Saturday, February 22, 2014

PF has created 350,000 jobs - Sata
By Masuzyo Chakwe
Sat 30 Nov. 2013, 14:01 CAT

PRESIDENT Michael Sata says more than 350,000 jobs have been created from 2011 to November 2013. He said yesterday that the government would continue exploiting advantages in labour and natural resources, and actively developing labour-intensive industries and enterprises that have huge employment capacity.

"The total number of jobs created from 2011 to November 2013 is 354,508 as follows: tourism and arts 218, 344, service 55, 885, electricity gas and water 28, 618, construction 15, 091, education 10, 099, finance and banking 9, 477, community social and personal 4, 998, health 3, 030, agriculture forestry and fishing, 3, 153, transport and communication 2, 725 and others 3, 088," President Sata said.

President Sata reiterated the government's commitment to maintaining macroeconomic stability and addressing the cost of doing business in order to accelerate overall economic growth of our country.

He said the notable increase in Foreign Direct Investment (FDI) inflows reflects renewed investor confidence in the Zambian economy and stronger investments profitability prospects.

President Sata says FDI is critical to the continued growth of the economy, poverty reduction and employment creation.

"...as of November 2013, investment pledges were valued at over US$5 billion, whilst foreign direct investment (FDI) inflows in 2012 grew by 56.2 per cent to US$1.7 billion, from US$1.1 billion recorded in 2011, driven largely by investments in mining, manufacturing, construction and the wholesale and retail trade sectors," President Sata said in a statement issued by his special assistant for press and public relations George Chellah.

"Furthermore, as of November 2013, non-traditional exports (NTEs) were valued at over US$3 billion whilst for the period 2012 NTEs increased to over US$2.8 billion compared to US$1.8 billion in 2011."



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