LUSAKA, Aug. 21 (Xinhua) -- The Zambian government on Monday assured investors from South Africa to increase their investment into Zambia because of a stable economic environment brought about by consistent economic policies.
Minister of Finance Felix Mutati said the Zambian economy has stabilized and was poised for strong economic growth as witnessed by declining inflation and a stable exchange rate.
The Zambian minister, who was speaking when he addressed South African investors at an Infrastructure Africa Business Forum in South Africa, said good governance and policy consistency had been the hallmark of Zambia's economic gains so far, according to a statement released by the Zambia embassy in that country.
While acknowledging that South African investors have invested over 1 billion US dollars in Zambia's various sectors this year, the Zambian minister urged more South African investors to explore the country's vast investment potentials.
He further called on African governments to prioritize infrastructure development to enable the continent compete effectively at the international level.
He appealed to the private sector to partner with governments to introduce new technologies that would help in bridging the infrastructure gap.
