President Hichilema Advocates Business Collaboration and Lower Interest Rates at G20 Summit

President Hichilema speaking at the G20 Compact with Africa summit.

President Hakainde Hichilema addressed a distinguished delegation of business leaders during the G20 Compact with Africa summit in Germany. In his speech, President Hichilema extended an invitation to the international business community, urging them to consider Zambia as a favorable destination for business ventures and advocating for joint ventures with local entrepreneurs.

President Hichilema emphasized the potential for mutually beneficial partnerships, encouraging foreign businesses to invest in Zambia and collaborate with Zambian counterparts. The appeal was part of Zambia’s commitment to fostering economic growth through strategic international collaborations.

In addition to extending the invitation, President Hichilema addressed the crucial issue of high-interest rates associated with financing African projects. He called upon lenders to reassess risk parameters, advocating for a more favorable lending environment that would allow African projects to benefit from lower interest rates. The President highlighted the significance of affordable financing in supporting sustainable development across the African continent.

Furthermore, President Hichilema stressed the importance of value addition in business ventures, particularly in extractive industries such as mining. By encouraging foreign investors to focus on value addition, he aims to enhance the economic impact of these ventures and promote sustainable development.

The President’s address showcased Zambia’s commitment to creating an attractive business environment, fostering international collaborations, and addressing financial challenges that hinder development projects. President Hichilema’s presence at the G20 Compact with Africa summit aligns with his administration’s dedication to economic diplomacy and attracting foreign investments for the benefit of the Zambian people.


  1. “Hakainde Hichilema the president of the Republic of Zambia begs for lower interest rates” our scribers need to start putting the correct titles. You only advocate for something if you have power to to do so. African leaders have no power whatsoever to advocate for anything including their own God given natural resources in their own respective countries.Most African leaders a compromised to the core and Hakainde tops the list.

    • They make him look intelligent so that he can do their dirty work. He will be made to globe trot until the end of his usefulness. These leaders never learn.

  2. Our Great Hero the late Robert Mugabe clearly put it that African leaders will never be recognised until we also members of the G20 group other than puppets and photo shooting so the song HH is singing other African leaders have sung it many times


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