Mr Banda says Zambia has a lot of opportunities especially in the tourism sector.
He was speaking this morning in Madrid, Spain, at the 3rd Zambia- Spain Investment Forum organised by the Zambian Embassy in France and also accredited to Spain in collaboration with the Madrid Chamber of Commerce and Industry.
The Tourism Minister says Zambia has unique heritage sites and monuments with over 1 hundred water falls and beautiful rapids making it a land of magnificent waterfalls and adventure destination.
Mr Banda says Zambia’s tourism sector contribution to the Gross Domestic Product- GDP has grown from 3 point 4 percent in 2013 to 4 percent in 2015.
He says tourist arrivals has increased from 9 hundred and 14 thousand in 2013 to over 1 million in 2016.
MR. BANDA says the growing number of tourist arrivals has increased demand for bed space, conference facilities adding that there is need to develop and diversity the tourism product.
And Zambia’s Ambassador to France and also accredited to Spain Humphrey Chibanda says the Country has a history of long standing peace and stability spanning to over 50 years which gives confidence to investors as their investments are protected.
Mr. Chibanda says President Edgar Lungu has identified tourism including heritage, arts and culture as one of the growth sectors of the national economy.
He has stated that key assets of Zambia’s exclusive tourism include pristine national parks and game management areas which are home to a great diversity of wildlife and flora
And Zambia Development Agency- ZDA Director Investment Promotions Matongo Matamwandi says Zambia’s central location in the gives it an advantage for investment as it has 8 neighbouring Countries.
He says Spanish Investors can take advantage of a ready market in many sectors such as energy, agriculture, manufacturing and infrastructure development.
Mr Matamwandi has called on Spanish Investors to sample Zambia’s investment friendly environment which include security and incentives to motivate the running of Investments.
PF thugs in action !!! Busy stealing ati inviting Uhgg
Why should Spaniards come to invest in Zambia when English-speaking investors are skirting the country, even preferring to invest in Zimbabwe instead, despite the maniacal Mugabe?
pls be careful if u want to loss your money in zambia than u inveset in zambia recentley my friend was thrown out for no reson he lived in zambia for 50 years so be careful
And the 89 investors will come. Just do your tourism. The list of tourists is growing, you are joining Kalaba who is on the move all the time but not trickle down effects to the poor man on the street
89 people visited Zambia’s stand at this selfsame Forum and he says they are interested in visiting and investing …this govt is capable of fabricating anything…even people asking where the toilets are will be counted as investors!!
Oh boy!!! Here comes 89 more Horse Shoe restaurant owners!
To come and open resturants.
Exactly my though … these are impoverished infestors
U don’t invite investors u woo them by giving them incentives and easy conditions of doing business. Investors come to a country which respects Rule of Law, Human Rights and Property Rights. In Zambia there is too much lawlessness and violations of human rights.Right now HH and GBM are being harassed and persecuted daily. No Intelligent investor will come and invest in a lawless country with an illegitimate President. Capital follows opportunities and safety.Invstors are fickle and do not risk their capital by investing it in a corrupt and broke govt like Zambia. This Minister is just wasting time and seeking some relevance.
To see how these chaps think go on Facebook. Type in: Department of National Parks & Wildlife. They can’t even answer a simple question from stakeholders. Now, you think these chaps can bring investors? Please!