Zambia’s Finance and National Planning Minister, Dr. Situmbeko Musokotwane, has encouraged European countries to explore investment opportunities in Zambia’s mining and energy sectors, citing the country’s commitment to building strong international partnerships.
His remarks came after participating in the 10th Annual Delphi Economic Forum in Greece, where Zambia aimed to spotlight its evolving economic landscape and attract global investors.
“The Delphi Forum provided a valuable platform to promote investment and forge new partnerships,” said Dr. Musokotwane. “Our goal is to attract investments that spur job creation, build wealth, and improve the well-being of our citizens.”
Dr. Musokotwane identified Greece as a promising but underutilized partner in Zambia’s development, underscoring the potential for enhanced cooperation. He also stressed the importance of value addition in the mining sector, particularly regarding critical minerals, urging investors to support not only extraction but also local processing and manufacturing.
Reforms to Drive Private Sector Growth
Chipokota Mwanawasa, Presidential Policy Advisor, reinforced President Hakainde Hichilema’s dedication to expanding private sector involvement in national development. She highlighted recent reforms in both mining and energy as pivotal steps toward boosting economic growth and investor confidence.
Ms. Mwanawasa also pointed to the creation of a Presidential Delivery Unit, designed to fast-track key development initiatives, improve government service delivery, and ensure that the Zambian people see real and measurable benefits from these efforts.
The Zambian delegation to the Delphi Forum also included Presidential Economic Advisor Dr. Pamela Nakamba and senior representatives from the Ministry of Finance, reflecting the country’s strong commitment to advancing international economic dialogue and cooperation.