Dr. Lubinda Haabazoka
Dr. Lubinda Haabazoka

The Economics Association of Zambia (EAZ) says it will this year hold its first ever National Economics Summit to discuss economic matters affecting the country and the world at large.

EAZ president Lubinda Haabazoka who revealed this in Lusaka yesterday added that President Edgar Lungu is expected to grace the summit which will be held in June in the tourist capital, Livingstone.

Dr. Haabazoka said the economics summit will bring together economists, government officials, academicians, scholars from other countries, and university students to discuss economic issues affecting citizens in Zambia and world over.

He said the association has also invited former heads of state of other countries he did not name to attend the summit so that they can share the experiences they have had governing the countries.

The National Economic Summit will be a blueprint of the World Economic Forum which is held annually in Switzerland to discuss economic matters of the world.

The EAZ President was speaking shortly after he presented a corporate membership certificate to Texila American University in Lusaka.

The membership certificate is in recognition of the partnership between the two parties.

Meanwhile, the Economic Association of Zambia says there is need to boost the performance of Small and Medium Entrepreneurs (SMEs) for the country to achieve the four percent projected economic growth for this year.

Economic Association of Zambia ( EAZ ) Copperbelt Chapter chairperson Matthews Simuyemba says there was also need for local companies to participate in business with the mining companies to ensure that proceeds of business transactions circulate within the country.

Mr. Simuyemba notes that mining companies were procuring more of its materials from foreign companies by side-lining local companies which also have capacity to supply the same goods and services.

Yesterday, Minister of Commerce Christopher Yaluma announced that government has projected a four per cent economic growth for the country this year.

“ The Zambia Development Agency (ZDA) need to put more effort in building capacity among the local entrepreneurs so that they can increase their production as well as exposing them to export markets, “ he said.

He noted that the projected growth rate was attainable as the economic prospects for 2019 were bright adding that the good copper and cobalt prices on the international markets are some of the factors that would help the country attain the projected growth.

He added that more foreign direct investment is expected this year following a good bilateral relations which government has signed of late.

He also urged government to continue wooing investors in various sectors as this would boost economic growth.

The EAZ chapter chairman however, noted that fluctuations in the global fuel prices and performance of major economies might have an impact on the Zambian economy and necessary interventions should be put to cushion such effects.

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8 COMMENTS

  1. “The EAZ chapter chairman however, noted that fluctuations in the global fuel prices and performance of major economies might have an impact on the Zambian economy……..”.
    This gentleman, like Kasolo, must be fired for this, it is not allowed to state without being DIRECTED that there could be negative impacts on the economy due to high oil prices and negative world economy. No negative anticipations are allowed.

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  2. Ba Haabazoka, bola panshi. Dont mislead the nation. On one hand you claim your proposed meeting will be a National Summit. On the other hand, you claim it will be like the World Economic Forum which predominantly is hosted by Switzerland in Davos but other nations like South Africa have hosted it before. A national summit is, as the name suggests, is a national event and a world summit is a global event.

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    • Perhaps you were too young to know these things. You proposed meeting will not be the first ever economic conference held in Zambia. In July 2000, Zambia hosted the ZAMBIA 2000 CONSULTATIVE GROUP Meeting which brought together delegates from the World Bank Group (World Bank, IMF, IFC, CAO, MIGA etc; the United Nations Systems; The European Union Delegation; African Development Bank; African Union Systems etc. This was the first ever CG meeting to be held on African soil to simultaneous discuss and approve a national and global economic agenda. So, mwilaibepa tata. At your level as EAZ President, learn to research before you make pronouncements. Otherwise the integrity of your association will be questioned, if not already questioned

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    • Furthermore, the economic national indaba was held on 17 to 20 October 2003, called by late President Mwanawasa to discuss the various economic governance and social problems Zambia facing with a view to chart a way forward. National indaba brought together hundreds of delegates, and was chaired by an eminent person, the late Mr. Siteke Mwale, who was former Zambian Minister of Foreign Affairs.

      Bola panshi baneee!!!!!

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    • @chaos…. Here is the quote from the article above:

      “The Economics Association of Zambia (EAZ) says it will this year hold ITS FIRST (emphasis my) ever National Economics Summit to discuss economic matters affecting the country and the world at large.”

      So where does it say this will be the first for Zambia or Africa for you to bring in countries like S/Africa? The proper reading should be that this will be the first for The Economics Association of Zambia (EAZ) to organize such an event Don’t base your arguments on a screaming headline cooked up by LT….read the article!

      I also think that you are mixing up the ZAMBIA 2000 CONSULTATIVE GROUP Meeting and the National Indaba with what an ECONOMIC SUMMIT entails. Please look up what the Davos Economic Summit is all about.

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  3. I find Economic Association of Zambia ( EAZ ) Copperbelt Chapter chairperson Matthews Simuyemba to be more realistic and professional than the President of the Association, i hope there will be elections so that Simuyemba takes over.

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  4. Problem with EAZ is its partisan stand on many issues. All it’s good intentions watered down by Lubinda Habazoka’s pro-PF position. EAZ no longer offers balanced positions on key issues of the economy and it’s really unfortunate one person can this easily mutilate the good standing of the Association. For example, on the mining tax issue, EAZ should have provided pros and cons so that all stakeholders, including government, can have a better informed opinion. EAZ is on the fore front of victimizing and harnessing anyone with a contrary view on the mine taxes.

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  5. Problem with EAZ is its partisan stand on many issues. All it’s good intentions watered down by Lubinda Habazoka’s pro-PF position. EAZ no longer offers balanced positions on key issues of the economy and it’s really unfortunate one person can this easily mutilate the good standing of the Association. For example, on the mining tax issue, EAZ should have provided pros and cons so that all stakeholders, including government, can have a better informed policy decision. EAZ is on the fore front of victimizing and harrassing anyone with a contrary view on the mine taxes.

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