FOR IMMEDIATE RELEASE
AUGUST 23, 2022
BCCZ COMMENDS GOVERNMENT ON IMPROVED INVESTMENT CLIMATE
LUSAKA, ZAMBIA – The British Chamber of Commerce Zambia (BCCZ) has commended the New Dawn government for improving Zambia’s investment climate and restoring investor confidence in the local economy as the government marks its first year in office.
BCCZ Chief Executive Officer John Paton said the Hakainde Hichilema-led government has made significant strides towards making Zambia a favourable investment destination in the region, attracting local and foreign investors into the local economy.
“In just one year, Zambia has gone back to being a positive economic and political story for the rest of the continent. If Zambia continues on the current economic trajectory, the future is indeed bright,” he said.
The chamber said that since coming into office in August 2021, the Hichilema administration had made significant strides in reducing inflation and strengthening the local currency, making UK products and services more affordable.
Mr Paton pointed to the President’s maiden speech to the nation, in which he pledged to tackle fiscal and regulatory reforms aimed at strengthening Zambia’s investment climate.
The BCCZ CEO also congratulated President Hichilema for his one-year anniversary in office and wished him good health as he continued to serve the people of Zambia.
Mr Paton further called on members of the BCCZ to take advantage of Zambia’s positive economic outlook and the improved macro-economic conditions by making additional investments in all sectors of the economy.
About the British Chamber of Commerce Zambia
The British Chamber of Commerce Zambia is an independent not-for-profit organisation that strives to be the voice of British business in Zambia. The British Chamber of Commerce was incorporated in Zambia as a company limited by guarantee in August 2014.
Membership is open to British, Zambian and international organisations and individuals with a common interest in developing business between the UK and Zambia.
The Chamber’s core objective is promoting trade and commercial relations between Zambia and the UK.
For more information visit https://www.britishchamberzambia.org/
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