President Hakainde Hichilema says Government remains committed to maintaining a stable, predictable, and competitive investment environment that promotes joint ventures, public-private partnerships, and economic reforms that deliver tangible benefits to Zambians. The President made the remarks as Zambia enters a renewed growth phase following the successful completion of a 36-month debt restructuring programme.
On the back of renewed investor confidence, President Hichilema today hosted a delegation of global investors led by JP Morgan & Chase, with representatives from major financial institutions based in London, Geneva, Boston, Dubai, Luxembourg, and the United States.
The delegation was led by JP Morgan Executive Director for Global Economic Research, Gbolahan Taiwo. President Hichilema said the visit reflects growing international confidence in Zambia’s economic recovery and reform agenda.
“Their visit follows Zambia’s successful 36-month debt restructuring and signals renewed investor confidence as our economy enters a growth phase,” President Hichilema said in a Facebook post.
The President said the visiting investors will engage both public and private sector stakeholders, as well as multilateral partners, to explore investment opportunities in energy, mining, agriculture, infrastructure, and financial services, which he described as key pillars of Zambia’s national growth strategy.
He reaffirmed that the New Dawn Administration remains committed to reforms that enhance macroeconomic stability while opening space for expansionary growth.
President Hichilema expressed confidence that Zambia would achieve higher economic growth rates than currently projected, attributing this optimism to progress made in debt restructuring and overall economic stabilization.
“We will continue with macro stability, keeping fiscal consolidation under control, but now turn the page towards a more expansionary approach, particularly in driving energy, which is critical,” the President said.
He further highlighted the positive impact of Zambia’s homegrown economic programme supported by the International Monetary Fund (IMF) under the Extended Credit Facility, especially in stabilising the economy.
Earlier, JP Morgan’s Gbolahan Taiwo informed President Hichilema that the World Bank has also commended Zambia’s economic reforms during engagements with the institution.
