Maravi

SADC diplomats laud Sata on investment, economic policies
By Misheck Wangwe in Kitwe
Wed 02 Oct. 2013, 14:00 CAT

SADC region chairperson for Ambassadors and High Commissioners David Bandawe says President Michael Sata's government has performed exceptionally well in attracting Foreign Direct Investment (FDI) for the benefit of many Zambians.

Speaking when he led High Commissioners and Ambassadors from the Southern Africa Development Community (SADC) that toured the Chambishi Multi-facility Economic Zone (MFEZ), Bandawe who is also Malawian High Commissioner to Zambia said the country's sound economic and foreign investment policy was inspiring.

Bandawe said the rate at which the country was moving in terms of economic and infrastructure development spoke volumes of the commitment of the Zambian government to the introduction of attractive policies for both international and local investors in the country.

Bandawe said the infrastructure development going on at the MFEZ where the Zambian government had partnered with the Chinese government was impressive and good for a developing country. He said Africa still needed China in the development of the African communities.

"This is impressive and I believe we still need China in the development of our African communities and continent," he said.
Bandawe said it was gratifying that MFEZ was creating job opportunities for many Zambian people and reducing poverty in communities.

He said economic zones were also enhancing economic activities thereby reducing the levels of poverty. Bandawe appealed to Chambishi residents to protect the infrastructure by avoiding vandalism adding that such investment would significantly improve their living standards.

And planning and investment promotions supervisor at the Chambishi MFEZ Cai Jian said there were 27 companies currently operating at the zone.

Cai said the company had so far invested over $140 million and that a lot of local jobs had been created.

She said the MFEZ was open to international and local investors that would want to run businesses from the premises.

Labels: DAVID BANDAWE, MICHAEL SATA, SADC

posted by MrK @ 2:10 PM