Times of Zambia, 23rd April 03

Stakeholders who attended a national consultation on Foreign Direct Investment (FDI) policy and practice in Zambia have called for the early drafting of a national investment policy for Zambia.

The adoption of a national investment policy would be the immediate priority for Zambia to overcome the existing difficulties in attracting sufficient investment said Mr. Richard Chavula of the Zambia Investment Centre.

He was presenting a paper on the role of coordination among sector regulators in promoting FDI to Zambia. Though there are several sectors regulatory bodies that deal with investment decision in Zambia, they lack any workable coordination arrangements, which cause a lot of delay in the decision making process, he lamented.