President Mwanawasa has urged the G8 most industrialised countries to come up with legal measures that will make it difficult for corrupt leaders from the third world to hide their stolen money in developed countries.
Mr Mwanawasa has also called on the G8 countries to simplify the process of
recovering such monies by the aggrieved governments.
In his address to the ‘Africa Business Forum 2007’ in London today, President
Mwanawasa said developing countries cannot afford a situation where the much needed
aid from developed countries goes back there in the personal accounts of corrupt
leaders.
‘We cannot be receiving aid and the same aid goes back through corruption, so we
hope you can help us repatriate this money”, he said.
Mr. Mwanawasa pointed out that the money is needed to deliver quality education,
health, clean water and many other services to improve the living standards of the
people.
President Mwanawasa also said the active participation of the private sector is
central to the economic emancipation of Zambia and the rest of the countries on the
African continent.
He pointed out that the need for aid diminishes and eventually becomes irrelevant if
the private sector becomes strong.
It is in this regard that his administration is endeavouring to create a friendly
investment climate through the implementation of the private sector development
programme (PSD) in a bid to remove various obstacles to doing business.
Mr. Mwanawasa explained that the PSD programme covers areas such as software
improvement and the creation of a regulatory framework to facilitate private sector
participation in infrastructure development through public-private partnerships
(PPPS).
The framework would also cut down on the time required to register a company,
customs and other formalities.
President Mwanawasa added that the move would also rationalise licence requirements
and generally change laws and regulations that choke private sector initiatives.
He said in many cases, the envisaged improvements would be established through the
application of Information Technology, ICT, backed by client charters which define
the minimum acceptable standards of delivery of public services in support of the
private sector.
Â
Mr. Mwanawasa said in addition, government was also creating conducive business
environments through targeted infrastructure development in specially designated
areas dubbed Multi Facility Economic Zones.
He pointed out that companies operating in the special economic zones will not only
benefit from world class physical environment but will also benefit from excellent
tax incentives and a world class regulatory environment.
President Mwanawasa invited the business community to explore the abundant
investment opportunities that Zambia offers through facilities.
He pointed out that as a result of the good business environment, Zambia has
attracted significant investment in the past few years that has seen huge investment
in mining, agriculture and other sectors.
Mr. Mwanawasa however pointed out that business cannot thrive in the midst of
corruption.
He said it is in this light that his administration has taken practical steps by
prosecuting people who are suspected to have participated in corruption and theft of
public resources.
Mr. Mwanawasa said punishment of corrupt persons is only one tool in the fight
against corruption adding that another important part of the arsenal should deal
with removing the incentives for corrupt activities to thrive.
” I say so because quite often, it is unreasonable rules and work procedures in the
public service that create fertile ground for corruption as business people try to
find ways and means of cutting corners to get things done quickly”, he said.
Mr. Mwanawasa who thanked the G8 countries, particularly Britain , for the debt
relief so far received has since urged the grouping to meet the commitments made
during the 2005 G8 summit.
President Mwanawasa also held private talks with his Ugandan counterpart Yoweri
Museveni.
Addressing the same gathering, Ugandan president Yoweri Museveni stressed the need
for aid in order to promote trade between Africa and developed countries.
Mr. Museveni said energy, particularly electricity and cheap transportation, such as
railway, are key to Africa’s efforts to fight poverty and better the continent’s
economic position.
He also urged western countries to encourage their companies to invest in Africa.
Speaking earlier, Commonwealth Business Council, Director General and Chief
Executive Officer Dr. Mohan Kaul said small and medium enterprises (SMEs) are the
cornerstone of economic development hence the need to channel more resources to
thius area.
And Parliamentary Under-Secretary of State and minister for Africa Lord Triesman
said G8 countries should help Africa in a way that the continent is able to help
itself in the long-run.
He said donor dependence should be curtailed by supporting economic activities on
the African continent.
The Zambian delegation at the Forum includes foreign affairs minister Mundia
Sikatana, commerce, trade and industry minister Felix Mutati, agriculture and
cooperatives minister Ben Kapita and Zambia development agency executive director
Glynne Michelo.
The high profile Forum under the theme “Partnerships for Jobs, Growth and
Sustainable Development”, which comes on the eve of the G8 summit in Germany, is
an ongoing initiative to help business people explore trade and investment
opportunities in Africa through high level conferences.
