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Sunday, January 16, 2022

UK commits to support Zambia’s economic recovery plan

Headlines UK commits to support Zambia’s economic recovery plan

The United Kingdom has pledged to support the Zambian government’s plan to return to a position of debt sustainability, which is aimed at growing the country’s economy, attracting investors and creating jobs.

This commitment has been made through the Minister for Africa, Foreign, Commonwealth and Development Office for the United Kingdom (UK) of Great Britain and Northern Ireland, Vicky Ford.

Ms Ford says the UK government believes that Zambia’s strategically located position, history of good financial regulation and the skills of its people, can allow it to become a future trader and investment hub for the wider Southern African region.

“In the week of the COP26, we re-enforced our commitment to green economic development, development that supports our climate ambitions and protects Zambia’s precious national assets, like its wildlife and forests,” she noted.

Ms. Ford added. “There are economic changes to overcome, the UK will support your government’s return to a position of debt sustainability, so that Zambia can grow its economy, attract investors and create jobs,”


The Minister further stated that the UK has welcomed the commitments that Zambia has already made, to increase transparency and improve the operation of government.

She also noted that the UK recognizes that the Zambia government has similarly made moves within its first budget to improve the environment, for local and international investors.

“To ensure that every Zambian benefits from Zambia’s growth and economic development, we look forward to working closely with you and your government in the coming years towards an exciting future.” she added.

And Zambia’s Minister of Foreign Affairs and International Cooperation, Stanley Kakubo, in collaboration with his UK counterpart, signed a Green Growth Impact framework for cooperation agreement at the Foreign, Commonwealth and Development Office in London, on November 4, 2021.

During the signing of the Green Growth Impact Framework for cooperation agreement, Minister Ford said the agreement symbolized the strengthening of the two country’s relationship and commitment to trade and investment for sustainable and long-term economic development.

And Mr Kakubo observed that the joint initiative between the Zambian and UK governments, signifies the long standing friendship that exists between the two countries.

“The economic frontier is now in the new government and our position is to prioritise economic diplomacy, and we are looking forward to having the UK being our front line partners in all this,” he noted.

He further stressed that the Zambian government is looking for jobs as a major statistic in the country’s economic development while noting that the trade and investment that will happen between the two governments is key.

Minister Kakubo said “our two governments have committed to work together to build a stronger, more diversified and inclusive Zambian economy that delivers economic opportunities for the majority, while delivering a stronger relationship and mutual economic benefits to Zambia and the UK.”

The Green Growth Impact framework represents a voluntary plan of action between the government of Zambia and the United Kingdom, aimed at strengthening economic development and opportunities for both countries.

The compact will support Zambia to follow a green development path and contribute to global ambition on emission reduction, whilst protecting Zambia’s own unique biodiversity and natural capital for the benefit of future generations.

This is according to a statement issued to the media in Lusaka today by First Secretary for Press and Public Relations at the Zambian High Commission in the United Kingdom, Abigail Chaponda.

16 COMMENTS

  1. Look at that negro signing away our resources to the imperialist who once colonised us. Zambia is finished under the capitalist boy hh

  2. Look at that n.e.g.r.o signing away our resources to the imperialist who once colonised us. Zambia is finished under the capitalist boy hh

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  3. “There are economic changes to overcome, the UK will support your government’s return to a position of debt sustainability, so that Zambia can grow its economy, attract investors and create jobs,”

    The battle between China and the west for Africa is truly on………..

    The Chinese will lose this battle in countries like zambia if they don’t move manufacturing here to create sustainable jobs……….

    The Chinese based the returns of their investment on an Asian work mentality , which in Africa is not forthcoming, unfortunately for them it is mostly dictators who thrive on Chinese investments…….

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  4. Just from the onset, we can see WHO is obsessed with the so called IMPERIALIST………The TRt00ll from the UK !! It is NOT even aware how it`s colonized by having a UK flag before it`s name…..talk about colonization and imperiliast !!!

    Whether you like it or NOT, its another tick for the new government. Those who are born to criticize everything that moves, of course, will always find a reason to do so. And they have the right to do so.

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  5. @Spaka. It truly is on!!! But the question is how are they going to do what they are promising when they have reduced on foreign aid, the FCDO is in a comma and failing to honour it’s commitments. They themselves have lost the iconic black cabs to the Chinese (LEVC) and their latest nuclear power plant will be financed and built by the Chinese and French. The list goes on… We really need to research and think these things through before we put pen to paper. What do they really want from us??? My 1p worth

  6. #7  IllSayWhatIWant 
    November 5, 2021 At 3:56 pm

    “@Spaka. It truly is on!!! But the question is how are they going to do what they are promising when they have reduced on foreign aid, the FCDO is in a comma and failing to honour it’s commitments. They themselves have lost the iconic black cabs to the Chinese (LEVC) and their latest nuclear power plant will be financed and built by the Chinese and French. The list goes on… We really need to research and think these things through before we put pen to paper. What do they really want from us??? My 1p worth….”

    They all want to make a free buck from us, that’s for sure……..

    This time it’s up to us to play them against each other as to who will support manufacturing jobs in zambia.

    We are stressed and fatigued of…

  7. #7  IllSayWhatIWant 
    November 5, 2021 At 3:56 pm

    We are stressed and fatigued of supporting jobs in SA for European affiliated products and jobs in China for Chinese products…….

    The only way forward is to move manufacturing to zambia.,…….

  8. @ Spaka you are 100% on that one. We need to bring back those jobs here. Let them set up manufacturing plants here. We are tired of being one sided. Whether East or West our interest is to see our economy back on track.

  9. @sparka and @lllsaywhatiwant
    I think the big battle is between the US and China. UK has already been subdued. Their dependency on China is growing rapidly.
    I agree our country should be planning on how to milk every drop out of this dynamic

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  10. #10  Timbwi 
    November 5, 2021 At 4:51 pm

    “@ Spaka you are 100% on that one. We need to bring back those jobs here. Let them set up manufacturing plants here. We are tired of being one sided. Whether East or West our interest is to see our economy back on track.”

    The globalisation con won’t work any more.

    Every country now knows if they have an internal market………

    That market has to by supplied by local products, first before imports are considered…….

    This is where trump was spot on………

    You are better off with even industries that just break even, widening the tax base with less loafers on the streets……

  11. When is the ACC and DEC locking the Pathetic Fool head call Kaizer? Wait, can’t you see how your Boss “Erratic. Lazy. Lungu” looks so OLD in such a short period of time? I have never seen a person finishing in 2 months. It’s all worries and problems because of his bad deeds.

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  12. Our people who live in Zambia know very little about what the mind set of the western world and they lightly take everything they are told to be straight forward, to the contrary the facts are that you should question right in your own mind is does help really comes without you giving anything in return!
    No sir it does work that way no one can just help you for example you cannot go to work for someone without pay.
    For any time give into work it must translate into money no wonder the saying goes ( time is money ) no one sweats for nothing.
    Zambia has gold beneath it’s soils it can work with batter system if there no monitory gain don’t just smile think Mr Kasanda.

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