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Zambia Mints Global Award for Improving Business Environment

Press Release:  For immediate release

Friday, 9th November, 2018

THE Government’s relentless effort in improving the country’s business environment and attracting foreign investment are being recognised globally, Zambia’s Ambassador designate to France, Dr. Christine Kaseba- Sata has said.

And Zambia has won the award of best state strategy in Africa in recognition of the Government’s efforts in improving the business environment and attracting domestic and foreign direct investment.

Receiving the award on behalf of the Zambian Government at the Africa Investment Forum and Awards ceremony held in Paris, France on Thursday, Ambassador Dr. Kaseba-Sata praised the efforts by the Government in creating a favourable climate for investment and economic development.

“Indeed, the results are there for all to see how Zambia is progressing on this trajectory as the country continues to attract increased investment inflows,” Ambassador Dr. Kaseba-Sata said.

“To those still in doubt about Zambia as the best business strategy destination of choice out there, here is the evidence – it is time for you to come and invest in Zambia!”

She highlighted the World Bank’s 2018 edition of Doing Business Report which named Zambia as one of the best 10 performers in the world, ranking 85 out of 180 and fourth in sub-Saharan region in business reforms and efforts to reduce the cost of doing business.

“Zambia remains a business destination of choice, attracting over 2.5 billion united states dollars of foreign direct investment per year on average as compared to a merger 100 million united states dollars per year a decade ago.” She added.

She further hailed the organisers of the Africa Investment Forum and Awards the Leaders League of Paris and Decideurs Magazine in partnership with a consortium of the most influential French businesses associations for recognising Zambia which won the award jointly with Ivory Coast beating other finalists South Africa, Senegal, Nigeria, Kenya and Gabon that were shortlisted for the award.

Ambassador Dr. Kaseba-Sata said the award would motivate the nation to work even harder in implementing strategies and policies that create a conducive environment for business and foster development of the country.

The Awards ceremony was well attended with a turnout of more than 600 major leaders from both private and public sectors from 22 countries.

Africa Investments Forum and Awards was inaugurated in 2017 with the support of the French captains of Industry namely the Council of French Investments in Africa (CIAN), the French Private Equity Association (AFIC), Paris Europlace, Agence Française de Développement (AFD), Syndicat des Energies Renouvelables, among others.

The award of best state strategy in Africa is dedicated to business opportunities on the African continent in various fields such as Energy, Infrastructure and City Planning, Mergers and Acquisitions, Growth Strategies and Real Estate Industries.

The Government has made tremendous efforts in realigning the economy through diversification from a mono-economy dependent mainly on copper exports as the main revenue earner.

Under the Seventh National Development Plan launched by His Excellency President Edgar Lungu to run from 2017 to 2021, the Government aims at developing Zambia to a prosperous middle-income nation by 2030.

The Government has prioritized agriculture, tourism, investment in the energy sector, infrastructure development and manufacturing as key growth sectors to raise Zambia to achieve job creation, address poverty while reducing the people’s socio-economic vulnerability, reduce developmental inequalities and enhance human development.

Issued by:

Yande Musonda (Ms.)

First Secretary – PRESS

EMBASSY/PERMANENT DELEGATION TO UNESCO

18, Avenue de Tourville – 75007

Paris, FRANCE

9 Comments

  1. Razor

    Nobody has even heard of such an award.

  2. HH

    Thats what i dont want, the international community recognising the good efforts of this govt, iam jealous.

