Movement for Multi-party Democracy MMD President Felix Mutati says the continent needs to break the myth that investment can only come from outside Africa by demonstrating that they can do business among themselves.
And Mutati says he will do everything possible to ensure that the investment opportunities that have been identified by investors materializes in a bid to reduce poverty in the province.
Speaking when he toured some selected stands at the on-going Northern Province Investment Expo in Kasama, Mutati said Africa needs to demonstrate that they can do business among themselves.
He said the projected US $2 Billion Kasaba Bay investment by Seth James is a clear indication that the myth that investment can only come from outside can broken.
“….in addition is Africa investing in Africa. We have to break that myth that investment can only come from outside Africa, this is an investment from Africa into Africa so let’s create the competition that Africans are able to do business with each. We are able to increase business from the low level of ten percent to higher heights and these are the beginnings,” he said
And Mutati says he was at the Expo to follow up on some of the companies he worked during his time in government and ensure that the investment in the province sees the light of day by helping with some of the bureaucracbureaucracies.
“…Its major investment that’s why we need to nurse them (Seth James group). We shall do everything possible first of all as Northern Province to ensure that this investment materializes in particular assisting in issues around bureaucracy. Breaking down the bureaucracy so that anything that is in the way can be broken because at the end of the day it’s the value that it creates for the people of Northern Province and putting Northern Province on the global map that is what is important,” he said.
And Mayowa Seth James Toba who is the Seth James Group of Companies President said his company chosen ro invest in Kasaba Bay because of its abundant tourism potential.
“I represent Seth James group as the president of the company. Seth James group is the company that has subsidiaries in construction, oil and gas, properties, farmers, technologies and we have picked Kasaba Bay as the destination we want to invest in and also like he has said that we are going to invest in hotels, we are going to invest in amusement parks we are going to invest in a golf course, we are going to make it an integrated tourism site where you come to, you bring families, you bring people from local and international destinations to come and experience something totally different.
“Kasaba Bay is a unique site, it is naturally blessed and we want to bring out all its potentials so that the world will see. We are ready to put it immediately on the world stage. After this expo very soon you will begin to see what we want to do on CNN and every media so get ready for one of the best investment that this country has ever seen. We believe Zambia is the best place to invest in in Africa and even in the world right now so we are very happy to be here and we are excited about this project. We are looking at investing US $2billion in this project,” he said.
Where was this Mutati when he was Finance Minister? Great knowledge.
He is one of Zambia’s greatest leader. What a gift of life.
Great piece FM.
Instead of putting Zambia on the global map, we are putting Northern Province on the global map. Resources in other provinces are for Zambia but in Northern Province for Northern Province.
Good job Mr. Mutati! We can do it. Let’s continue to put the basic infrastructure in place but we definitely need a lot of Zambians in the economy. NOT those who take money to tax havens.
Mmmmh! Uyu Seth fino fimo, mumuyanganepo bwino ka! Sitifuna mane londalingi ise. Abilima sana. Fingers in too many pies!!
Simply talking nonsense …where was this talk when he was in Finance…anyway Zambians are gullible people they will start thinking this man with no shame..who waited to pushed over the cliff would make a good leader.
Zambians are gullible people…uummm. Am sure you mean your father and mother.
Very optimistic words but I’m afraid we still have a long way to go before we can boast of being the best place to invest in Africa.
Maybe not the best capital return on investment, but I think Zambia is full of potential as I will happily tell anyone willing to listen!
I don’t see anything wrong with the statement, it’s the job of politicians to motivate people.
Good job Hon Mutati, keep it up!
But knowing trib.al upnd cadres, they are disappointed that Hon Mutati is all smiles and no signs of a rift with PF. You know they look at everything negatively and trib.ally which is essentially the same thing.
Thats the spirit Mr Mutati, Others would have boycotted all public functions by now. They would have started retrogressive accusations and scores settling. You are a man with big heart. Keep it up Zambia is bigger than all of us.
That myth is from the Zambian government and politicians not general citizenry who believe foreign investors are the only investors. Many Zambians have been calling for this for a long time. We Zambians we have been asking why cant some of these mines be bought by Zambians. Even Mulungushi textiles a Zambian investor can capitalise it. Last time it was said needed was capital if $10 million .. There Zambian capable of this investment but the government went for a fake Guy a Tanzanian. Our politicians suffer from inferiority complex. Look at Zambeef Zambian company In both Nigeria and Ghana
Even talk about Africans doing business in Africa and investing in Africa that’s happening Already, Zambeef, Shoprite, Choppies, Dangote,Pep all these are African companies investing in different African countries, even our own, Trade Kings and Ezyee noodles (Javs foods).. Its already happening this is not news. What he needed to says is lets encourage more of this. Help our local Zambian companies become big and invest in other countries to increase our presences and products in those countries and bring more money back home..
Look at ZAFFICO, why should it fail to go on with it projects after selling the Mukula logs. Because the amount they raised is more than what they are trying to get by listing. It’s either somebody has already chewed the money or it is managed illetate cadres.
Pleas tell HH to invest in Zambia…..
I think lungu should give mutati a job in grz. On merit he would definitely do better as VP that that silly old woman…..
Hahahaha, Wenye chabe a Mutati. Tiziba Nkani yanu, na ana anu Yama generator.
Ba car lemba double check your work before publishing. Iyo auto correction ika spelling’apo nolusele.
There is wisdom in Felix mutati’s head..obviously he has just never been able to fully exercise all of it. Hence president of the opposite.
MUTATI IS TALKING IN WHAT CAPACITY? WHO IS HE ? THE MAN SHOULD NOT BE GIVEN TALK TIME, HE IS CAMPAIGNING, THE MAN IS FIRED AND NOW IS A ZAMBIAN CITIZEN LIKE MULYOKELA, SO ONCE U ARE OUT OF THE SYSTEM PLEASE DONT PRETEND YOU ARE FOLLOWING PROJECTS THAT U LEFT, YOUR SUCCESSOR SHALL DEFINATLEY DO THAT JOB, I THINK U ARE FOLLOWING UP TO PAY FOR YOUR KICK BACKS U GOT FOR THE SAME INVESTMENTS. THOSE NIGERIANS ARE VERY CROOKED PIPO THEIR COUNRTY IS WALLOWING IN POVERTY THEN U ARE FOOLED THEY CAN INVEST 2BILLION? WHY NOT INVEST IN NIGERIA ? PLEASE CHECK THIS MAN AND KICK HIM OUT OF PUBLIC DOMAIN
Trigo You are very right. Those who have eyes hv/are already investing within Africa. But let me say something about what Mutati has said and the key words are “breaking the myth”. For a long time we as Africans, Zeds in particular have been looking at the outside world in terms of investment. The Mzungu inferiority kind of thing. You know the Africa of yesterday is not the Africa of today aayi mani ayi ayi.
I absolutely agree that African investment in Africa must not be overlooked, but I also think that we must not let rich countries off the hook. They must live up to their obligation of sharing their good fortune and stop putting obstacles in the way of development through multi-national corporations and institutions like the World Bank. What I hear from Africa is not the desire for handouts, but rather the desire for sharing for mutual benefit. We must not underestimate the wisdom of this when communicating with rich countries.