20 November 2012

Zambia: Veep Woos Investors

ZAMBIA offers great investment opportunities that have made world investors to invest in Zambia, Vice-President Guy Scott has said.

Dr Scott said Zambia was a hub in the sub-region which offered great investment opportunities to local and foreign investors.

He urged the Regional Centre for Mapping of Resources for Development (RCMRD) to play a role to encourage business networking, among respective countries.

Dr Scott said this in Livingstone yesterday in a speech read for him by Lands, Natural Resources and Environment Minister, Wilbur Simuusa during the opening of the 8th Conference of Ministers and 46th Meeting of the Governing Council of the RCMRD.

RCMRD is an inter-governmental organisation which currently has contracting member States in the Eastern and Southern African regions namely Botswana, Burundi, Comoros, Ethiopia, Kenya, Lesotho, Malawi, Mauritius, Namibia, Rwanda, Seychelles, Somali, South Africa, Sudan, Swaziland, Tanzania, Uganda and Zambia.

It was established in 1975 under the auspices of the United Nations Economic Commission for Africa (UNECA) and the then Organisation of African Unity (OAU).

Dr Scott said Zambia, like many other developing countries, was in dire need of proper management of the use and development of its land resources in order to promote development.

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