THE entry of United Kingdom companies into the Zambian market and establishment of the British Chamber of Commerce will help create business linkages between the UK and Zambia, says the Lord Mayor of the City of London, Jeffrey Mountevans.
The Lord Mayor said the interaction with the British Chamber of Commerce would present him and his delegation with an opportunity to get a better understanding of the business environment in Zambia.
“Leading UK companies like Standard Chartered already have an established presence in Zambia, and a UK trade and investment office opened in Lusaka in September 2014, followed a few months later by the launching of the British Chamber of Commerce.
“So both of these new resources should help to create more precious business links,” he said.
He said there existed so many more opportunities for the UK to explore in sectors like renewables, agriculture, healthcare and education, training and qualification.
He said the chamber’s core objective was to promote trade and commercial relations between Zambia and the UK.
And Standard Chartered Bank Zambia CEO Andrew Okai said such fora served to enhance trade promotion between Zambia and the UK, adding that his bank was proud to be one of the founding members of the British Chamber of Commerce in Zambia.
Mr Okai said the Lord Mayor visited Zambia at an opportune time when positive measures were being made to diversify the economy, and that Zambia remained an attractive destination for foreign investment.
“While 2015 was a challenging year for both the global and local economy, Standard Chartered is confident that economic recovery and growth will return, because Zambia had been an attractive destination for investment,” he said.
The British Chamber of Commerce (BCC) is an independent, not-for-profit organization incorporated in Zambia in August 2014, and its membership is open to British, Zambian and international companies with a common interest in developing business in the UK and Zambia, as well as to other organizations and individuals.