Presidential petition has negative effect on economy-PAC

THE presidential petition before the Constitutional Court has a negative effect on the economy as investors and businessmen cannot make major investment decisions until the matter is concluded, says People’s Alliance for Change president Andyford Banda (PAC).

In an interview yesterday Mr Banda, appealed for calm and unity in the country and urged the general citizenry to give the Constitutional Court an opportunity to deliberate on the presidential petition and prove their credibility.

He observed that local and foreign investors had halted some of their investments owing to the presidential petition stating that businessmen were sceptical with the outcome of the matter as it had a bearing on their business and were weighing in various risk factors such as political stability.

“The presidential petition before the Constitutional Court has a negative effect on our economy as most businessmen and investors have not made major investment decisions as they are sceptical of the outcome hence halting the development of the country.

Investors and businessmen alike weigh in risk factors whether on spates of violence or political uncertainty. As PAC we call on citizens to be calm and be united as we wait for the outcome of the petition because we are one people who should co-exist and refrain from all acts of political violence as such things scare away investors, “he said.

Categorized | Court News

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