President Hakainde Hichilema says the current 1.6 billion Euros investment which Zambia has attracted from companies in the European Union (EU) is not sufficient compared to the vast potential in that region.
President Hichilema has since set a new target of 5 billion Euros investment for the country.
He stated that Zambia has a lot to tap from the huge investment opportunities in the European Union market.
He urged the European Union to open up its markets saying it has been a challenge for Zambian businesses to access them.
“Zambia has attracted several EU companies with an estimated investment of 1.6 billion Euros in energy, environmental services, construction engineering services and agriculture among others. Honestly speaking 1.6 billion Euros? Europe is a giant in economic terms and I am not convinced that 1.6 billion Euros is something to be proud of. We should work at a target to triple this figure to a minimum 5 billion Euros over a period of time,” he said.
The President was speaking in Lusaka today when he officially opened the first ever EU-Zambia economic forum.
President Hichilema emphasised that increased trade is critical for the economic growth of any country hence his government’s commitment to ensure that the business environment is favourable for trade and investment in the country.
He further stressed the importance of having good and stable policies in the business environment for both local and international trade to thrive.
And the President said the business community should avoid aggression towards each other as they play a major role in helping the government address major social problems like job creation.
The President said Zambia has an added advantage of having a stable political environment, which should be protected to attract more local and foreign investments.
He said this peaceful environment should translate into job creation and improved trade.
The Head of State further expressed optimism that the meeting will yield positive results for the country in the form of business transactions, new projects and increased investments in the country.
The inaugural Zambia-EU economic forum is a two day forum themed: Economic Transformation through Green Growth” and has attracted delegates from both the local and foreign business communities.
The President has described the theme of the forum as a perfect fit to the country as it is in tandem with government’s commitment to encourage green growth as evidenced by the creation of the first ever Ministry of Green Economy.
“The theme for this forum is so fitting. Hand in glove with our own thought process that we must grow our economy but without damaging the environment for the future generations,” he stated
Watch the die hards with an inferiority complex feel threatened by this………..
By imagining all sorts of conspiracy theories to cement their inferiority complex………
Zambia cam trade on equal terms with the west and China………..
No need to fear people of lighter complexion………….ma saka Imwe
He also wants gay rights. They are now free to raise gay flags in our land.
HH lithole sana. The man said trust me and I will fix it. We don’t need to borrow. Today he cannot eve explain his plans or even address the youth who are now p*ssed off. He has reduced himself to constant begging after boasting that the IMF was a done deal. He is not giving straight answers on KCM but beating about the B.S. His legal advisors cannot stop from embarrassing him as a president.
# 2 KZ
Why are you always thinking of gays…….
Homosexuality always seems to on you mind …….
1. Zambia cannot trade on equal terms with Western Nation or China. There is nothing like that in the business world. While everything is a transaction, no transaction is equal in international trade or business, or corporate world. Its a game of negotiating.
2. If you go to the bank today and borrow money its not on equal terms. The bank sets the tone or the conditions. If you provide a service or make a product to sell to the marketplace, you don’t make sales or deals on equal terms. Never! A licenced institutional investor can buy shares or stocks at $1.50 cents only for the non-institutional investors to buy the same shares at the same time but for $1.65 cents. You can buy a show for $50, only for the next guy coming after 2 hours gets the same show for $45.
3. Zambians targeting to export in Europe need to study and understand EU Market Places. The Art of Dealing & Negotiating – is skill that you have to *Learn, *Understand and *Master to get better deals. Put it simply – Knowledge Is Power. If you know, no person can B*S you in life.
Lazy Lungu would never host an event like this he would have sent his Minister of Finance whilst he rushes to the next by-election campaign so he can dance very low to the floor like the Lokéto guys on stage as BUFFOON CK described him. I am just watching video on YouTube – Lokéto – Loketo extra ball.
Really laughable the Lazy Lungu years were.
Cant we invest in the EU?
Zambia and Africa has always traded on infavarable and unequal terms with the west or China…………
We are always on the losing end………..
We need a strong leader to push for equal terms……….
Judas Iscariot….a disgrace
To trade on equal terms does not necessarily mean quid for pro trading………..
We give a lot in one sense , means we can negotiate for concessions in other areas like targeted in manufacturing training…..
