August 24, 2005, Zambia Daily

The Zambia Investment Centre (ZIC) says there was need to ensure that the immigration and land policies were complementary to each other to promote investment flows in the country.

ZIC director, Jacob Lushinga said it was important to check the two policies on whether they were in conformity with each other.l

“Currently, the two policies were affecting businesses in the country in terms of lthe establishment of new investments,” he said.

Mr. Lushinga said this on Monday at the stakeholders workshop on investment policy review of Zambia in Lusaka.

The meeting was attended by Government and the private sector and organized nby the Ministry of Commerce, Trade and Industry, United Nations Conference on Trade and Development and Consumer Unity Trust Society- Africa Resource Centre.

Mr. Lushinga also said commercial disputes were among other issues that adversely affected investment flows in the country.

He also said microeconomics stability was vital, adding that since 1991 after the liberalization of the economy there had been slightly increased investment flow in thecountry.

He cited Tanzania, Kenya, Uganda as some countries that were doing much better in attracting foreign direct investment because of policy frame work being receptive to investors.