7NDP will promote policy consistency and coherence – PS Chabala

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The Zambian government says the International Financing Corporations (IFC) and the donor community have described the country’s 7th National Development Plan (SNDP) as being among the best development agenda in the continent.

Permanent Secretary in the Ministry of National Development Planning, Chola Chabala disclosed that the Seventh National Development Plan (SNDP)which was launched by the President His Excellency Mr. Edgar Chagwa Lungu, in June this year had received commendation from World Bank, Economic Commission for Africa, and the United Nations.

He said the World Bank described the Plan as the best practice that modeled development in Africa while ECA noted that it was one of the models that was driving the development agenda on the continent.

Chabala said Zambia’s development model has been applauded for its transformative agenda which integrates key areas of development pillars that included public-private sector participation.

He was speaking at the 2nd “Invest in Zambia” Conference currently under way in Johannesburg, South Africa attended by over 300 business and investment delegates from both Zambia and South Africa.

Chabala said Zambia was creating a diversified and resilient economy through investments in agriculture, manufacturing, human capital and strategies to reduce inequalities between urban and rural areas.

He ssid the Mining sector has failed to spur job creation despite recording steady growth over the years, hence the need for diversification and the creation of investor-friendly policies to enable easy facilitation of investments and businesses in Zambia.

And Zambia ‘s High Commissioner to South Africa Emmanuel Mwamba called on more South African and other African countries to invest in Zambia

He said Investors can invest in the agriculture sector as there is vast land in Zambia and good climate for commercial farming.

He said that his mission would pick the case of Trade Kings, that had invested in South Africa since 2010 but faced numerous regulatory and certification hurdles which resulted into non-tariff barriers against Zambian investors.

Meanwhile South Africa’s Head of Department for Trade and Industry Lerato Mataboge said her country was impressed to see Zambian products such as honey in most South African shops

Mataboge said South Africa was ready to see more different Zambian companies invest in that country’s economy.

She said that the coherent framework of coordination in Zambia is admirable and almost all Ministry have a common language and development direction after the launch of the SNDP.

She said this was critical given that previously there was a concern from investors about policy inconsistencies by Government.

She said this coordination mechanism was something South Africa could learn from.

And the Zambia-South Africa Business Forum (ZSBF) Vice Chair Zandile Tshabalala commended the SNDP framework and encouraged countries like SA to learn from Zambia.

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One Response to 7NDP will promote policy consistency and coherence – PS Chabala

  1. Could be the best, but however it is the implementation that matters most. South Africa has what is described as the best constitution and yet in practice…….? For all I know this dvelopment plan was a result of copy and pasted from various articles.

    PM
    November 3, 2017 at 9:17 am
    Reply

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