The Zambian government has said it would revise the regulatory and policy frameworks to make them more responsive towards creating a viable business environment to attract more investment.
Minister of Commerce, Trade and Industry Christopher Yaluma said this, adding that attracting more investment will only be achieved through facilitating the creation of an attractive and competitive investment’s incentives.
He added that the incentives structure will promote both local and foreign investment.
Speaking during an Investment Symposium held under the theme “Business Climate for Reinvestment’’, the Zambian minister said the government was committed towards creating and improving the business environment.
Yaluma said that the steps taken would attract investments and promote the growth of various businesses.
According to him, the implementation of the national industrial policy, national investment promotion strategy and the national trade policy and export strategy were some of the initiatives undertaken by the government to promote a positive investment environment.
Mary Ncube, Chairperson of the Zambia Development Agency (ZDA), the country’s investment agency, which organised the symposium, said well-structured and directed investment environment has potential to enhance economic development.
She further expressed optimism that Zambia was on track towards achieving a sound investment environment on the global market.
