POST HARVEST Challenges in Zambia

Reforms bring $3.4bn inflows into Zambia

By Maimbolwa Mulikelela 

Current business reforms being undertaken by the Zambian Government have led to attraction of investment inflows amounting to US$3.4 billion from January to October 2010, exceeding the targeted US$3 billion for the whole year. 
Commerce, Trade and Industry Minister Felix Mutati said the $3.4 billion worth of investments in various sectors of the economy has come because of the improved investment climate and stability in major macroeconomic indicators arising from prudent economic management and business reforms.
Last year, Zambia recorded in excess of US$1.8 billion worth of investments with the manufacturing sector leading in terms of investment recorded which exceeded $580 million.
In an interview in Lusaka yesterday, Mr Mutati said in terms of foreign direct investment (FDI) for the period under review, Zambia registered $3 billion. 

Good old days in Zambia

STATE WON'T SELL ZCCM-IH SHARES

^{BY Maimbolwa Mulikelela}

^{The Government will not sell off some of its 87.6 per cent shares in Zambia Consolidated Copper Mines Investment Holdings (ZCCM-IH) because such a move would not benefit Zambians.}

^{Finance and National Planning Minister Ng’andu Magande said contrary to some suggestions from stakeholders within the sector, the Government had no intention of selling part of its shares in ZCCM-IH.}