  3. Sj

    Is not a pit that investment opportunities ‘ve increased since a decade ago yet Citizens ‘ve continued to struggle to put a basics like a meal on the table.
    So what has been the benefit to us Zambians?
    A common case pertaining where the parents drink themselves silly and come back to a home where children in their home lack Basic Needs. Amongst them food, clothing, good clean water, transport costs are too high as is the FUEL @ the moment.
    Women don’t ‘ve enough to cook so they ‘ve been rated as the highest GUZZLERS. THIS guzzling knows no STATUS.
    YET THE STRENGTH OF A NATION IS SEEN IN ITS WOMEN’S VALUES AND MORALS THEY UPHOLD. SHAME. Comment

  4. Sj

    Is not a pit that investment opportunities ‘ve increased since a decade ago yet Citizens ‘ve continued to struggle to put basics like a meal on the table?
    So what has been the benefit to us Zambians?
    A common case pertaining where the parents drink themselves silly and come back to a home where children in their OWN home lack Basic Needs. Amongst them food, clothing, good clean water, transport costs are too high as is the FUEL @ the moment.
    Women don’t ‘ve enough to cook so they ‘ve been rated as the highest GUZZLERS. THIS guzzling knows no STATUS.
    THE STRENGTH OF A NATION IS SEEN IN ITS WOMEN’S VALUES AND MORALS THEY UPHOLD. SHAME.
    Charcoal burning is done as a livelihood in Zambia where trucks that pass from neighbouring states as well as well as our own Nationals buy it for consumption because of un explained BLACKOUTS. YET in neighbouring states where we export ELECTRICITY, its CRIMINALITY to cut down trees for charcoal burning. AND so even the remotest of their areas ‘ve electricity linked long ago.
    Yet here this is when we’re chorusing Rural electrification.
    We should wonder less when there’s significant reduction in rainfall.
    Without leakage of exam papers, which is now trendy, we’re close to a desert and we do indisriminate cutting of TREES IN OUR COUNTRY. And of course the list is endless. A clear case of HAVES not wanting HAVE NOTS Climb same LADDER. Shame. Comment

