Republican President Hakainde Hichilema has said that his new dawn administration’s focus is to attract lower price capital investment into the country.
Speaking to journalists shortly before departure for Brussels, Belgium aboard the presidential challenger jet at ZAF Lusaka base, president Hichilema said that capital with high-interest rates caused the debt situation the country is currently grappling with.
The President said that in the quest to grow the economy, his administration is working with global economies to bring into the country among other things capital with lower interest rates and that his trip into Europe is in search of lower price capital for investments among Zambians.
The President said that reckless sourcing of capital at high-interest rates is what has caused the country’s current debt problems which his administration is dismantling, adding that he is now engaging various stakeholders across the globe to grow the economy and bring lower price capital among other things.
The Head of State said that the results of his engagements are already bearing fruit as things are beginning to happen and that Zambia’s treasury was locally run down but his administration is now looking at attracting more capital including among Zambians, adding that he is also looking at stability, security, and opportunities to promote investments.
The Presidential challenger took off at 08:45 hours and was seen off by Service Chiefs among others.
President Hichilema is traveling to Belgium to attend the sixth European Union-African Union summit to be held in Brussels from 17th to 18th February 2022.
Please refrain from using unattainable things as you embark on your foreign trips! Cheap capital, where from? Remember Lungu or Sata said the same thing about fuel when they were visiting the Middle East. That cheap fuel has never come to Zambia and you now know what you have done to the same commodity since assuming office …
We will give you benefit of doubt bally that we will see ROI in the long run. Safe trip!
And why do you continue with those silly seeing off and welcome parties, with those poor service chiefs attending. Grow up Bally, it only looks silly and it wastes a lot of money!
Nikwisa Uko kwine ndalama shacipa naine nkaye kongolako?
Kubufi mwapena tata!
Travelling mercies. Do us proud
Finally a grown up comment!
………”aboard the presidential challenger jet”……… This is news, I thought the presidential challenger jet is already sold as we were promised, so that the money can be used to pay student meal allowances.
Bally you were a big critic about former president flying.So Zambians expected you
To do less travelling.But it’s the opposite.
Bally we have many rich Zambians who can
Invest back in Zambia but with more incentive then looking for investors from
Abroad
Did you know that Obama made 52 International trips during his 8 year rule. We have made 8 in 5.3 months. By December, we would have done about 30% of the 52.
I reserve my judgement on New Dawn until August 2022. On the other hand, the thieves should have a rough ride …hehehe
Can’t believe that still many PF with bend shaven heads are still roaming airports.
Bally is slowly but surely losing the 2.8 million. He is putting his foot in his own mouth. Who would have guessed?!?
Cry my beloved country….Change of colors from green to red….now even worse…corruption and theft is on the rise…HH demagogue President
This man is truly a liar!!! This summit starts tomorrow at 14:15 and ends on Friday 12:00 with the topics already agreed a long time ago. And he can stand there and tell such lies? Better he just says he’s on a personal jolly and wants to meet the pope with Zambians paying for it. If anything he should have been challenged to be back on Saturday…let’s how long he’ll be away for.
Bally is on course, love him or hate him, he is going for work
The humongous damage done by the PF requires such frequent trips abroad to normalize the situation. Safe trip Bally
Is that Challenger flying all the way to Brussels or to Dubai for a connecting flight? Why use it when there is a Gulfstream which has a longer range?
HH, a hard working, competent, intelligent President with the capacity to solve our problems, though it will require atleast 2 years to see real change in Zambia. Reckless borrowing by the PF government a major hindrance to rapid development, we have to pay our huge debts first. Please go well HH and market Zambia, the country requires a huge economic boost
Ba Ntambalukuta ubufi
Simply vasco Dagaming.
Pwahahahahahahahahahahaha kikikikikikijukija Hehehehehehe nkunkunkunkyu hahahahahaha kwekwekwekwe kwikwikwikwikwi! Mukufwaya kaloba iyacipa. Kaloba ku IMF, naimbi kaloba. Kelenka uyu, katwishi.
Mwebana, naisa mfwaeko kaloba iyacipa pana Europe. Tebange ili mwa?
Zero benefits. Just burning jet fuel and earning allowances. Ati iyo baliwina akale. Mukufwaya kaloba iyachipa kufibanda ifisungu!
Tulipano
Let hh fly and enjoy the presidency. Fly as much as you want hh. Continue flying hh it is good for your popularity. Let Zambians continue suffering while you fly. I support this..leave hh alone
Bally Muntu Wabufi!!!
@No Corruption add: why does he continue flying on a jet he detested so much he promised to sell?
That’s the old jet, not the new one PF bought at a very high cost.