Minister of Foreign Affairs Wylbur Simuusa says Government last year approved projects amounting to US$3.56 billion above the set target in foreign direct investment (FDI).

Mr Simuusa noted that when President Sata opened the third session of the National Assembly he set a target of attracting FDI amounting to US$3 billion.

In PICTURE FROM LEFT: SUDANESE Ambassador to Zambia Mohammed Isa Edam, High Commissioner of the United Republic of Tanzania to Zambia Grace Mujuma, French Ambassador to Zambia Marie Annick Bourdin and Russian Ambassador to Zambia Konstantin Koshanov network with Minister of Foreign Affairs to Zambia Wylbur Simusa during a meeting for diplomats and government at Mulungushi International Conference Centre yesterday. – Picture by MACKSON WASAMUNU.

The minister said this when he met the diplomatic corps in Lusaka yesterday.  He said that the projects were approved by June last year.

He said Government’s achievement is an affirmation of Zambia’s attractiveness to FDI due to continuous improvement in the investment climate and business environment.

“My ministry is working in tandem with its diplomatic missions abroad to market the immense opportunities in Zambia and provide an affective channel for attracting foreign direct investment into the country,” Mr Simuusa said.

He said Government will pay special attention to enhancing economic cooperation by facilitating trade and attracting foreign investment.

Mr Simuusa said Zambia, like other countries, has recognised the importance of engaging the diaspora to participate in developing the country.

Mr Simuusa also said Government is finalising the formulation of a comprehensive diaspora policy as part of its efforts towards creating effective synergies between national and continental diaspora programmes.

“The policy will therefore aim at developing a clear framework of collaboration with members of the Zambian diaspora for the benefit of the country,” Mr Simuusa said.

The minister also said Government has finalised revising foreign policy and is waiting Cabinet approval.

He said government recognises that a transparent and accountable system of governance is vital and enables its citizens to effectively participate and contribute to the political, social,economic and cultural development of the nation.

And speaking on behalf of other diplomats, Botswana High Commissioner to Zambia Tuelonyana Ditlhabi Oliphant said diplomats are encouraged by infrastructure development, employment creation and poverty alleviation in Zambia.

“Those of us who have been in Zambia for some time and have travelled around are forever impressed by the changing landscape of the country in general, and in particular Lusaka,” Ms Oliphant said.

She said the international community is following with great interest and encouragement Zambia’s participation and contribution to international and regional bodies.

Ms Oliphant said Zambia has taken a firm stance on issues like climate change, environment, anti-poaching, anti-corruption, and counter-terrorism.

Source: By CLAVER MUTINTA

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