Value addition vital – Mwanakatwe


By Nation Reporter

VALUE addition to raw materials is one of the drivers of the economic growth and ultimately can facilitate and promote the diversification of Zambia’s economy, says Margaret Mwanakatwe.

Minister of Commerce, Trade and Industry Margaret Mwanakatwe said the global economy was under pressure and Zambia had not been spared because of lower copper prices and electricity outages which compounded the situation.

She was speaking at the ongoing Zambia International Trade Fair (ZITF) in Ndola yesterday.

Mrs Mwanakatwe said the Government was working tirelessly to mitigate the current economic challenges.

She said the Government had deliberately put in place measures to reverse macro-economic setbacks.

Mrs Mwanakatwe said Government had embarked on various reforms that included value addition as critical to attaining sustainable development.

She said the establishment of the reserve schemes in poultry production, domestic haulage and block making were intended to achieve a similar objective of citizen empowerment.

‘My ministry has embarked on a number of programmes and projects aimed at promoting value addition to locally produced goods,” she said.

Ms Mwanakatwe said her ministry had endeavoured to spearhead the important assignment of the development policy. She said in the Southern African region, government was determined to facilitate trade and support the facilitation programmes such as the Nacala-Walvis Bay-Lobito and the North-South Corridors.

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