The Zambian economy can be revitalised if measures announced by President Edgar Lungu can be followed by a well thought out implementation and resource allocation plan, says Zambia Federation of Employers (ZFE) president Tyson Chisambo.
Mr Chisambo said the President’s speech when he opened Parliament contained a number of areas of critical importance to stimulating the Zambian economy once implemented.
“It is encouraging that the President reflected on the positive contributions that may revitalise the economy,” he said.
He was speaking at a media briefing to reflect on President Edgar Lungu’s speech delivered at the official opening of the fifth session of Parliament.
He said long-term financing at affordable rates to be supported by venture capital funds and promotion of business incubation would spur economic activities.
He also said the establishment of the national centre as announced by the President would enhance productivity in the economic sector.
“Productive measurements are a prerequisite for improving productivity and it will play an important role in the performance of both public and private sectors,” he said.
Mr Chisambo said the sector will benefit the nation and increase competitiveness as well as job employment.
He commended the President for the directive to put into practice the provision of the Public Private Partnership (PPP) Act no.14 of 2009.
“We believe that this directive once implemented will facilitate a combination of innovations from both public and private sectors and pursue unique projects,” he said.