2 January 2013

Zambia: Kabwe in Economic Awakening

THE continuous attraction of investment into Kabwe is an indication that the former mining town has been awakened and is headed for economic boom Kabwe Central Member of Parliament James Kapyanga has said Mr Kapyanga said the recent opening up of the business companies like Budget Stores in the area is a sign the town is headed for economic growth.

Mr Kapyanga said the development is an indication that Kabwe has a potential to contribute positively to the economic development of the country through job creation.

In an interview in Kabwe, Mr Kapyanga said that the town saw various activities in construction and other industries and was confident that the status of the town will change.

He said Budget Stores has employed more than 20 young people and that is one way of addressing unemployment.

He said as a lawmaker, he would continue to lobby companies to invest in the town saying he is happy that Investrust Bank has also shown interest in setting up a branch in Kabwe.

Mr Kapyanga said Kabwe has potential to grow economically despite the closure of the mine which led to the workers being laid off while the area was being referred as a ghost town.

He added that once the roads are worked on the town would attract more investors as a result of a good road network which is key to the development of any economy.

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