Economics Association of Zambia president Dr Lubinda Habazoka
Economics Association of Zambia president Dr Lubinda Habazoka (R)

Economics Association of Zambia president Dr Lubinda Habazoka has called on South Africa businesses operating in Zambia to increase the use of local banking services.

Dr Habazoka has said the use of local banks will help foreign businesses sustain their investments in Zambia.

He was speaking at the 4th Zambia -South Africa Bussiness Forum held in Johannesburg, South Africa.

Dr Habazoka assured foreign investors of security for their investments as Zambia was politically and economically stable.

He said there was need for foreign businesses to increase the use of local banks and products for foreign businesses to help grow Zambia’s economy.

Dr Habazoka encouraged South African businesses to liberalise their trade policies in order to accommodate more local products, particularly in the retail sector.

He said this will help level the playing field between the two countries.

Dr Haabazoka said Zambia was a primary destination for capital investments as it was peaceful and had stable economic apparatus.

The Business Forum was organised by the Zambian Mission in Pretoria, South Africa, the Zambia-South Africa Business Forum and Zambia Development Agency, among others.

It was attended by over 250 business executives and government officials who included North Western Province Minister Nathaniel Mubukwanu and Zambia’s High Commissioner to South Africa Major General Jackson Miti.

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6 COMMENTS

  1. This is doctor in Economics?? Are you sure you can’t give a detailed analysis on why these investors must put their money in Zambia.?? We must as well get a grade 12 student to represent us.

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    • Its high time we made serious scrutiny on all public and institutional leaders credentials! Otherwise we risk irrepairable damage to our great institutions!

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    • #1 they need the local economy to thrive for their benefit. Is that too difficult to comprehend that or you are using tribe to debate.

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  2. Government officials from Zambia attended so who were the South African businesses and investors who attended? Surely that piece of information is more useful than mentioning the obvious officials from Zambia.
    I can only conclude that the forum was a disaster from just seeing Habanjooka.

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  3. Government officials from Zambia attended so who were the South African businesses and investors who attended? Surely that piece of information is more useful than mentioning the obvious officials from Zambia.
    I can only conclude that the forum was a disaster from just seeing Habanjooka.

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  4. Sungwe…l don’t even understand what you are saying. You must be another schooled Zambian moron. Do you know my tribe? Your head of EIZ must convince investors with something else not same info sang by all Zambian politician…peaceful nation. Highlight how their investments will yield returns etc…..

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