Zambia News

President Lungu urges diplomats to help market Zambia to the rest of the World

President Lungu has asked diplomats accredited to Zambia to help market and woo investments into the country to help Zambia achieve her 2030 vision of being a prosperous middle-income country.

President Lungu said Zambia would greatly benefit if the diplomatic community enhances their efforts in encouraging more trade and investments between their countries and Zambia.

President Lungu and Diplomats

The president said Zambia is keen to diversify the economy from copper mining dependency to agriculture in line with the country’s 7NDP and investments from overseas will help promote diversification, value addition and job creation.

President Lungu said this when he met diplomats accredited to Zambia as well as international development cooperation and aid agencies during the annual greeting of the diplomatic corps at State House in Lusaka.

The Head of State said Zambia’s economy performed favourably in 2018 when it registered a 4 per cent growth with a relatively stable exchange rate and single digit inflation.

The president attributed the sound economic performance and growth to favourable copper prices for the increased copper production which exceeded 800,000 metric tonnes in 2018 compared to 786,000 in 2017.

He said this was supported by positive performance in the manufacturing, construction, tourism sectors and the stable electricity generation and supply.

President Lungu said the government will continue to support private sector development by responding to the needs of the industry in order to spur private sector-led growth and industrialization.

The president who described Zambia’s 2018 international engagements as successful said the country values the bilateral, regional and multilateral relations it has with all countries and organisations represented in Zambia as they play a significant role in the country’s socio-economic development.

President Lungu thanked the donor community for providing technical and financial support towards the completion of developmental projects that are benefiting millions of Zambians.

He expressed optimism that the soon to be launched Zambia Economic Diplomacy Forum will help facilitate the exchange of ideas and promote networking between government, the diplomatic community and private sector to deepen mutually beneficial interests.

President Lungu urged diplomats to facilitate for their countries participation in the provincial economic expositions government has introduced to showcase the existing potential aimed at wooing investments, tourism and creating jobs and wealth in the various regions across the country.

He said Luapula, Central and Northern provinces have held expositions and urged the diplomats to facilitate their countries participation at the planned investment forums by the other remaining seven provinces.

President Lungu bemoaned the continued impact of climate change on the globe and pledged commitment to the United Nations Framework Convention on Climate Change (UNFCCC) Paris agreement which he said has been integrated in the national policy on climate change.

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