Wednesday, October 9, 2024

President Hichilema Hosts Saudi Delegation for Mining and Investment Discussions

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President Hakainde Hichilema hosted a delegation from Saudi Arabia, led by Abdulrahman bin Khalid Albalushi, Undersecretary in the Ministry of Mineral Resources Management, at State House. The delegation is attending the ongoing inaugural Mining and Investment Insaka in Lusaka.

President Hichilema expressed gratitude for Saudi Arabia’s support, including the King Salman Bin Abdulaziz Hospital under construction in Lusaka. The discussions focused on joint investments in sectors like mining, energy, tourism, and agriculture, with a commitment to ensuring that Zambians benefit from natural resource endowment through value addition.

The President highlighted Zambia’s eagerness to learn from Saudi Arabia’s successful management of its natural resources, such as oil and gas, to improve the welfare of its citizens.

14 COMMENTS

  1. Signing efforts appreciated the past 3 years but concern is the trickle down effect to the common man which is taking for ever to materialise if it will ever will

  2. It’s always making headlines in Zambia about
    a delegation arrived for New investments.Just
    To give hope to Zambians.As we have seen in
    The past with all the pledges nothing much
    Seen as we are still experiencing twenty hours
    Of load shedding.

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  3. My concern is where is all the power going to come from ?
    Plus where ever these delegations go they have power 24/7 at the expense of others EG: Emergency loadsgedding

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  4. It is so sad that pipo are taken for a long ride by these politicians. You see at one time i wanted to be a politician but i did not know much about ubufi, corruption, conspiracy, betrayal & murders.. so i became a great business man & an investor

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  5. As we approach the 60th anniversary of our self-rule, it’s crucial to reflect on the economic principles that underpin sustainable growth. When we gained independence, our nation was in a position to surpass even Saudi Arabia in various developmental metrics. However, over the decades, we seem to have strayed from the foundational economic tenets that propelled us forward.

  6. It’s imperative that we re-evaluate our approach and prioritize the principles that once guided our economic policies. By doing so, we can work towards reclaiming our position as a leader in the region, ensuring that our independence translates into genuine economic empowerment for all our citizens.

  7. Zambians mulomo too much, some of you here cant even run a katemba but busy running your mouths. Nothing good has ever come from you people…You hated ECL and now its HH. Looking for investments is not an easy thing. Lets hope something good comes out of these discussions…lets us be optimistic people.

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    • Why must we be looking for “investment” from foreigners all the time? Our friends in West africa have realised that they need to own their economies in order to progress. Why are we still colonised in our thinking that we have to always believe only foreigners can develope our economy. It’s better to be poor and own our wealth than to be “developed” and our resources are owned by foreigners.

  8. The whole world knows that Zambia is on sale. It’s land, it’s minerals, and all it’s wealth. The people will be reduced to being peasants, while a foreigners will own everything and a few local elites will serve the interests of the foreigners. This is how the cabal that controls most of the western influenced governments operates.

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