Yes, as as representative of the G8 Summit,I must admit that Zambia really needs our help to eradicate corruption.However,we will only render our services and support if Mwanawasa dismisses Katele and Mabenga.We do not appreciate the selective prosecution of individuals.
lpm what r u doing in the uk? I guess u got more work at home than to go and talk about white man to help u get money from man chilu.. \those guys have a hard issue between states and russia to sort than u think can have time to listen to ur cry. just came home, but remember to see ur doc those ends before u get another stroke. good G8???hell no
please ba LPM its not George or Tonny to fight corruption in our country,its up to us ourselves to do something!i thought by now we are clever enough to know that the west is not the solution but ourselves nor neither are the chung chang guys who want to make profits out of cheap input NO!!!am very positive mother zed can make it better without the west!!!!!!!!
KC is spot on. Let Levy mean what he says and say what he means. Those thieves in his govt render this plea a rude joke to the zambian people.
WE AGRE WITH THE FIGHT OF CORRUPTION IN ZAMBIA.
OUR PROBLEM IS THAT IN OUR ASSOCIATION ZAAA ONLY
THE PRESIDENT OF ZAAA SIGN FOR MONEY ALONE.HE CAN
OPEN AND CLOSS THE ACCOUNT IN THE NIGHT OR IN THE
DAY . THE NATIONAL NSCZ AND THE SPORT MINISTRY
HAVE ALL THIS REPORTS.BA PRESIDENT PLEASE HERE OUT
CRY AND SEND THE ACC,DEC AND POLICE TO ZAAA.YOUR
MINISTER AND THE PS HAVE ALL THE PAPER WORK ON THIS
ASSOCIATION.WHY SHOULD THE SPORTS MINISTRY KEEP SUCH PAPERS IN THE OFFICES LIKE IF WE GAVE THEM FOR FUNNY.
THISIS ALL CORRUPTION AT THE SPORTS MINISTRY.WHY PROTECT ELIAS .
LPM is still keeping corrupt criminals (katele kalumba) in his government. I do not understand why our government is failing to implement stiffer penalties on any cases involving elected or appointed officials. His trip is a mere waste of government money? he knows what he is supposed to do!
LPM went to meet the west to tell them the truth and the bad side of them. Look there countries like Monaco, Switzerland when it comes to banking stolen money they will accept anything so long it glitters.Look where did FTJ took his monies is not in these countries.They are even keeping Chungu, Shashonga.Over Mabenga I behind I dont know what he did. Kalumba was today that the farmer of Stella very soon a verdict will hand out on him. IKS#5 you are write the whole sport ministry should be also be probed. Not only ZAAA but NSCZ, NOCZ, Some have even sent there children to games using govt funds. ZAAA is trouble they could even give loans to private indviduals.
MPONDELA SHOULD MADE TO ACCOUNT ALL THE INTER COMPANY
MONEY FOR THE PAST 8 YEARS.SINCE THE INTER COMPANY STARTED HE HAS NEVER GIVEN A REPORT TO THE ZAAA AGM AND THE MINISTRY KNOW HOW MAN ACCOUNTS ZAAA HAS.HE HAS
6 ACCOUNTS WHERE HE SIGNS ALONE. MOST OF THE MONEY GO TO PAY FOR HIS TALK TIME,WOMEN. THE SAID ZAAA OFFICES ARE HIS AND RENT IS PAID TO HIM.THE CHAP HAS NO JOB SO
ALEIBA MONEY FROM THE POOR ATHLTES.PLEASE BA PRESIDENT
WACHOLO MWIKATENI UYUKABWALALA.THISIS THE SAME MONEY WHICH HE MADE HIM THINK HE CAN RULE THIS COUNTRY.ALL THE DOLLARS FROM IAAF GO TO THAT KA SMALL BANK AT MSM BUILDING IN NKWAZI ROAD.TWACHULA WE THE POOR ATHLETES
BAKATEKA.
On ZAAA this very true,just told some one in the zaaa
executive was telling as all the money from this year’s inter company race is finshed and that Elias Mpondela can not tell the how much they made from the
race last month. He was asked why he keept the money in the account only known to him self and one chap called Mubanga Kabangu.This official told as that we have gaven this issues to the ACC,police and the sports ministry for so may times this year and nothing is being done. Mr President i think now you have to move,because well never develop the sport with people like him.Infact Lubona your daughter is a very good athltete gaven a chance she can be a champion,but not under Mpondela.Umulanduta ubola.
