President Banda has said that foreign investment alone will not move the economy forward. President Banda has encouraged Zambian investors to venture in business activities of their choice.

The President was speaking in Chipata this afternoon when he officially opened the eighth Spar outlet in the country.
The mall which has created over 100 jobs for locals has been constructed at a cost of 10 billion Kwacha. The President said that his goal is for Zambia to achieve a better economy in the world.
He says this will be achieved through establishing security, stability and prosperity for all Zambians.
President Banda says stability in the economy will entail more job creation, increased foreign investment, eradication of poverty and steady food production.
Hundred of Chipata residents braved the cold and rainy weather to witness the official opening of the first spar shopping mall in the town.
Mr Banda also said that government remains determined on its ambitions of job and wealth creation for all Zambians.
He said that he is pleased that many entities such as spar have taken advantage of favorable economic conditions that his government has put in place.
And Eastern Province chamber of commerce and Industry President Timothy Nyirenda observed that the opening of the shopping mall is clear testimony of good and enhanced economic policies that president Banda is implementing.
Mr. Nyirenda said that Eastern province has seen enhanced social and economic development which warrants the Chipata’s municipality to be honored with a city status
President Banda, Home Affairs Minister Mkhondo Lungu and other senior government officials later toured the spar to have a feel of what people in Chipata will experience during their shopping ventures.
On Saturday before departure to Chipata, President Banda said Zambia is at a point of economic breakthrough.
Mr Banda said this is due to increased economic activities across the country. Mr Banda also announced that Chipata District in Eastern Province would soon become city.
He said Chipata will attain the city status because of the current massive economic activities taking place in the district.
The President was happy that a number of infrastructure projects are on course to support the rising economic activities in Chipata.
[ZNBC]