French companies target Zambia for investment


MORE than 25 giant French companies are prospecting to invest in Zambia in critical sectors such as economic infrastructure development, energy, transport and information communication technology (ICT).

Yesterday, 25 French companies led by Gerard Wolf paid a courtesy call on President Edgar Lungu at State House and told the Head of State that the companies were prospecting to invest in Zambia.

This is the first time that more than 25 companies from one country had come to prospect for investment in Zambia and President Lungu has encouraged the companies to bring their businesses to the country which was boasting of political stability.

President Lungu said the French should consider Zambia a destination of choice because the country provided the best investment environment on the African continent.

“We are a very peaceful country and I can assure you that your investment is going to be safe. Zambia is a very safe destination for investment and you must consider it your choice and use your time to explore our potential in all sectors of your interest. We have abundant natural resources in water and land which can be exploited,” President Lungu said.

He said the investment should not be restricted to one sector of the economy because the overall expansion of any country’s economy was a sum total of the investment in other sectors.

President Lungu said he was pleased that apart from the 25 French companies that paid a courtesy call on him yesterday, more companies with a bias in agriculture from the same country would be coming into the country.

He stated that sectors such as mining, tourism and energy were equally critical and should therefore be explored adding that Zambia had always looked forward to attracting French investment.

President Lungu said Zambia was strongly promoting public, private partnership which he said was one of the surest means of creating employment. And French ambassador to Zambia Emmanuel Cohet said the more than 25 French companies prospecting to invest in Zambia were attracted by the peaceful environment the country was enjoying.

Meanwhile, the World Health Organisation (WHO) is pleased with the strides Zambia was making in improving the health services for its people. WHO regional director Dr Matshidiso Moeti said Zambia had shown leadership in investing in the health of her people and that the results had been reduction in the levels of mortality and morbidity.

Dr Moeti said Zambia had made a lot of progress in the fight against the HIV/AIDS pandemic and that it was encouraging that the country had been transforming its health sector.

She said this when she paid a courtesy call on President Lungu at State House yesterday.

Dr Moeti said WHO was happy with the country’s preparedness in combating the deadly Ebola disease that has claimed many lives in West and North African countries.

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