
The Economics Association of Zambia (EAZ) has said foreign trips undertaken by President Rupiah Banda are calling the world’s attention to Zambia’s investment potential and called on critics to be objective in their analyses.
EAZ president Noel Nkhoma said former Defence minister George Mpombo and other critics of the president should remember that Zambia was not an island and that the president had a duty to market the country abroad.
He said in an interview in Lusaka yesterday that the country would in time witness the positive fruits of President Banda’s investment-seeking trips, and commended him for inviting local business executives.
“He [Mr Mpombo] is wrong. In his latest trip to China, British Prime Minister David
Cameron travelled with several business executives to market their products and set up joint ventures.
“Has he heard anyone in that country condemning David Cameron? As Zambians, we must be objective,” Mr Nkhoma said.
He said the benefits for the country of foreign trips by President Banda would go up following his decision to invite local business executives to set up joint ventures with foreign investors.
Mr Nkhoma advised the business executives travelling with the president abroad to find a platform to share the benefits with other Zambians and that way, their interactions with foreign businesses would add more value to the people in the country.
Some business executives travelled ahead of the president on his trip to Brazil to engage business firms in that country for joint ventures and to market their products and services.
“We are very pleased that the president has taken heed of our advice that he should invite businessmen and women on these international trips.
“They will help open doors of opportunities for our businessmen to engage in meaningful ventures,” he said.
He said Zambians would in the near future appreciate Mr Banda’s trips more than they currently do because more jobs would be created as investments increase.
[pullquote]“We are very pleased that the president has taken heed of our advice that he should invite businessmen and women on these international trips.
“They will help open doors of opportunities for our businessmen to engage in meaningful ventures,” he said.
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Mr Nkhoma wondered why Zambian politicians were condemning initiatives that were bringing value to the economy while in other countries similar thinking was being embraced.
He also called on President Banda to issue a decree that contracts below a certain threshold should be exclusively for Zambian firms in an effort to empower them like the situation was in Botswana.
Mr Nkhoma said the law providing for such modalities of empowering Zambians existed in the Citizens Economic Empowerment Commission Act but had not been implemented.
During a visit to Brazil, presidents Banda and Lula da Silva expressed gratitude that the bilateral relations between the two countries were enhanced by the signing of eight agreements and two Memoranda of Understanding (MoU) during President da Silva’s visit to Zambia in July this year.
Brazil and Zambia also signed an MoU on the establishment of a mechanism of political consultation aimed at creating a permanent channel of bilateral dialogue.
President Banda addressed a Brazil-Zambia business forum in Sao Paulo and called on Brazilian business investors to consider setting up businesses in Zambia because of its strategic location and positive investment climate.
He stressed the need for foreign investors to form partnerships with local investors.
[ Times of Zambia ]