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Saturday, July 11, 2020

Zambia’s Finance Minister meets Bank of America Merrill Lynch and other investors

Economy Zambia’s Finance Minister meets Bank of America Merrill Lynch and other investors

Finance Minister  Margaret Mwanakatwe (MP) meeting with Bank of America Merrill Lynch and other investors from Europe and America.
Finance Minister Margaret Mwanakatwe (MP) meeting with Bank of America Merrill Lynch and other investors from Europe and America.

Finance Minister Hon. Margaret Mwanakatwe (MP), yesterday held a successful meeting with Bank of America Merrill Lynch and other investors from Europe and America.

She described the meeting as ‘one of the most engaging economic management meetings’ she has had in the recent past.

The minister of Finance further praised the visiting foreign investment team of delegates on their professional approach and sound technical competence.

And Ministry of Finance spokes person Chileshe Kandeta also told Smart Eagles in a telephone conversation that the minister updated the delegation on the progression of Zambia’s fiscal reform program as well as the monetary policy thrust so far.

“I assured the investors delegation that the Government of Zambia will continue striking the right notes in the economic stabilisation and growth programme so that the nation grows and sustains both local and foreign investors interest in our economy” Mrs. Mwanakatwe said.

Early this year, the WSJ – Wall Street Journal reported that Bank of America’s Corp.’s wealth-management business grew its revenue by 7% to $4.99 billion from a year earlier beating against the odds from its Wall Street rivals during a wild fourth quarter. All this was amidst the violent stock-market swings at the end of 2018 which hurt other brokerage firms, diminishing client account balances and generating lower fees for personal-financial advice.(Beilfuss,2019).

The Zambian government in conjunction with the Ministry of Finance is making significant strides to enhance the most important inter-sectoral goal of improving the much needed conducive business environment for Foreign Direct Investment (FDI).

Finance Minister Margaret Mwanakatwe (MP) meeting with Bank of America Merrill Lynch and other investors from Europe and America.
Finance Minister Margaret Mwanakatwe (MP) meeting with Bank of America Merrill Lynch and other investors from Europe and America.

[Read 1,977 times, 1 reads today]

19 COMMENTS

  1. Great profiling. And comes at a time that people that speak doom against their own country and want to see it become a failed state for their own benefit instead of putting forward solutions or serving their country are silent.

  2. It’s too flowerly under PF, too much make-up in statements.
    These kind of business people can wait to meet with HH’s Minister of Finance, it’s just 2 years. But not Musokotwane please, he is boring.
    Give us list of UPND ministers, so we help you make better team.

  3. Nonsense! You are Pathetic Failures(PF).Mwanawasa managed to put the economy on the right track only to be destroyed by Rupiah Banda and finished off by PF

  4. Politics aside, for me Mutati was doing a great job and if we didn’t remove him, i’m sure we would be somewhere by now. Your excellecy, there is no shame in doing what is good, let those who want to hate you do so for doing the right thing. Take back Mutati to Finance & let madam Mwanakatwe go back to commerce

  5. #2 “These kind of business people can wait to meet with HH’s Minister of Finance, it’s just 2 years.”

    This must be the joke of the decade, especially coming from a trib.al ….. didn’t know that trib.als could spare time for a good laugh … too far beyond them, maybe he meant 20years not 2?

  6. A courtesy call by visiting bankers on the finance minister who obviously is in charge of the banking sector has become a very fruitful meeting.

  7. Upnd cadre busy promoting HH, the man is no where in the story but you have to mention him. You must love him since you can’t go a day without mentioning him. Go hang out with him maybe he can hire you to look after his cows, he might pay you more than you currently earn.

  8. I see one side of the table above busy scribbling on paper and the other side with folded arms. I hope those notes will not just gather dust somewhere in some offices

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