Standard Chartered Bank says there is need for foreign investors to continue investing in Zambia because the global economic and financial crisis will only have a slight impact on the country’s economy.
Standard Chartered Bank acting Managing Director, Robinson Bairstow said since the global economic crisis would only have a slight impact on Zambia, there was need for investors to continue investing in the country which he said was an emerging economy.
He said investors should continue with their direct investment portfolios in Zambia despite the global crisis.
Mr. Bairstow further urged the Zambian government to address the challenges that the mining sector was experiencing.
He said the drop in copper prices and an increase in job loses in the mining sector would have a negative impact on the Zambian economy if left unattended to.
Mr. Bairstow, who was speaking at a press briefing in Lusaka today, urged the Zambian government to diversify in its economic sectors in order to reduce dependency on copper.
He said diversifying to other economic sectors would promote growth in the Zambian economy and help the country to address the challenges which were associated with the global economic and financial crisis.
And Standard Chartered Bank head of Financial Markets, Stanley Tamele disclosed that the bank had started working out modalities aimed at launching new products on the market to attract new customers.
Mr. Tamele also announced that Standard Chartered Bank will next week open a branch in Livingstone.
ZANIS/TK/KSH/ENDS
OK I WILL INVEST
I strongly feel that the global financial and economic crisis will have a huge negative impact on our country, particularly on mining.
We are already feeling this animal known as financial global crisis.This calls for participation of every Zambian.This is our country and if we leave it to other pipo to manage w shall be digging our own graves.There should be nothing like MMD.PF,UPND,HERITAGE and all those other parties but it should be ONE ZAMBIA ONE NATION.Love you all and Happy New Year!!!
LADIES AND GENTLEMEN AS YOU ALL KNOW WE ARE IN FOREIGN LANDS AND ITS LIKELY THAT NO ONE WILL SPEAK ON OUR BEHALF REGARDING THIS PASSPORT SAGA. THEREFORE MY SUGGESTION IS THAT WE PERTITION AS ONE VOICE THAT THIS CHANGE OF PASSPORT BE EXTENDED BY AT LEAST SIX MONTHS. EACH ONE OF US SHOULD WRITE THREE LETTERS
1. TO FOREIGN AFFAIRS IN ZMBIA
2. HOME AFFAIRS
3. ZAMBIAN EMBASSY IN YOUR COUNTRY
ZAMBIANS LET US UNITE WE CAN MAKE A DIFFERENCE
this passport changeover is a nightmare please help
On second thought..maybe.. One day I might go to ZEDI as an investor….. remove the fake infestors as they just aim at plundering.. l-)l-):-h:-h:-h
Zambia Passport Teleconference For all Concerns and contribution on how we speak as one Voice (Europe,Asia,America,South Africa,Ghana and all) Please call in, Conference Call on January 3rd,2009 at 11:00 am Central Time USA
CONFERENCE DIAL-IN NUMBER: (218)844-8230
PARTICIPANT ACCESS CODE: 853993#
communist is back and it has been along time since i last commented but i enjoy yall’s comments… :d anyway as i read on the article that the judicialy is computerizing their systems will be a great thing and i think that will contribute to the justice deliverance in zambia…..[-(
Talking about the financial crisis:o well i dont know how it will affect zed, though i think it will mostly affect the export and import sector as it is a global thing but i would advice the govmt to pump in more money in the economy as to strengthen the countries balance sheet jsut in case the unexpected happens in order to save the industry and prevent job loses just like our friends in the west are busy doing:) on investing in zed i always thinof technologizing things in zed in a way that will encourage zedians abroad to be able to invest back home and i mean if a zedian must buy shares on LUSE he or she doesnt have to board a flight to go and sign the damn document but just doing….
everything online in that way we will have more people investing in zed:d and what i menat by the govmt to put more money in the economy i meant for the GRZ to clear out the local debt as only if there is a strong flow of liquidity in the country can we have a strong balance sheet as a country then turn to bourgeous investors:-?
:(|)~o) Hallo, ama investors!?? :)] Hallo ???:)) You can’t come to Zambia?! Okey, can I come and visit? No!!! But that is how I make allowances by making useless trips abroad! :)] Hallo ??!! @-)~X(
No.9
Pumping more money from reserves is a good idea but when these are not available, it requires higher borrowing which, as has happened in the UK, greatly weakens the Balance Sheet rather instead of enhancing it!