HH Reveals Legislative Reforms to Support Businesses

President Hakainde Hichilema has said that the government has embarked on a series of legislative reforms, aimed at fostering the private sector and an investor-friendly operating environment.

President Hichilema said that the reforms are a demonstration of his administration’s commitment to delivering on campaign promises to Zambian citizens. He added that the government has, in a similar vein, created ministerial portfolios that are relevant to supporting business, innovation, and the green economy in line with global challenges and opportunities.

Speaking virtually at the U.S.–Zambia Business and Investment Forum, the President said the US, as a leading global economy with dominance in various sectors, is well placed to help realize the investment potential in Zambia.

Mr. Hichilema expressed his confidence that the engagements at the business forum will lead to productive exchanges, and the creation of lasting business and investment partnerships.

It is expected the forum will serve to further consolidate and strengthen the warm bilateral relations that exist between Zambia and the US, as the two countries open up more opportunities for enhanced trade and investment flows.

Strengthening relationships such as this and bolstering Zambia’s attractiveness to investors represent key tenets of HH’s campaign promises to restore the crumbling economy, so it is pleasing to witness them unfolding.

Indeed, President Hichilema urged new US investors to partner with Zambian businesses, to maximize prospects for successful market entry.

The President went on to note that Zambia has developed its national industrial policy, aiming to transform the country from a producer and exporter of primary products into a net exporter of value-added goods. This will only serve to help the country become more financially stable independent.