On ZAAA this very true,just told some one in the zaaa
executive was telling as all the money from this year’s inter company race is finshed and that Elias Mpondela can not tell the how much they made from the
race last month. He was asked why he keept the money in the account only known to him self and one chap called Mubanga Kabangu.This official told as that we have gaven this issues to the ACC,police and the sports ministry for so may times this year and nothing is being done. Mr President i think now you have to move,because well never develop the sport with people like him.Infact Lubona your daughter is a very good athltete gaven a chance she can be a champion,but not under Mpondela.Umulanduta ubola.
Man i can not belive we are still on about the money which was stolen some 8years ago. Tell me LPM if you get the money from Chilu will it benefit the zed people?Look Mr president can you please address issues which the will benefit the zambian people now than never. Get in the offices and help sstop corruption which has not been done than cry over spilt milk. Discharge Kalumba and his thiefing friends and the zambia people will lean a leston than come to the uk and ask for things which you can do. There are more important things at hand than you LPM ie Climate changes and ya the Nuclear problem between the USA and Russia. Grow up chi LPM
#1-kc, i think abena katele balichenjela, thats why he still on, and then he must be playing a big role for lpm and its why he is on and safe for now. thats why they didnt wear pants to catch the invisible…
Business | June 8, 2007
Diaspora sent $81b to Africa in 2006
MARTIN LUTHER OKETCH
KAMPALA
THE volumes of money remitted to Africa by its citizens living abroad surpassed the development aid to Africa in 2006 by $56 billion.
Professor Myles Wickstead CBE who is currently a senior adviser to the England -Africa Partnership Programme and Business action for Africa said during his public presentation at the Sheraton Kampala Hotel recently that in 2006 development aid to Africa amounted to $25 billion while remittance from African Diasporas abroad was $81 billion.
The development clearly puts to perspective the increasing role that Africans living abroad can play in the development of the continent and points to the possibility of using more of such remittances for growth than aid.
Speaking on the theme, “Can Science and technology transform society?†Prof. Wickstead however decried the wage disparity between Africa and the developed nations saying that it is the main cause of brain drain in Uganda and the rest of Africa.
“Brain drain has an effect on African economies but they play important role in capital inflows from Europe and USA to Africa, which if used properly can lead to tangible domestic investment in African countries,” he said.
Prof. Wickstead said African living abroad have the potential to provide linkages for technological transfers and skill development capable of transforming African economies.
He said unlike Europe and the US, Africa can utilise the wave of globalistion and technological development to hasten its own growth, adding that Uganda and the rest of African countries should integrate science and technology in the country’s poverty reduction action strategies.
Katele chachine alichechela he took ba LPM mukusamba
kwa chief Puta,remember Chinyenge.com.One time at
mulungushi at the MMD LPM to his members ati ask he
party SG ba Katele ndimukulu when land in Kaputa the
rains stoped,and Katele agree with LPM
Kuku, Can you please ressurect? Let us blog today for 24 hours. I am back because I would like to share certain important issues with you and others. Please post something. It is me the actual Nkhataboy. I know that you are disappointed but for my sake, I would like you to come back. And how is your business doing at Main Masala? No sleeping again.
Regards
Nkhataboy
#14 Luapula, Is this the calibre of individuals who are existing on this blog now? What are you trying to say by exposing your ignorance to the whole world? Shame! Kuku come back and guide the blog to the standard it should be.
That was great for you to do that LPM!
Iwe chi chuchu just get medicines for yourself from Blair, since we know u are sick man. You think we dont know that you went for medical review. How will G8 make it difficult for corrupt leaders from the third world, when leaders are in africa with u, eating on your table, the mabengas and kateles of this world, not in G8 countries. You have failed to make it difficult for them because you are one of them. You grabbed unza land and electrifyied Teka farmer thro corrupt means.
#18 Ba AM
Trying to stick mud on Levy will not help…
The issue at the moment has to do with Chiluba. I am sure your aware that the court in London has increased his liability to $58 MILLION
#19 The issue here now is how chuchu is asking G8 to do the work for him when the problem is his own making and its in his own house. Why should he sink so low as to go ask other countries to solve his problems? Why was he elected? I thought ku tangata abantu ne chalo. Not to go about and asking far away neighbors to do it for him. If he has failed? Then he should tell us so that we replace him. It is very embarrassing and shameful to us zedians.