Or getting trade deals for our raw materials that have stages where value is added incrementally in modules until at the end we are exporting finished goods………..
Spaka why does me being against gays bother you so much? Take your dirtiness far away from me. Fuseke
“……The President was speaking in Lusaka today when he officially opened the first ever EU-Zambia economic forum…..”
The other side is only showing intrest because of HEHHs drive to work with DRC to capture the electic car battery market…………..
The west is feeling zambia will be a serious player in Africa………
#12 KZ…………
I am beginning to wounder why homosexuality is always on your mind……….
Badala , maybe it is a blocking mechanism of your mind always thinking of gays ????
Spaka
There is no equal terms in international trading. Can you explain or give us an example of an equal terms trade or business deal in simple English? The guy above on 5# and 6# has nailed it correctly. Please go and buy a basic book on Concepts of Buying & Selling and educate yourself. Why is it that both Obama and Trump had increased Tariffs on Chinese imports. Its because the trade deals were not fair.
Which is why they feel confident to raise an LGBTQ Flag on Zambian soil. This thing is do distasteful it’s made me sick and disgusted to the core. Very shameful and a mockery to God not to mention every Zambian. To sacrifice our dignity for 30 pieces of silver
#15 Boom Boom
May 18, 2022 At 9:16 pm
In international trade not everything goes according to traditional trade or business…….
There is geopolitics involved………
Often in international trade , your business and trade ideas take a back seat when strategic allliances and being formed……
You need to educate your self on geopolitics……
And the USA only applied tariffs on China because they want to contain China, who they can not compete with in terms or worke force displine ….
A very serious war is bring waged across Africa for strategic influence in countries that are rich in minerals………..
Zambia is on such country………..
Trade imbalances and unfavorable trading treaties can be rewritten in favour of zambia or atleast to balance things out as equal trading partners……….
Very good news. These ar the relationships that need forging strongly. Foreign investment is very key in any country in the world. Look at hw many foreign firms ar in SA,dubai,Israel or China and USA. Foreign investment is the way to go unlike the thinking of dunderheads like mundubile and mwamba.
12. Kaiser Zulu……
Bravo to you.!! Homosexuality is dirty. You look at a man who just came from the toilet emptying his stomach. He is still unclean and filthy and you then you say, let me stick my manhood in your dirty, filthy and smelly hole and take pleasure out of it. It’s the most disgusting act on planet earth. Not even animals or dogs can do that.
Homosexuality is dirty. You look at a man who just came from the toilet emptying his stomach. He is still unclean and filthy and you then you say, let me stick my manhood in your dirty hole and take pleasure out of it. It’s the most disgusting act on planet earth. Not even animals or dogs can do that
This is where Africans sell them selves short……….
You belive everything goes according to a text book…………..
Years of misrule on our continent have skeward trade in favour of ther peoples……..
All we need is strong leadership, belief , underpined by the rule of law , and powerfully trading blocks and nations will be forced to trade with us as equals……….
By giving and taking in areas of trade……..
This is where Africans sell them selves short……….
You belive everything goes according to a text book…………..
Years of misrule on our continent have skeward trade in favour of ther peoples……..
All we need is strong president , belief , underpined by the rule of law , and powerfull trading blocks and nations will be forced to trade with us as equals……….
By giving and taking in areas of trade……..
So an Indian investor comes to Zambia and pretends to invest but instead he harvests $300 million and uses it to invest in other countries. Why can’t these people use the government machinery to invest in these markets? Buy assets and use them to come and develop Zambia. Buy a mining or construction company in EU and use it to explore more resources back home. If you can’t invite them, but them out.
buy them out.
#5 & 6 -@INDEPENDENT OBSERVER.
I agree with your points, but please note that the “trade on equal terms” is being referenced in context of the EU or China, also allowing our exports on their markets. As you are well versed, its not easy for country or business to enter European markets, even China has struggled to this day, later alone Africa companies.
This openess should exist before the “Art of Dealing & Negotiating” can come in. In fact, such such workshops are part of that Dealing & Negotiating process, therefore should be encouraged, than despised.
I am sure Kaizar Zulu is a suppressed gay. Give him time and he will come out.