Mulenga woes Investors

Commerce CHIPOKA MULENGA has called on the Japanese business community to consider Zambia as an investment destination of choice for a vehicle and parts assembly.

Mr MULENGA says Zambia is centrally located with access to SADC, COMESA and other markets on the continent.

He said this during the Japan-Zambia investment promotion webinar marking the 60th anniversary of the establishment of diplomatic relations.

Mr MULENGA says the task of transforming the Zambian economy remains government’s top priority and acknowledged the role of collaborations with strategic partners such as Japan.

He explains that government’s current policy direction is to accelerate the creation of a diversified and resilient economy driven by value addition to raw materials.

He says other sectors open for investment and trade include agriculture and agro processing, mining and mineral processing as well as the Electric Vehicle Battery value chain.

And Zambia’s Ambassador to Japan Dr. TOBIAS MULIMBIKA has underscored the importance of the Japan’s resolve to revise its mineral resources diplomacy and identifying Zambia as a strategic partner.

Meanwhile, Zambia Development Agency Director General ALBERT HALWAMPA says Zambia has investment opportunities in the Electric Vehicle market.

The investment promotion webinar was organized by the United Nations Industrial Development Organization (UNIDO), the Embassy of the Republic of Zambia in Tokyo and the Embassy of Japan in Zambia.

This is according to a statement issued to ZNBC by First Secretary, Press and Public Relations, at the Zambia Embassy in Japan , FAITH CHILUBE.