The new Board of the Zambia Development Agency (ZDA) last week paid a courtesy call on Commerce, Trade and Industry Minister Christopher Yaluma with a pledge to ensure that the ZDA continues to promote reinvestment and attract quality investments, deliver real development to Zambian people and ensure the sustainability of such development.
Representing the new board, Chairperson Fisho Mwale says the board will focus much energy on local direct investment while at the same time ensure foreign direct investment benefits the people of Zambia.
Mr. Yaluma recently appointed a new ZDA board which consists of private sector representatives and representatives from government line ministries.
The board will be chaired by Mr. Fisho Mwale and deputized by Mr. Enock Bwalya both from the private sector.
Other private sector representatives that have been appointed to the board are Ms. Chisoma Lombe, Ms. Chipego Zulu, Mrs. Rabecca Katowa, Mr. Robinson Chongo Mwansa, and Bishop David Musonda Masupa.
And the government line ministries are represented by permanent secretaries from the Ministry of Commerce, Trade and Industry; Ministry of labour and social security; Ministry of Finance (Budgets); Ministry of General Education; Ministry of Agriculture; Ministry of Mines and the Attorney general from the Ministry of Justice.
Mr. Mwale says he also wants to make the Agency more visible and relevant to the Zambian people.
He further emphasizes that his Board will focus on seven key pillars which include providing advice to government on country recovery roadmap post-Covid 19 based on ZDA’s strategic position of being the practical link between government and the private sector.
“The board will, therefore, support the development and implementation of industrial development strategies based on research and innovation that is oriented around reverse engineering and in line with the priority sectors as stipulated in the Seventh National Development Plan,” explained Mr. Mwale.
“The other pillar of focus is reinvestment by promoting the expansion of existing businesses in Zambia as a competitive strategy to reduce unit costs through economies of scale,” he added.
The board Chairperson adds that reposition Zambia’s international business by focusing on unique resources and Zambia’s comparative and competitive advantage to create sustainable and export-oriented businesses is another key focus area.
Mr. Mwale notes that arising from the population of Zambia, which creates a limited market, export focus and promotion of non-traditional export products would be paramount with a focus on unfilled markets of DRC, Zimbabwe, Angola, and southern Tanzania
He adds that as part of the sustainability strategy, promoting meaningful joint ventures, green investment, partnerships between foreign investors and local investors including Micro, Small and Medium Enterprises, and supporting efforts towards the promotion of impact investments and capital to speed up the attainment of the sustainable development goals.
Meanwhile, Mr. Yaluma congratulated the new board members and wished them well.
Mr. Yaluma encouraged the new board to work hard and produce the expected results for the people of Zambia.
He emphasized that the Zambia Development Agency should be able to deliver in accordance with its mandate of promoting investment, trade, and enterprise development which leads to wealth and employment creation for the people of Zambia.
wanko ni wanko
Donegal Vulture fund, we’re finished.
Maybe it can work. All are Lusaka based mafias. They always pick up trash from Lusaka to lead Zambia. Zambia can’t develop with these gangsters.
Why not appoint some retired ZNS from Mansa or Kalomo?
Congratulations mr Mwale. We hope to see results there. Kz
No scruples… it is an ongoing train wreck. Each time the train flies off it lands on a new set of tracks going downhill and gathers speed.
One wise man pairs tribalism and corruption as twin evils
This is just wrong. Why do we always recycle people?
Old wine in new bottles indeed!
When people run out of ideas, they pick anyone for appeasement. Another misplaced selection.
congrats!!!!!!!!!!!!
Fisho Mwale made millions and I mean millions of dollars from restructuring of Government debts. This job is just to kill his boredom, he is a minted chap.
So you appoint a millionaire to oversee and attract investment…when he starts selling companies to himself you will complain, we never seem to learn there are so many people out there you can pick but he opts for a cadre next you will hear that Lungu and him have formed a fish farming business.
Nepotism..
@Tarino Orange, I was going to be very surprised if you had made your comment without mentioning Lungu, just congratulate the Fisho Mwale and hope for the best. ZDA is in safe hands with Fisho Mwale. That man is a visionary. Things are looking up.
Father:Steak Mwale
Son:Fisho Mwale..
Chaps from the East with names..Awe sure
Look Deeper – At least now I can see flags and will respond…Fisho Mwale was appointed by Lazy Lungu if you wanted a genuine candidate you would have picked even that woman from WWF who posted yesterday or hundreds of experienced Zambians out there. You dont pick a millionaire businessman to oversee sale of companies …its like appointing Bill Gates as chairman for IT regulator the chances of abuse is very high..have you not seen the investment opportunities on ZDA especially in fisheries?
The degree of nepotism in Zambia is really now frightening, this is recipe for war! Does this maddening stupid ***** really think that Tongas. Loziz, Kaondes, Lundas, Luvales and Lambas are going to tolerate this stupidity for much longer?
Mmmmm yoonse board of directors is bembas and ngonis only? Awe sure mwe bantu. Nangu ndi mu bemba na kaana.
The same old names recycled again. You mean you can’t find fresh faces from 15 million Zambian ? No wonder nothing does well in this country.
Nostradumas, Rabecca katowa is not from lsk but mazabuka, infact she is the MD of zambia sugar. Stop being tribal, you are very childish just like tarino chakuti.
Congrats, ba fisho dont mind these diasporians slaves. you can tell from their coments that they dont want you to surpass their small god hh. Surely can a normal person ask that why have you appointed a millionaire? If a poor man was appoited they would have said you have appointed someone to enrich himself
Katowa is a Tonga name
Where are the future leaders in the current scheme of things. One day we will be seeing ghosts coming back from graveyards to run our institutions. The state of affairs is just too pathetic! When are the energetic and young going to be given a chance?
Minister Christopher Yaluma is a tribalist who has no love and respect even for the wife and his family i wonder how President Lungu used to pick some of these people as Ministers most of PF Ministers have no leadership qualities as a leader how can you talk like that dividing the country just because you want votes leadership is more than votes leadership is love and care you PF Ministers you should talk as leaders unity the country now i see why God used to give Zambia to foreigners to rule them because real Zambians are full of tribalism and can not unity the country as one good example of good leadership is KK.
Christopher Yaluma is a tribalist who has no love and respect even for the wife and his family i wonder how President Lungu used to pick some of these people as Ministers most of PF Ministers have no leadership qualities as a leader how can you talk like that dividing the country just because you want votes leadership is more than votes leadership is love and care you PF Ministers you should talk as leaders unity the country now i see why God used to give Zambia to foreigners to rule them because real Zambians are full of tribalism and can not unity the country as one good example of good leadership is KK.