Government keen to promote value addition
PRESIDENT Edgar Lungu says his Government is determined to move Zambia from a producer of primary products to producer of finished products through promotion of value addition. And President Lungu said it was Government's policy to continuously engage and support private sector growth with a view to encouraging investment in the economy. Speaking during the official opening of the 2018 Central Province Investment Forum and Expo at Mulungushi University yesterday, President Lungu said he was confident that the economic outlook of the province would certainly be transformed for the benefit of Zambia. Mr Lungu who toured the stands said he was encouraged to learn that some companies were already adding value to various primary products. He said if Zambia was to accelerate investment and achieve sustainable development, it should not be business as usual stressing that it was important for Provincial administrations to take bold decisions aimed at stirring investment. President Lungu expressed happiness the successful hosting of Luapula and Central Province Expos was an indication that the country was moving in the right direction in its quest to boost the economy. Mr Lungu also said it was Government's policy to continuously engaged and support private sector growth with a view to encouraging investment in the economy of the country. "We have a mammoth task to deliver development to our people. In this regard, I wish to extend my invitation to the private sector to walk with us in our development journey," he said. Mr Lungu said his Government was resolved to promoting business growth and was ready to work with local and international investors to develop Zambia for the good of everyone. He highlighted some of the investment opportunities that Central province offered as agriculture hub, including tourism, mining and energy among others. Mr Lungu explained that to facilitate investment in the agriculture sector in the region, Government was developing farm blocks, constructing dams and livestock breeding centres. He disclosed that Mount Meru had invested $50 million in a value addition company in the province which is producing cooking oil. President Lungu said the investment by Mount Meru had created 750 jobs and that 2,500 farmers had been engaged under its out-grower scheme. He however said he was aware of the challenges that business houses faced with regard to investing in Zambia but assured them that Government was doing everything possible to encourage investment. He called on all investors to take advantage of the investment forum and expo to exploit the available opportunities and invest in Central Province and Zambia at large. And speaking earlier Luapula Province Minister Nickson Chilangwa thanked his counterpart Central Province Minister Sydney Mushanga for successfully hosting the investment forum and expo.
First Lady Esther Lungu talks to Nchelenge Primary School pupil Jennifer Musonda, who had challenges with school fees and was found selling merchandize at Nchelenge Market . The First Lady has paid for her during an Outreach Programme to mentor the girl-child and empower women in Nchelenge, on Friday,