President Hakainde Hichilema has assured the Egyptian business community that Zambia is open for investment, emphasizing his government’s commitment to breaking bureaucratic barriers and revitalizing key economic sectors. Speaking during the Zambia Business Forum in Cairo on Monday, President Hichilema outlined Zambia’s progress in reopening long-dormant mines and enhancing the business environment.
“I am here to say to Egyptian businesses that Zambia is open for business. We have done that in many areas. We’ve had mines that were closed reopened, one mine that we reopened was closed for 46 years, and the six Presidents before me could not reopen that mine,” President Hichilema stated.
He further highlighted the role of the Presidential Delivery Unit (PDU), which he established to streamline government operations and eliminate bureaucratic obstacles that often hinder economic progress. The PDU, he explained, plays a critical role in ensuring swift decision-making and effective implementation of policies to attract and sustain foreign investment.
President Hichilema reaffirmed Zambia’s commitment to creating a conducive environment for business, calling on Egyptian investors to explore opportunities in Zambia’s mining, agriculture, infrastructure, and energy sectors. He underscored the government’s efforts to improve transparency, policy consistency, and investor confidence.
The Zambia Business Forum in Cairo served as a platform for fostering stronger economic ties between Zambia and Egypt, paving the way for increased trade and investment partnerships. President Hichilema’s remarks reflected his administration’s focus on economic transformation and job creation through strategic foreign direct investment.
With ongoing economic reforms and a renewed commitment to development, Zambia continues to position itself as an attractive destination for global investors looking to tap into the nation’s vast resources and business potential.