IN the past few months, there has been uncertainty in the economy and there were fears that Zambia might lose the gains that have been achieved so far.

The Kwacha strength against convertible currencies declined, copper prices tumbled on the international market, inflation began to rise and it generally appeared as if investors were withholding their funds because of the global financial crunch.

It is therefore a good sign of confidence building that Lumwana which is one of the largest investors in Zambia has restated that they will continue with the development plans of the mines despite the decline in copper prices.

Lumwana Mine deserve commendation because it shows they are committed investors and despite the decline in copper prices on the world market, they are willing to weather the storm.

Many business commentators had anticipated that with the global financial problems and low copper prices, Lumwana, which sources investment funds from the international capital markets, would probably scale down its investment.

It is a confidence booster that Lumwana will continue although like any prudent players, will proceed with caution.

The other encouraging news also comes from another mining investor in Luanshya which had said that it will resume development of the Muliashi project which it had temporarily suspended.

Luanshya Copper Mine (LCM) management says that development of the project will begin in January next year and despite the apparent set backs, alternative measures will be put in place to ensure that the project continues.

Both these decisions coming during the period of uncertainty shows that there is still investor confidence in the Zambian economy and what is further reassuring is new Finance Minister, Situmbeko Musokotwane's vision.

Dr Musokotwane has promised to continue taking measures that have seen the growth in the economy and also take steps to cushion the impact of the international financial problems in next year's Budget.

Hopefully, the rise in food prices will be reigned in so that inflation still remains within manageable levels.

It is also hoped that the Citizens Economic Empowerment Fund (CEEF) will soon begin to bear fruit that those who will benefit will engage in productive ventures.

With the consistency in investment policies and continued support from foreign investors who have already given thumbs up to the new administration, there is hope that Zambia will ride the tide and continue on its path to economic growth.