President Lungu in Kasama when he launched the ZAFFICO Kasama Forest Plantation
President Lungu in Kasama when he launched the ZAFFICO Kasama Forest Plantation

President Edgar Lungu says the private sector plays a key role for development in any country to flourish.

President Lungu said his government has consequently created an enabling environment for the private sector to take part in spurring economic development.

The Head of State said this when he officially opened the Northern Province Investment Expo, this afternoon.

He assured the potential investors to quickly come and investment in the country’s Provinces such as Northern among others.

President Lungu explained that the Ministry of Commerce through PACRA stands ready to do registration of various businesses.

At least 2500 delegates have subscribed to the Northern Province Investment Expo out of the targeted 1500 delegates.

Mr Lungu further pointed out that he is optimistic that the Northern Province Investment Expo will create jobs and wealthy creation in the region.

Meanwhile, Northern Province Permanent Secretary Elias Kamanga said the expo is a buildup of the centenary celebrations of the end of first World War in Mbala district slated for tomorrow, November 25th 2018.

Mr. Kamanga explained that the Northern Province administration stands ready to working with investors.

Several firms signed letters of intent such as Mikalile trading that have pledged to invest in the tourist sector at the total cost of 12 million United States Dollars,

In addition, and a firm. from Nigeria called Serve James group of companies has pledged to invest in the same sector at the total cost of 1 billion United States Dollars among others.

The Expo is being commemorated under the theme “unlocking the investment potential of Northern Province 100 years after the end of the first World War”.

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11 COMMENTS

  1. HH and GBM, was supposed to be at the expo. Especially GBM, need more investment in Northern Province.

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    • H.E. THE POTROZ AND CICOTAFS MR ECL IS 100% CORRECT
      AFTER NP, LET’S HEAD TO THE SP, WP AND NWPs
      These expo things are pulling my leg especially if we are serious, damn serious about developing this thing.
      Please also allow every province to have one big MULTIFACILITY ZONES. Also consider encouraging mini multifacility zones in districts.Yes the private sector should be the main players.
      What a wise president.
      Let’s develop this thing.

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    • @Nostradamus, GBM is broke and depressed. All his contracts with Ministry of Defence, FRA, Zesco have been cancelled. Go to his milling plant, it’s a sorry sight. Now he’s singing “special diet”. Next is Kambwili

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    • Koma imwe MA lipota yochoka from examination leaks yayi mwe! So if president Lungu says the sun will rise from the east it will be news? If Lungu does not say anything newsworthy then don’t tell us. Plenty of people have said
      private sector plays a key role for development for any country to flourish.

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  2. “… President Lungu said his government has consequently created an enabling environment for the private sector to take part in spurring economic development…”

    Why always making misleading statements? Does the President live in Zambia or somewhere else?

    When did “… his government has consequently created an enabling environment for the private sector…”?

    If anything, his government has created enabling environment for deceit, corruption, extortion, incompetence and outright thuggery.

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    • Well put FACTS, look how they provided an enabling environment for the post to be stripped down, while mining companies have not even been paying tax.

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  3. Lungu leads a cartel of corrupt lazy theives in GRZ from PF….

    That’s the problem, expecting the private sector to do all the work for them of creating jobs while all they do is steal from over inflated contracts and harass the opposition…..

    As CK pointed out , if RBs house costs k5 million, how can that toll gate opened by lungu cost k51 million ????

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  4. The private sector in Zambia is made up of government ministers who use conduits and political influence to win contracts and sometimes use state machinery to sabotage other people’s businesses. Everyone wants to be in politics to have a chance of survival in business. The likes of Kabwili would never give up politics because there is no way he can stand on his own two feet without the government being his guarantor. A successful private sector is one that is free from government interference and proven record in respective industries. It is very rare to find indigenous successfully run private businesses with no political affiliation in Zambia. The day the two will be separated, Zambia will be a much better and balanced country.

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