Zambia’s economy fine – Kapita

ZAMBIA’s economy is still attractive despite the local currency performing badly against major international convertibles currencies, Patriotic Front member of the central committee Richard Kapita has said.

Commenting on a delegation of 17 German companies which have visited Zambia and shown interest in investing in the country in various sectors of the economy, Mr. Kapita said Zambia’s economy was still vibrant, attractive and would soon progress amid global economic challenges.

He said the powerful 17- man delegation could not come to Zambia to explore for opportunities in some critical sectors such as energy, agriculture, manufacturing, water development, information and technology and E-governance among others if the country was not stable or unattractive.

“Zambia is attracting such serious investors or businessmen because of the sound leadership being provided by President Edgar Lungu. Even people peddling lies to dent the image of this country both locally and internationally have benefited from his sound leadership as they remain in operation,” said Mr. Kapita.

He said the poor performance of the Kwacha had not stopped the country’s economy to attract serious foreign investments.

Mr. Kapita said the PF Government was determined to distribute the country’s economic development equally, starting with the construction of new roads which have since opened other areas for investment.

He said the PF Government had an agenda of reducing the high levels of poverty which were created by selfish politicians.

“The Government is working towards increasing its developmental processes by attracting both foreign and local investments and it is my wish that the route President Lungu has taken is not disturbed at all cost.

The former UPND vice president for administration said even people who were criticizing him had benefited from President Lungu’s leadership, adding that the opening of new roads and the creation of new districts had given people an opportunity to diversify the economy.

“Just look at the people from German who visited the country a few days ago, they are here to explore investment opportunities in critical areas of the economy such as energy, agriculture and manufacturing.

‘‘If these sectors I have mentioned were taken care of, Zambia will deal with the issue of joblessness and unemployment. Poverty will also be done away with. But such investments need support from the locals first by supporting the leadership,” said Mr. Kapita.

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