#20 AM He did not ask the G8 to do work for him, he asked them to help by putting in laws which will make it difficult for corrupt leaders to hide their loot on Europe.
Closer to him Titus Mpundu and his coterie of thieves used G8 countries to steal, launder and conceal thier loot. If the G8 countries tightened their laws, would be plunderers would think twice about conducting thier unlawfull activities via G8.
Your Morbid hatred for Levy seems to cloud your objectivity.
#21 Citizen thats the problem with zedians when one speaks his/her mind its hatred. I have nothing to gain or loss by hating chuchu. I speak like every one else on blog who are expressing they feeling about the issue at hand. G8 are in business when one takes money for banking its their gain and will careless where it comes from. Tightening or puttings laws which are difficult for corrupt leaders should start here at home, not asking other pipo who are just doing their business.
to beat corruption you need support,we need it as a country.
#13,Nkhataboy, how are you? I went mute temporarily because so many illiterates on the blog.How is my friend Ba Joze? Iam in Germany attending the G8 summit together with Thabo Mbeki,Akufor from Ghana etc whilst your President is UK with Katele talking about irrelevant issues of fighting corruption when he has taken Katele Kalumba with him.Mwaice more data when I return.Iam attending this mega summit in my capacity as private entrepreneur so that I can turn Ndola into a haven of riches.Mwaice that is good news as regards ‘diaspora remittances’ I will certainly consider going into financial services business, may be I can start underwriting life policies for you guys abroad intimes of death etc because most of you fail to raise money for coffins and transport when you decide to take off.Wonderful mwaice, atleast Smith’s judgement is nearing completion and then we can debate nicely as to how the money will be spent.UK has promised £40m in aid every year for 10 years ,which is good news.
#22 AM it’s simple logic criminals thrive when and where there is an enabling environment for them to conduct their activities and safely stash the loot.
Levy is requesting the G8 nations to ensure that the environment for criminality is not there.
Simply put ; It’s like Lusaka City since the removal of strret vendors crime has drastically reduced. The overcrowding occasioned by strret vendors had created an enabling environment for criminals.
On this issue, Levy is making alot os sense.
#25 Ba Citizen, You cannot compare the two because LCC was not benefiting from street vendors, (if anything there losing a lot money) thats why it did all it can to remove them. As for the G8 nations they could be happy to give enabling environment to criminals because they are themselves benefiting from this criminality. Chuchu should fight corruption from within so that these corrupt pipo dont have a change of dealing with G8 nations.
Lpm HOW MUCH HAVE YOU USED FOR THAT TRIP JUST TO GO AND BEGG.IS IT NOT ENOUGH TO PAY THE LECTURERS AT UNZA.SO HOW IS THE G8 GOING TO HELP WHEN THE CHAMPION OF CORRUPTIN IS BUSY PRACTICING CORRUPTION AND MORE MONEY IS BEING USED FOR BEGGING INSTEAD OF DEVELOPING THIS COUNTRY
Katele, is an asset to LPM and fight against corruption. He accepted to be a state informer and witness. Atan had that chance too but decided to side with kafupi.
By the way, luapula is well known province for JUJU and human truning crocs, Chiluba had to go to Mwansabobwe before he announced his candidature in 1991.. Inze anayenda mukusamba mankwala..protection against Bahi Panji..hahahaha. If you want masalmuzi 2 happen on you, bash a chicken in Luapula and run, You wont reach where you are going..
#26
Ba Am
My comparison is on enabling environment or atmosphere in which these vice thrives.
#HK, WHAT S**T ARE YOU TALKING ABOUT?group up youngman. if you dont like ba FTJ thats your faulty, “shauliyako” iwe ka dr HK bushe uli doctor wumusango shani uwabula ama ethics? try to be a role model for young generation in Zed and refrain from behavour yakachina (lutuku and premature wine).
be sensible mwana zed.
#30
Jose must you always be vulgar.Your children look upto you.Apply a bit of civility
#31, have been running away from you pantu tawakwata amano yabuntu te? now take that…plaudiz ulechochobwele tukugivee yapaminyozo and from your armpits te? ati ama citizen ayavoka ze-respecto
ya-onesided when muvokano yakwe mulapuka hot lava. be sitwaye not mutetema wa-loose and back off me and dont ever counteract my rich contribution. am pissed off you dirty, filthy,lunatic, asylum case.
