President Levy Mwanawasa has implored Djibouti to share her experiences gained from operating economic free Zones, which Zambia is in the process of establishing.
Mr. Mwanawasa said Djibouti has been pioneering the implementation of economic
zones in Africa as a way of attracting Foreign Direct Investment (FDI).
He said Zambia is also in the process of setting up economic and commercial free
zones with the help of co-operating partners.
He added that Zambia is in the process of transforming her economy from that which
was heavily dependent on mining to one that will be anchored on agriculture, tourism
and manufacturing.
Mr Mwanawasa said the agricultural revolution is happening at a time when the mining
industry is also on the upswing, both in terms of new mines opening up and expansion
of existing ones.
The President added that Zambia’s political and economic environment is conducive
for investment by foreign nationals who enjoy extra incentives .
He has since invited Djibouti investors to come and invest in all productive sectors
of the economy.
President Mwanawasa was speaking when he held Official talks at State House with
visiting Djibouti President Ismael OMAR Guelleh , who is in the country for a four
day state visit.
Mr. Mwanawasa commended Djibouti for having achieved macro economic stability adding
that President Guelleh has managed to maintain a manageable external debt profile,
a challenge that has hindered economic and social development of most developing
countries.
Mr. Mwanawasa called for the strengthening of bilateral relations through exploring
advantages that the two countries accrue from their membership in regional groupings
such as the Common Market for Eastern and Southern Africa (COMESA)
He said Djibouti can use its membership to export products to the market in the
region via the TAZARA railway link from the Dar-es- Salaam sea port in Tanzania to
inland port Mpulungu on Lake Tanganyika which offers a cheaper and shorter route to
markets in Rwanda, Burundi and Democratic Republic of Congo (DRC).
He said Zambia could also benefit from the facilities of Djibouti port to transport
goods to markets of countries in the horn of Africa such as Ethiopia, Eritrea and
Sudan.
He has also implored Djibouti to ratify the protocol on policy and regulatory
framework for the New Partnership for Africa Development (NEPAD) Information
Communication Technology (ICT) broad based infrastructure for Eastern and Southern
Africa (ESA0 which Zambia has ratified.
He said as members of Comesa and AU, ratifying of the protocol by the two countries
would ensure harmonisation of policies, legal and regulatory disparities and improve
ICT and other communication capacities between two countries.
And Mr. Guelleh commended Zambia for having achieved economic growth, prosperity
and promoting good governance.
He said his country was keen to foster development cooperation economically which
would benefit the private sector that would want to invest in Zambia’s wealth in
mining and other sectors.
Mr Guelleh revealed that his country is willing to render various facilities to
Zambia and set up a railway that would Link Djibouti to Zambia up to Cape Town.
He however urged the African countries to work together so that they become self
sufficient  to enable them rely on their resources.
He observed that it was through co-operation that the continent’s economy would
improve that will lead to improved conditions of its people.
Meanwhile President Mwanawasa has expressed happiness at Sudan’s willingness
co-operate in resolving the conflict in that country.
He said Sudan has agreed to allow the Africa Union and United Nations to
reinforce the peace efforts of the AU force that has on the ground trying to
monitor the situation in the Darfur region .
He said Zambia has a military presence under the AU peace keeping mission in the
Sudan through which she has encountered some difficulties similar to those  faced
by peace keeping force in Darfur.
Earlier the two heads of state held one to one talks before holding official talks.