  5. Mwaka

    Lol

  6. Gibson

    proud to be zambian
    always patriotic to my country

  7. CHISAZ Mr355

    ZED TOP 10 RICHEST MUSICIANS
    TODAY · PUBLIC
    TOP 10 RICHEST MUSICIANS IN ZAMBIA 2018 AND THEIR NET WORTH
    April 5, 2018 by S. Olawale — 1 Comment
    TOP 10 RICHEST MUSICIANS IN ZAMBIA 2018 AND THEIR NET WORTH
    So long as music is part of the beauties of nature, Africa has remained the hub of many gifted music stars. Over the years, many African countries have shown the world that Africa is prestigious in its production of talented musicians whose interesting songs continuously swirl across and beyond Africa. which is one of the reasons why we decided to showcase the Top 10 richest musicians in Zambia and their net worth 2018.
    In an attempt not to lag behind, this growing nation has continued to produce music stars at a fast-rising pace and since music is no doubt an inspiring quality, the Zambian audience will forever embrace these music stars with much enthusiasm.
    As lots of prominent musicians continue to reap benefits from their musical shows, the influx of new artists into the music industry has become so huge that even the unborn are passionate about becoming musicians.
    Kayombo
    So far Africa is concerned, Zambia is not excluded from the class of African countries with musicians who have not only earned great recognition but also amassed whopping sums of money through their active presence in the world of music.
    Who Is The Richest Musician In Zambia
    Music, as a whole, is a field that encompasses lots of genres. In this regard, many contemporary Zambian musicians have gathered efforts together in blending traditional country folk songs with modern styles. As a matter of fact, the modern musicians have used this medium to fashion out what is now known as Hip-Hop. And as the world would have it, Hip-Hop is arguably the most cherished music style throughout the world.
    The world of music is fast-growing and the need to make massive sums of money through creativity is very certain. Zambians, like many other Africans, are gifted and creative minds. Some of them understand the art of bringing aesthetic ideas into existence. And so, we aren’t surprised that the names of some notable artists from this country have appeared among Africa’s richest musicians.
    Since this post is aimed at shedding more light on richest Zambian musicians in the industry, some names of remarkable artists who have turned their impressive talents into wealth will be brought to your fingertips.
    But before we proceed, we have to note that most artists tend to make money through business dealings coupled with their active musical engagements encompassing constant shows, endorsement deals and sales generated from albums and records. With respect to this, we hope everyone understands how these talented artists have made great names for themselves.
    Also noteworthy is that some of the personalities on the list coming your way are not really musicians but reputable stars found in the entertainment industry altogether. Since music is part of the entertainment, the presence of these personages on the list is quite significant and acceptable
    Stay tuned to this post as the names are finally released one after the other:
    TOP 10 RICHEST MUSICIANS IN ZAMBIA 2018 AND THEIR NET WORTH
    1. Kayombo
    Kayombo
    Apart from his various investments, Kayombo has earned great recognition as a Zambian dancehall artiste. Likewise, this marks him as one of the country’s best entertainers. As regards his involvement in various investments, Kayombo is known as an active investor in boutiques, real estate management, among other services. As it stands, Kayombo is declared the country’s richest personality in the entertainment segment. At the same time, he is worth $97,000.
    2. Jordan Katembula
    Jordan Katembula
    Jordan Katembula’s prominence is buttressed by his constant presence in various investments with only a few of them specified here. With his current net worth estimated at $79,000, Katembula is associated with profit-yielding investments ranging from dealing in automobiles to several other unspecified business dealings. Apart from his investments, he is very reputable for his dignified presence in the music industry.
    3. Cactus Agony
    Cactus Agony
    Cactus Agony is known to have built a great business reputation for himself actually through his own business enterprise alongside that of his family. As he continues to bear active presence in the line of business, Cactus Agony also maintains his position in the entertainment industry. Meanwhile, the entertainer’s net worth is estimated at $77,000.
    4. Salma and Tivo Shikapwasha
    Tivo Shikapwasha and Salma are apparently a great couple who have buttressed their position in the industry with active participation in various business dealings. They make lots of money from their business dealings which include transport services, car hire, etc. Currently, they are declared to have acquired the net worth of $73,000.
    5. King Dandy
    King Dandy
    King Dandy is very eminent for his music style which encompasses political messages. From his politics-centered style of singing, King Dandy has earned much support and enthusiasm from the Zambian populace. With his net worth hovering around $72,000, King Dandy has been greatly favoured and rated above many other artists.
    6. Organized Family
    Organised Family
    The Organized Family is a blend of two personalities who have risen to fame due to their remarkable performance so far. Though the pair of artists (forming the Organized Family) are not as famous as they were in the past, they are still remembered for their hit songs. Meanwhile, the Organized Family is reported to be presently worth $70,000.
    7. Slap Dee
    Slap Dee
    Slap Dee is a star musician who has not only attained fame and fortune in the music industry but also magnified his wealth base through constant business dealings which encompass transport services, printing, clothing, etc. In addition to his status as the CEO of XYZ, Slapdee is believed to have gathered huge money for himself from his notable shows. Meanwhile, he is declared to be worth $68,000.
    8. Kanji
    Though the mainstay of Kanji’s wealth is largely attributed to her business investments, she is widely known as a reputable lawyer. Likewise, Kanji has made a name for herself through her several investment plans which are found within and beyond Zambia. At the moment, Kanji has the net worth of $61,000.
    9. Mc Wabwino
    MC Wabwino net worth
    Mc Wabwino’s name is a great mention herein. As regards his stance as a legend in the entertainment industry, Mc Wavbwino has been greatly favoured with some money which he receives on a monthly basis. This privilege has made him appear amongst richest musicians in Zambia as a leading entertainer and for that, he is declared with $59,000 as net worth.
    10. Ephraim
    Ephraim Artist
    Ephraim’s emergence into this list is quite interesting owing to the certainty that the artiste specializes in gospel songs. In addition to the artiste’s legendary status in producing gospel songs, Ephraim is known to have several business activities just to double up the earnings generated from music 11 CHISAZ Mr 365 general dealer of good used phone Chisaz is Net Worth is $29.000
    That’s all on Richest Musicians in Zambia 2018 and their net worth, share your suggestions with us through the comment box and like us on facebook.com/9jaquest .
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    Bukenya wyclise
    says
    October 8, 2018 at 7:37 am
    No one is richer than GOD, shaaa
    Reply
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