Zambia poised for economic boom-envoy

Wed, 14 Feb 2018 10:02:37 +0000


ZAMBIA is poised for an economic boom given the interest that the country is attracting as the preferred investment of choice, Chargé d’ Affaires at the Zambian Mission in Turkey, Bwalya Nondo has said.

He said it was important to harness the rich natural resources that Zambia was endowed with through setting up of manufacturing industries.

Mr Nondo was speaking on the sidelines with a high-level business delegation from Turkey representing a cross-section of industrial and commercial establishments, expected in Zambia to explore investment and business opportunities next month.

The delegation under the umbrella of the Turkey-Zambia Business Council, led by Turkey’s Deputy Minister of Economy, Fatih Metin will be in Zambia

Mr Nondo who conferred with Turkey-Zambia Business Council chairperson, Esra Cevahir in Turkey, highlighted agriculture, energy, construction , tourism, manufacturing and mining as some of the sectors in which the delegation is interested.

He said leveraging investment opportunities in these areas will set the pillars of economic development as spelt out in the Seventh National Development Plan (7NDP) into motion to give impetus to the realization of the Vision 2030.

Mr Nondo said attracting Foreign Direct Investment (FDI) into the country would have a multiplier effect and contribute to technology advancement and employment creation.

Mr Nondo noted that the Turkey-Zambia Business Council would also enable Zambia enhance export of non-traditional product as part of product export diversification to boost economic growth.

The Turkey-Zambia Business Council was established last year as a brainchild of the Foreign Economic Relations Board of Turkey.

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