
A Zimbabwean firm has expressed interest in investing Kasaba Bay with an initial investment capital of US$ 8 million.
The foreign company Matetsi Wild Life Enterprise has since engaged government into the possibility of investing in the Mpulungu based bay.
Company Director Charles Davy disclosed after the tour of the bay that his company was keen in investing in Zambia because of the country’s enabling investment climate and growing economy.
President Banda said such investment would go a long way in promoting the northern tourism circuit .
Mr. Banda said government will do everything possible to facilitate such meaningful investment.
He said government would work on infrastructure such as roads and airports in a bid to promote a good climate for investment.
Mr. Banda said tourism is key to the country’s economy particularly at a time when the country is trying to diversify its economy.
Meanwhile, speaking before departure for Lusaka, Mr. Banda said his administration would strive to ensure that all provinces got a fair share of development.
Mr. Banda, further, reiterated the support that Northern Province gave his candidature and the MMD party during the October 30 presidential elections.
The President said his administration would work to fulfill its election campaigns.
Mr. Banda was in Northern Province for a three day official visit during which he inspected the abandoned tourism infrastructure at Kasaba Bay in Mpulungu District.
President Banda also paid courtesy call on the paramount chief Chitimukulu in Mungwi district and also officially opened the Provincial Auditor General’s office
ZANIS/AM/MKM/ENDS