By Nation Reporter
ZAMBIA’s economy is likely to start performing better after next month’s general elections, says Private Sector Development Association (PSDA) chairperson Yusuf Dodia.
Mr Dodia said most investors were holding on to their investment because of the anxieties the August 11 elections had created among them.
“The Zambian economy is likely to perform better after next month’s general elections. As for now, there are anxieties among investors as they are waiting to see what happens after the general elections,” he said.
Mr Dodia said Zambia’s economy had not performed too well in the first half of 2016 because of the same general elections.
“The investors wanted to make sure that when they invest, their investment is safe. They will prefer to wait until after the elections for them to really invest in a very concrete way,” he said.
Mr. Dodia said he was confident that Zambia’s economy would be stronger after the elections considering that both local and foreign investors would invest in various sectors.
He said an election year was always unpredictable and that was why investors held on to their money because politicians were making a whole raft of conflicting statements about the country’s economy.
He said investors wanted to wait and find out who would be managing the country’s economy after August rather than risking it now.
He said the Zambian economy needed a stable business environment to continue distributing positive growth.