Maravi

(LUSAKATIMES) Don’t frustrate investors,Mutati tells Zambians

Don’t frustrate investors,Mutati tells Zambians
Wednesday, May 26, 2010, 16:20

Commerce,Trade and Industry Minister Felix Mutati has urged Zambians not to frustrate investors coming into the country

Mr. Mutati said government has worked hard to bring investors in the country warning that if frustrated investors can leave the country for other countries.

He also noted that there is need to address the bureaucracy that seems to be having a negative impact on investment. Mr. Mutati pointed out that certain government ministries should ensure that bureaucratic tendencies that surround investment are well sorted out.

Speaking in Lusaka this morning when he met a Japanese business delegation, Mr. Mutati states that government would keep on working hard to attract more investment into the country for the benefit of the Zambians.

Mr. Mutati has since thanked Japan for choosing Zambia to explore investment
opportunities in the various sectors.

He said Japanese investment would further attract other countries to invest in Zambia because of its global dominance.

Mr Mutati said government welcomes such investment because it is aimed at creating jobs for Zambians.

And Japanese ambassador to Zambia Hideto Mitamura has praised Zambia’s steady progress in economic growth.

Mr. Mitamura said Japan remains committed to help Zambia to attract investment from Japan.

He has further praised Zambia for the way it managed the effects of the global economic downturn last year.

And Japanese business delegation leader George Hara said the team is in the country to help contribute to infrastructure development.

He noted that once settled, the business delegation will help the country achieve economic growth.

[QFM]

Labels: FDI, FELIX MUTATI, JAPAN, NEOCOLONIALISM

posted by MrK @ 8:24 PM