PRESIDENTIAL SPEECH MR. SPEAKER, GOVERNMENT IS KEEN TO RAISE THE RATE OF INVESTMENT IN THE ECONOMY. IN THE LAST THREE YEARS, GOVERNMENT ATTRACTED A TOTAL OF 5.2 BILLION UNITED STATES DOLLARS IN FOREIGN DIRECT INVESTMENT. THIS IS A CLEAR INDICATION THAT OUR COUNTRY IS AN ATTRACTIVE INVESTMENT DESTINATION. GOVERNMENT WILL, THEREFORE, CONTINUE TO IMPROVE THE BUSINESS ENVIRONMENT AIMED AT ATTRACTING MORE INVESTMENTS INTO THE COUNTRY. MR. SPEAKER, GOVERNMENT HAS FINALLY ESTABLISHED THE INDUSTRIAL DEVELOPMENT CORPORATION TO OVERSEE AND MANAGE THE STATE-OWNED ENTERPRISES, AS WELL AS COMPLEMENT PRIVATE SECTOR INVESTMENT IN STRATEGIC AREAS. GOVERNMENT HAS ALSO BEEN RECAPITALIZING A NUMBER OF STATE OWNED ENTERPRISES FOR THEM TO RUN ON A COMMERCIAL BASIS AND CONTRIBUTE TO THE TREASURY. THE STATE OWNED ENTERPRISES RECAPITALISED SO FAR INCLUDE NATIONAL SAVINGS AND CREDIT BANK, ZAMBIA CONSOLIDATED COPPER MINES INVESTMENT HOLDINGS, ZAMBIA NATIONAL BUILDING SOCIETY, ZAMBIA RAILWAYS LIMITED AND NITROGEN CHEMICALS OF ZAMBIA. I WISH TO DIRECT THE SECRETARY TO THE CABINET TO OPERATIONALISE THE CORPORATION AND ENSURE THAT STATE OWNED ENTERPRISES LIST ON THE STOCK EXCHANGE TO IMPROVE THEIR OPERATIONS AND CAPITAL BASE
Posted on: Fri, 19 Sep 2014 11:32:02 +0000
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