai, and Uganda. But guess what? We will follow his everywhere and sue him.

  1. The wealth we need is in Zambia, We are just lacking a leadership with a clear vision. We don’t need to be running around looking for help.

    • Yes agreed.. there is urgent need to change our mindset as Zambians.. There is also need to practice loving one another and caring for one another.
      Not this galavanting looking for what we already have!

  2. Am sure the f** does not even know how to spell his name, dullness can even be seen on picture, ifiko akamutwe!!!!

  3. This is the problem with ignorance and cadreism. Nigeria, Kenya, South Africa and Botswana have bigger GDPs than that. Slovenia is a non-player in Europe.

  4. I can never go to a strangers house and talk proudly about how they make more money than i do and ask to be friends with them. A shameless beggar has no limits!!!

  5. Gone to borrow again, what economic base r u growing by borrowing more from other countries looks like ichi chi drunk used to live on kaloba due to his drinking and he thinks it’s ok if he puts the country in debt, what a useless man he can sell his wife for kongola useless drunk debarred thief

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