Bank of Zambia, BoZ, Governor Caleb Fundanga, is hopeful that the current political crisis in Zimbabwe is urgently resolved in the interest of securing trade relations between that country and Zambia.
Dr. Fundanga said the political crisis emanating from that country’s controversial March 29 elections has a negative bearing on trade relations between the two countries.
Dr. Fundanga was speaking at a press briefing in Lusaka today.
The Zimbabwe Electoral Commission, ZEC, announced on Friday the official results that saw opposition Movement for Democratic Change, MDC, leader Morgani Tsvangirai secure a 47.9 per cent vote against incumbent President Robert Mugabe’s 43.2 per cent.
Dr. Fundanga said the Central Bank is determined to ensure the sustenance of measures aimed at maintaining the liberal marketing system for imports and exports between the two countries.
Meanwhile, Dr. Fundanga advised local and foreign businesses to identify areas for investment in the Zambian economy.
He said the country is endowed with abundant natural resources that could be exploited for various investment projects that could significantly contribute to national development.
Meanwhile, The Zimbabwe Electoral Commission (ZEC) says it will soon announce the date for the presidential election run-off.
Commission chairperson Justice Chiweshe was quoted on Sunday saying details would be made available after a full meeting of the ZEC board.
“The commission is going to meet as soon as possible. I cannot state exactly when the run-off will be held, but I can confirm that the poll will be on a date to be announced by the commission,” said Justice Chiweshe.
The deputy minister of Information Bright Matonga was quoted saying the elections could be held in three weeks.
The law allows that the run off be held within a year.
The run off follows failure by candidates in the harmonised elections held on March 29 to win the election with an outright majority.
Movement for Democratic Change candidate Morgan Tsvangirai polled 47, 9 percent of total votes followed by Zanu PF candidate Robert Mugabe with 43,6 percent.
The remainder went to two independent candidates.
Tsvangirai and Mugabe will participate in the run off.
President Mugabe has already registered his willingness to take part in the run off but Tsvangirai’s position is yet to be made clear.
The MDC has said it does not accept the results of the presidential elections announced by ZEC claiming it won the election, making a run-off unnecessary.