Zambia’s
commerce and trade Industry is unquestionably headed for massive growth in the
next years if all the local and foreign companies succeed in setting up their
investment in various parts of the country.
The United
Kingdom has is already putting up plans to bring its business men and women
into the country to set base of their respective companies.
British High
Commissioner to Zambia James Thornton says Zambia is among the many ideal
business destinations for the UK because of its favorable economic and
political environment…
Mr. Thornton
said this during the 2nd UK trade Mission business meeting held on
Thursday 13th November, 2014 in Lusaka.
Meanwhile, Government
has welcomed the plans by the British Government to set up the British Chamber
of commerce in Zambia.
Commerce,
trade and Industry Minister Robert Sichinga say there is need for more foreign
business houses to set base in Zambia.
Mr. Sichinga
was however quick to mention that Government is putting much emphasis on value
addition as it is a critical component for employment creation.
Mr. Sichinga
further indicated that Zambia has enough land that requires to be invested on
by way of setting up huge industries such as the Multi facility economic zones.
Meanwhile UK
trade and Investment Director of Investment projects Ajay Desai said Zambia has
proved to be a stable nation for investment by UK companies.
The commerce
industry in Zambia has steadily grown over the years; however, one particular
component that has been more of a hindrance to an excessive growth is the
exportation of raw materials.
It is probably
the reason why government is insisting in value addition as a way of improving
the revenue base for the country.
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