2016 year of promise for Zambia’s economy

THE 2016 economic indicators are promising because of the lessons learned during the previous difficult year, says North-West Federation of Business Development president Mukumbi Kafuta.

Mr Kafuta was optimist that a lot could be achieved provided there was total change of approach in the way things were done for the country to be on the right economic path.

He said Government should devise mechanisms in which all economic statistics would be captured starting with small-scale farmers.

The process should then be extended to products by artisans in the informal sector, small-scale industrial products such as clothing, and many others by SMEs.

He said there was hope that the Zambia’s economy would be bright in 2016 because the economic players were aware and could put in place measures that worked for the benefit of the country.

Mr Kafuta said 2016 was one of solutions and needed a total change of approach and attitude by Government and other economic players to ensure that all sectors of the economy were given opportunities to thrive and create wealth.

He said there would be need to actualize economic diversification to get rid of copper dependency.

Mr Kafuta said certain policies should be adjusted to allow indigenous businesses to meaningfully participate in the supply chain to all foreign multinational corporations as a way of maximizing wealth creation and retention into the economy. “For instance, why should we have foreign companies providing services such as cleaning, security, transportation and provision of work wear when we have our own well able suppliers and service providers; it has to start with the local people,” he said.

Mr Kafuta said the Government should start taking an interest in such matters to bring sanity and ownership of the economy by Zambians, who would not runaway even if things were not working according to plan.

Categorized | Business

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