Zambian leader assures investors safety of their investment

Source: Xinhua| 2018-10-17 00:46:32|Editor: Mu Xuequan
Video PlayerClose

LUSAKA, Oct. 16 (Xinhua) -- Zambian President Edgar Lungu on Tuesday assured foreign investors of the safety of their investments and that they should not be swayed by negative sentiments being portrayed in some media about the country's economy.

Zambia, he said, was ready to receive investors from any part of the word, adding that the government's management of the economy and public finances was based on laid-down systems and guided by sound fundamentals.

The Zambian leader said the country's enemies have embarked on a campaign to undermine the economy and malign it in order to create uncertainties among investors.

But Lungu, in remarks delivered at the official opening of new headquarters of French oil giant, Total, in Lusaka, the country's capital, urged investors to ignore the critics as they were only interested in undermining the economy.

According to him, there were some publications that were sponsored by the government's enemies to dent the country's economic position to the outside world.

"We shall see off all these lies and innuendos. Let me take this opportunity to assure all other investors that Zambia is open, safe and ready to receive any investor from any part of the world," he said.

The Zambian leader further expressed gratitude that the French oil giant had continued to invest in the country, especially in the energy sector where it has invested over 30 million U.S. dollars in the last three years to expand and modernize its facilities.

Pierre Yves-Sachet, the chairman of the French firm assured Lungu of the company's continued investment in Zambia.