Zambia needs technological assistance, according to President HAKAINDE HICHILEMA, to chart its mineral riches.
Only 50% of Zambia’s mineral resources, according to President HICHILEMA, have currently been mapped.
He claims that by mapping the nation’s resources, potential investors will face less risks because they will be aware of what is beneath the surface before making investments.
When the President and US Under Secretary for International Trade MARISA LAGO met at the White House today, the President was in conversation.
Additionally, talks to establish a commercial memorandum of understanding between Zambia and the United States of America have begun in order to find business prospects between the two nations.
Zambia aims to be one of the select few African nations with a commercial trade agreement with the United States, according to President HICHILEMA.]
He declared that the bloated bureaucracy that slows down operations and eventually raises corporate costs will be addressed by his government.
Additionally, the agreement will promote reforms and raise investor understanding of common economic interests, according to the US Under Secretary for International Trade.
According to Ms. LAGO, this will boost economic growth and create jobs, positioning Zambia and America for prosperity.
She promised to consult with the business community and the Department of Commerce to determine how to best promote American companies.