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(LUSAKATIMES) Zambia is not getting anything from its resources, Bob Sichinga

Zambia is not getting anything from its resources, Bob Sichinga
Tuesday, April 20, 2010, 14:25

Lusaka Business and political consultant Bob Sichinga has castigated the government’s attitude towards foreign investment. Mr. Sichinga says that the investment in the country has failed to match to the specific objectives that the country has. Mr. Sichinga has strongly called for the review of the investments in a way that it can benefit the majority Zambians.

Mr. Sichinga said that government has failed to implement the investing programmes adequately, describing it as unfortunate. Speaking on Qfm’s Monday Night Live last evening, Mr. Sichinga said that government has been too lenient to get enough taxes to come back into the national systems.

But Mr. Sichinga said that if investment is not being translated into the creation of the wealth, then it is not worth celebrating.He further charged that the Zambia is not getting anything from its resources all in the name of the investment. He said that it is important that the country maintains a type of investment that generates employment and adds value to the general growth of the economy.

He said that the government should be fair in distribution of wealth for the benefit of the country.

And Mr. Sichinga has doubted governments continued support of Chinese investment saying that the value is not being visibly seen.
Last week, Finance and National Planning Minister Situmbeko Musokotwane said Chinese Investment in the country has helped the country attract other investors from bigger economies.

Dr. Musokotwane urged politicians to avoid politicizing Chinese investment because it is helping the country in bringing in more investment into the country. But Mr. Sichinga said that if investment is not being translated into the creation of the wealth, then it is not worth celebrating.

Labels: FDI, MMD, NEOCOLONIALISM, NEOLIBERALISM, ROBERT SICHINGA

posted by MrK @ 3:44 AM