Govt pledges protection of foreign investments
Published On March 1, 2018 » 1860 Views» By Evans Musenya Manda » Latest News, Stories
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By STEPHANIE KUNDA –
THE Government has pledged continued protection of foreign investment as it continues playing a key role in bringing in Foreign Direct Investment (FDI) and boosting job creation.
Copperbelt Permanent Secretary Bright Nundwe said the province, just like other regions of the country has recorded an increase in FDIs which has also resulted in the creation of jobs for Zambian youths.
“It is against this backdrop that Government through the provincial administration will continue providing an enabling environment that will support the growth of foreign investment,” he said.
Mr Nundwe said when he visited Global Industries in Ndola that, he would not entertain any company to exploit Zambian workers.
He said he was impressed with the state-of-the-art-machinery which the edible oil and soya cake manufacturing company had invested in.
Global Industries Limited chief executive officer Malolan Sampath said his company would continue to exploit all available avenues and opportunities that would not only result in the company’s growth but also add value to the local economy.
He said because of the latest technology the company had invested in, Global Industries was now able to export around 14,000 tonnes of soya cake to countries within the Common Market for Eastern and Southern African region.
Mr Sampath said with such an enabling environment coupled with favorable weather conditions the country was endowed with, Zambia had the capacity to reach to one million tonnes of soya beans from the current 350,000 tonnes per annum.

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