Friday, March 29, 2024

President Lungu Meets Leyland Ashok, Mitsui, and IMF

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President Edgar Chagwa Lungu, President of the Republic of Zambia yesterday met Ashok Leyland Chairman Prajash Hinduja who has pledged to open an Ashok Leyland Plant in Zambia.

According to the statement released to the media by State House, the President also discussed investment in railways with Mitsui Deputy General Manager Shusaku Okamura, who paid a courtesy call in him.

The President met Techno Brain Representative Mr Antonio Poncioni Merian who said his company was already working with Governments in the Southern African Development Community (SADC) through providing it with solutions to their Ministries of Finance.

Meanwhile, President Lungu has also met the International Monetary Fund (IMF) Department of Africa Director Abebe Aemro Selassie.

President Lungu told the investors that time for talking was over because Zambia needs investment now.

And Mr Hinduja, who, is based in the United Kingdom, said his company planned big investment in Zambia, including, a motor assembly plant.

The President looked forward to the inauguration of the plant.

Mr Hinduja told President Lungu that his firm has launched an electric vehicle on the British market.

He said his Group is diverse and that they have invested in traffic control and health, among other sectors.

And Mr Okamura said Mitsui planned to build a rail line linking Zambia to the Mozambique Nacala corridor.

He said Mitsui will also build a dryport in Chipata.

He said Mitsui were already working with JICA on the Luangwa Bridge.

President Lungu asked the investors what they were waiting for because Zambia was ready.

The President later met the IMF Representative and told him that Zambia has taken bold steps to review the country’s debt stock.

Mr Selassie said an IMF team will visit Zambia soon to give a comprehensive assessment of the Zambian economy.

8 COMMENTS

  1. I’m sorry Lungu but Leyland ,Mitsui and other companies would rather invest in Kenya ,Ethiopia,South Africa or Angola coz they have more dynamic economies.Zambia’s economy is avoided bcos it is having severe epileptic seizures on your watch.

    • It is shocking PF hired Techno brain, Antonio something pure mafianso name, to advise Ministry of Finance.
      We demand Bwalya Ngandu to disclose how much they are paying Italian for consultation.

  2. It is shocking PF hired Techno brain, Antonio something pure mafia name, to advise Ministry of Finance.
    We demand Bwalya Ngandu to disclose how much they are paying Italian for consultation.

  3. @1;If you can provide a factual case comment well good.otherwise it’s fallacy.its a pity your talk will never elevate this country.i would suggest if you take it up & challenge the status quo.why not take up the challenge to meet Leyland chairman & convince him to set up a plant in Zambia? that I would call

    progressive.

  4. “President Lungu asked the investors what they were waiting for because Zambia was ready.“

    If they investor are in support with what’s going on in Zambia and agree with amendment to the Constitution then except the challenge,

    “Social boundaries also allow people to quickly assess others. We tend to categorize people into various descriptors, even within the first few seconds of meeting them. Social boundaries make it easier to determine what is similar and different about ourselves in comparison to others that we meet.”

    “ What is more,the GDPR stipulates that if an organization transfer personal data out of the EU, it must Ensure that the data will be treated in the new location just as it would be in the EU. In this way, the standards embodied by the GDPR will be exported to…

    • continuation @chisebwe page 4

      “ What is more,the GDPR stipulates that if an organization transfer personal data out of the EU, it must Ensure that the data will be treated in the new location just as it would be in the EU. In this way, the standards embodied by the GDPR will be exported to the rest of the world.”- By Helen Dixon

  5. Mmm Lungu meeting IMF and I thought IMF are oppressive imperial masters that have sponsored HH to destabilise the economy kikikiki awe kwena pf cadres are f00ls

  6. So Imf only become evil when an opposition leaders mentions them or when they tell the government the hard bitter truth about corruption, stealing, mismanagement, over priced projects, flip flop policies , over borrowing te imwe fi pf cadres come and tell us how evil Imf is am challenging you today tell that humble lazy , corrupt , failed man to stay away from IMF then I hope every well meaning Zambian can see through this pile of trash we call pf these guys will do or say anything to stay in power at this point it’s even better we elect Milyokela

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