Full market liberalization can attract more FDI to Zambia

 

A FULL market liberalization and transparency will go a long way in attracting more foreign investment to Zambia, says Turkish Ambassador to Zambia Ahmet Arda.

Mr Arda said consequently the move would have a positive effect on Zambia and help to create more jobs for the people.

He said that long-term plans for development especially in the field of energy would be of great beneficial to Zambians.

He believed that Turkish companies should be able to assist Zambia in her economic development efforts

Ambassador Arda said Zambia has enormous potential for hydropower and that Turkey had the experience to turn that potential into reality if permitted by the Zambian Government.

“Long-term plans for development especially in the field of energy will be beneficial to Zambians. I believe Turkish companies can assist Zambia in that sense because they have the capital and the experience,

“Zambia has enormous potential for hydropower and we have the experience to turn that potential into reality. Therefore, I suggest the Zambian government to consider its long-term policies and incentives for this kind of investment,” he said.

He said Turkey believed in transparency at all levels of the Government and a liberal market and full market liberalization together with complete transparency to attract more foreign investment.

Meanwhile, Ambassador Arda said Turkish programmes in Zambia were mostly concentrated on capacity building through the sharing of experiences that Zambia had accumulated in years with its partners in development.

“We sincerely believe in education and training/capacity building, therefore instead of assigning a particular budget for certain projects, we invest in human resources and expect them to train others,

“In other words, give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime. We aim for the second one,” he said.

Ambassador Adar also said that at the end of this month, Turkey would be assisting in the training of the Zambian Tourism Grade Assessors in Lusaka.

There were currently some other local development projects in the pipeline throughout the country pending consideration.

 

Categorized | Business

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