The Egyptian Embassy in Lusaka will from 17th to 20th March, 2019 host a business delegation from the Federation of Egyptian Industries coming to hold several investment and cooperation meetings with Zambian government officials and their industries’ counterparts.
The delegation will comprise representatives of more than 15 Egyptian companies in various industries and a number of meetings have been arranged in particular fields of the group’s interest.
The Federation of Egyptian Industries will sign a Memorandum of Understanding with the Zambia Chambers of Commerce and Industries for cooperation.
Egyptian Ambassador to Zambia, Ahmed Mostafa has confirmed the development and has encouraged players in the Zambian industries to attended the B2B meeting and expand their businesses.
He said the delegation has seen potential cooperation in the local industries which is a response to the policy put in place by the Egyptian government of promoting investment in Africa.
Ambassador Mostafa said among the delegations’ field of interests are agriculture, manufacturing, pharmaceuticals, Agro Chemicals, Food Processing, Printing and Packaging, Petroleum, Engineering, Wood processing and Construction industries.
The Federation of Egyptian Industries (FEI) is one of the country’s largest employers’ associations, with 20 industrial chambers as members, representing over 60,000 industrial enterprises out of which more than 90% belong to the private sector; accounting for more than 7 million workers and 20% of the national economy.
Since its inception The Federation of Egyptian Industries has been carrying out its responsibilities towards defending and supporting Egyptian industries, firmly believing in industry as the pillar of the sustainable development of the country and as the tool to alleviate poverty and attain prosperity.
Therefore, FEI effectively advocates the common interests of its members and defends their positions towards governmental and legislative bodies, as well as other local and international associations.
When are Zambian investors delegation going to nearby Malawi or Namibia? Lungu should be ashamed bcuz we can’t develop Zambia with just foreign expertise.
Well said Mzambia. This mentality of always looking to outsiders to come and developed our nation is very unfortunate. When will we produce our own ideas to generate our own investment. We should be ashamed. We always get excited about “investors” as if they are coming with our interests at heart. They come here to make money not to give it. We should really rethink this as a nation
who is stopping you from investing?
It’s not possible for ZAMBIANS to progress to that level because of what counts as opposition is nothing more than impotent opposition using it’s machismo tendencies bearing down on frail ordinary Zambian citizens. Unfortunately the ultimate status symbol for these undesirable s is Office of the President and Statehouse.
Political violence from opposition mainly, burns down markets (places of industry generating income to GDP). Sure the political landscape is full of these undesirable macho impotent quarrelsomeness men. We can’t progress with that nature. But yes we benefit little from ‘investors’…..uummm ‘infestors.’
When are Zambian Investors going to come to Zambia…the Americans and French have built a 54 Mw solar farm for a mere $60 million which will pay back this sum in no time ….Zambians just want to drive Range Rover and brag over peanuts.
Mzambia wa Zamani,
Why is that every time some of you hear of a foreign investor, you start complaining that there are Zambians who can also invest? You are one of the Zambians. Do you have to wait for a signal from the Zambian government for you to invest in this country or elsewhere? Just go ahead and invest if you have the wherewithal and help this country prosper!
Lungu should avoid investors from Islamic countries! If he knew anything about Islam he would have second thoughts. It’s not the Muslims themselves but the ideology they follow that dangerous.
Great they can help us with our Cotton industry. help us to craft high count cotton fabrics. Egyptian cotton has best high count.
BUT, Onlyy the investors please. No Egyptian culture invasion please, especially religious terrorist influence. Please President Lungu we don’t want to be laundering terrorist money, there is great danger of this.
So what good from Egypt?
A few Egyptian restaurants, their food knowhow can benefit our tourist industry (give tourists more than just Nshima with Kapenta)!
Saffron, farming and harvesting (try pure/organic saffron tea for calmness de-stressor). Oh and they awfully good with building and interior decor …mmm but not too much.
Its 2019 noone invests in cotton anymore …Chinese have killed off all markets as they are able to beat and supply any quality of cotton.
@Jay jay we can benefit from our own cotton markets creating income towards GDP. Fact is we wear chitenge as our national dress all of which mostly cotton.
Fashion Designers can find great use for our fashion industry. We create our own local market!
Patriot Abroad – this is the problem with you chaps like Independent Observer…you simply post things without any understanding of global trade and powerhouses….even your Political Parties like MMD and PF had to import Party chitenge regalia from China because China is the only one that is able to supply that much quality and quantity at cheap price….there were whole textile manufacturing Boroughs in UK like Oldham that collapsed due to cheap quality imports from the East. If you want cotton industry to kick off in Zambia you need to ban second hand clothing completely from the West and increase duty on Chinese textile.
This is why that factory in Kabwe will never raise again especially when defence uniform contracts are single sourced corruptly to the Chinks.
Why does our Presidents posture that apologetic body language? He looks like a visitor instead of a host and Head of State.
He thinks he is humble …he feels out of place remember the man is from Chawama this is why he has morons like Amos, Freedom and Kz to feel intelligent.
Most conmen are like that. They present a certain appearance so that you can trust them then they strike!
Don’t judge people on looks! It’s who he is and is free to project his inner self as we all are.
The man is just a lazy bum …only confident at PF rallies churning out rhetoric to equally dull drunk cadres who have come to watch the bands play on stage.
Lungu’s mindset of always looking to foreign investors to create businesses in Zambia is retrogressive and belongs to the 19th Century .When business investors come to Zambia , they do have one thing in mind and that is to make a profit using Zambian resources . If Lungu has other ideas , he needs to think again because our resources are costing next to nothing . The profits sustained from it is not trickling down to the poor slaving away in these industries but going to countries where these investors come from . As a result Zambia has become a revolving door for people looking for profits .
He is out of his depth…even those investors who are coming will be invited to State House as he has nothing to do instead of sending them to Ministry of Commerce.
These are wasted years!!
Unfortunately for most developing countries the investor game takes away from the citizens. It’s not just our gov’t that has to try to rejuvenate the economy by injecting some form of industry.
Look at the tourist trade even in the Carribbean, it looks enticing but most of the tour companies running the packages are Western investors, who are there to profit themselves. However the local economy does benefit from the scraps created by these types of investors. There must be industry in the economy to create consumer activity like shopping, eating out, entertainment etc. Worldwide union in shaming these investor sharks will shame them into putting more in Corporate social responsibility(you know so you too can eat a bit…from your own resources).
We have been hearing stories of investors coming to present credentials and holding talks for some time now. But we never hear of them investing. Do they just come for vacations?
Egyptian embassy investors?????. Do these investors live in the Egyptian embassy in Lusaka?? Don’t you just want to say Egyptian investors?
I don’t think lungu’s body language is cuz he’s from chawama. he comes across like someone with low self esteem. I grew up in a village but I don’t behave like that
may be someone can point out some projects in Zambia that are wholly Zambian, from the inception of the ideal, implementation, funding, and managed by Zambians
we’re so desperate for so called investors, there’s no proper vetting or putting our own terms and conditions, we dance to their tunes. the Zambian govnt. doesn’t look at it like a business transaction. the so called investors are business entities and every business looks to make profit. but we worship them like they are doing us a favor. we don’t look at what Zambia will get in return and turn away/down those who won’t bring any value. they think by…
He’s not from Chawama. He’s from Chimwemwe in Kitwe
I thought that we,all wanted a United Africa.Peter Carlos Hinds.