President Edgar Lungu has assured prospective Germany investors that the security of their investments in the Country is guaranteed.
President Lungu says while Zambia remains a stable Country, it is also looking for fast economic growth.
He has urged the German business community not be restricted by the already existing businesses in Zambia as the Country still has the potential for new businesses to emerge.
President Lungu was speaking yesterday afternoon when visiting Germany Minister of Foreign Affairs Frank-Walter Steinmeier with his delegation mostly comprising of the business community called on him at State House.
President Lungu said that Zambia is fortunate to have a delegation of the Germany business community visiting especially at a time when the Country’s economy is faced with many challenges.
He has cited the energy sector crisis as one of the challenges that has had a negative impact on Zambia’s economy growth.
“Zambia remains a stable Country?” Is it in terms of Democracy? Or Economically? And again to who?Zambians or Foreigners? Well that’s food for thought. Let these Germans bring with them heavy duty 24/7 Generators or elsewhere they will employ thousands and within no time lay off thousands.The environment does not favour investment currently.
Why Edgar likes wild animals and musicians? Is that a lion he got last week from Luangwa park? Showing decorations is duty for Ba Ester Lungu.
The crisis in Zambia is not because of energy, it is because Sata died, and PF boat got stack on dry Kariba dam.
What Zambia needs right now is a sleeping pill preferably propofol……cant take the pain no more!
Germans have come to set up a 400khw solar power plant, viva pf viva ECL.
look at the photo why have such stuffed animals in state house and talk about conservation of wildlife…the Germans are laughing at the irony of all this!!
ECL good move work with Germans not IMF viva Lungu
His Excellency is proudly showing his new Bic pen in the breast pocket of his new (paid by tax-payer) jacket. Really a “sharp” (lol) dresser!!!
Firstly, Investors or Investment in Infrastructure is needed. Aid from IMF is painful hence a good move of not going that route. It is amazing how you all are so negative about this. Firstly find out what sectors the German investors are interested in before you start raising your alarm bells. The Energy Sector, especiallu renewable energy is the way to go. If you want to help Zambia economically, get off your high horses and be that local investor in the energy sector.
Here is a few off the head stats: 10MWp Solar Energy Power Plant will fit on a 18 – 20 hectares of land. 1MW Solar is approximately, US $1,2m. You then have to get a 25 year PPA and a GSA from the Ministry of Energy. Sources of finance are DBZ, IFC, DBSA, AfDB, PTB Bank, plus other commercial and investment Banks…
Guys in zambia we got everything the problem is how to use it we don’t know.