Zambia’s Chief Investment Officer, President Hakainde Hichilema vowed to cutting business red tape on the sidelines of the Mining Indaba in Cape Town.
“We want to unlock everything that stands in the way of growth. Agriculture conditions are strong and we want to be a production center and hub.” Hakainde Hichilema said. The Southern African nations head of state pledged to forge ahead with economic transformation. This was at a IA Connect Mining Series on May 11.
Outlining plans to cut red tape to delegates, the pro-business leader promised, “If a law is a constraint, we will amend it,” he said.
Zambia, Africa’s red metal producer continues to stabilize its economy as it seeks to attract foreign investment. Ongoing negotiations on debt restructuring with the Washington based Iender the International Monetary Fund (IMF) are key to those efforts. The copper producer is on the cusp of a fiscal turnaround following China’s decision to join Zambia’s creditor club under the G20 common framework.
The Kwacha Arbitrageur.