Joze, I have nothing against Chiluba. He is paying for his sins. and i am just helping him go to hell
#33 so niwe lucifer mwa? you are already in hell to those abortions you are encouraging te. wetatawe, mwati vyakulanda nakulanda, vyakulolovye. Dr HK, a normal person must feel pity for friends in times of troubles. bashi tito ala balwele bamutima and at this time he needs ukwikalafye nakumatwi tondolo. HK i know you can be a good young man with a big heart like gen miyanda who forgave kk. HK mina ameta and put bola pashi, already the playing field is levelled. so be humanist not satanist.
#34, Ba Joze, nimwe ba 2Pac ba pa zed te? pa imwe kwebelapo te. Ba chuchu instead of kulanda pali economic na climate change, bale landa ifya bu mpuba ati help us fight corruption. Bushe ku zed takwa offices iya boma in charge of such fights. Because ku america, even ba staff ku white house balakaka, nishi ta bamwasukile ifye ati inga yo ACC nishi ile chinta.? Iyo ba lesa ba twelele leko.
chuchu litutu olo mututu, ni ba chiwelele ba kuposa pamo fye pamo na ba KK.
#32 The Clown Jose
You are a vulger, incoherent,profane, foul mouththed imbecile.
Raise your game man,
No wonder FTJ is in this mess with the kind of followers like the heretic Jose.
What a role model to your Children
bia has FDI commitments of $4.2 bln-trade minister
Thu 7 Jun 2007, 13:34 GMT
[-] Text [+]
By Carolyn Cohn
LONDON (Reuters) – Zambia has commitments of $4.2 billion in foreign direct investment over the next three years, compared with total FDI of $3 billion in the last three, Zambia’s trade and commerce minister said. Zambia would consider privatisation of its utilities but does not want to rush into a state asset sale, trade and commerce minister Felix Mutati told Reuters on the sidelines of an investors’ forum here.
“We are expecting about $4.2 billion in committed investments over the next three years, half of that will be in the mining sector,” Mutati said.
Mutati said the total included $900 million previously announced from China for an economic zone in Zambia’s mineral-rich copper belt.
Zambian President Levy Mwanawasa this week challenged the West to match Chinese investment in Zambia, saying Western countries had let his country down.
Mutati said any privatisation of Zambian utility companies such as telephone providers would have to involve local investors.
“We are looking and learning from the lessons in the first phase (of privatisations) of the first 10 years. I think we could have done some of the privatisations better, we could have earned a bit more money for Zambia, we could have created more opportunities for locals.”
Zambia said in April it would increase the price for the stake in state-owned Zambia National Commercial Bank (Zanaco) it is selling to Dutch bank Rabobank.
The government has come under fire from trade union groups and some opposition parties for agreeing to sell a 49 percent stake in Zanaco to Rabobank for $8.3 million.
Mutati also said he was not concerned about the strengthening of the national currency, the kwacha , which is currently trading around the year’s highs.
“The currency has stabilised around 4,000 to the dollar,” he said.
The kwacha has strengthened this year but is still below highs reached in May 2006, when world copper prices hit a record peak. The currency hit a multi-year peak of 2,975 per dollar at that time.
Separately, presidential economic adviser Situmbeko Musokotwane told Reuters that Zambia was talking to rating agency Standard & Poor’s about getting a credit rating, but had no immediate plans to issue an international bond.
“We can borrow, as long as it is debt-sustainable. We have a preference for grants, and then for concessionary loans.”
Zambia has only $0.5 billion in outstanding debt after the International Monetary Fund, World Bank and western creditors wrote off a large part of its debt last year. The country is not rated by major agencies Moody’s, Fitch or S&P.
© Reuters 2007. All Rights Reserved. | Learn more about Reuters
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When money talks, nobody cares what kind of grammar it uses.It’s good to have money and the things that money can buy, but it’s good, too, to check up once in a while and make sure that you haven’t lost the things that money can’t buy.Money alone sets all the world in motion.The Management of money is, in much, the management of self. If heaven allotted to each man seven guardian angels, five of them, at least, would be found night and day hovering over his pockets.No man’s credit is as good as his money.Nothing in the world is as mobile as capital. It can move anywhere in the world instantaneously.