HH secures $25.8 billion in pledges to revitalise Zambia’s economy

Filed under: Breaking News,Business |

Zambia’s opposition UPND president Hakainde Hichilema says he has secured pledges in investment totaling $28.8 billion from the United States of America when he forms government.

Hichilema or HH as he is commonly called who is in the US disclosed this in a statement below made available to Zambian Eye:

We made a presentation yesterday at the Woodrow Wilson Center where we discussed the state of play in Zambia. The audience’s main interest were the human rights and economic situation in the country. They were also interested to know what we would do differently if we were in office.

On the human rights abuses, we assured them that we as opposition charged with the responsibility of providing checks and balances will continue holding the PF government accountable.

We reiterated our resolve to amend certain pieces of legislation such as the colonial Public Order Act that limits people’s freedoms of assembly and does not conform to the current international standards and norms.

On the economy the various stakeholders we engaged in a side event, especially investors, are very worried about the mounting debt. We requested that the investors in the room could begin to speak to their fellow private sector players on possibility of debt restructuring. They made a commitment that once they see a serious commitment to fiscal discipline, they are willing to help the country to renegotiate the debt held by private sector.

We spoke about the opportunities for the investors to come and partner with our Zambian businessmen. They had no objection to creating joint ventures. They pledged investment of about US$25.8 billion over a period of 5 years. They are interested in electricity, agriculture, tourism, manufacturing, infrastructure and mining. The bulk of their investment will be in electricity generation and portfolio diversification, they also see agriculture and tourism as main foreign exchange earners. They believe that reliable infrastructure will also provide dividends to their investment. They repeated the pledge for joint ventures as long as the government has policy consistency and fiscal discipline.

Ultimately the stakeholders we met are very optimistic about the country after we shared our plan for revitalising the economy. They placed the onus of creating a Zambia we want, on ourselves as citizens of the country. Our appeal to all Zambians is that we need to work together and ensure a peaceful and democratic transition by massively voting for UPND in 2021 so that these investment pledges can come forth. We have a great plan and vision for Zambia. Let us all seize the moment to rebuild our great country.



12 Responses to HH secures $25.8 billion in pledges to revitalise Zambia’s economy

  1. indeed my incoming president you have articulated well, the people can see the potential in you , you deserve to be president

    philip sibeye
    October 18, 2019 at 1:28 pm

  2. indeed my incoming president you have articulated well, the people can see the potential in you , you deserve to be president

    philip simbeye
    October 18, 2019 at 1:37 pm

  3. Well spoken my president you are the only hope we have as Zambia the current government is really safocating us, cost of living very high yet salaries are static,no rule of law the fat cut is above instead of protecting they are killing us the country is being led my instilling fear in us innocent people being killed in a christian nation.what am i getting at is Zambia is tired of this fake democracy cadres have became council workers busy demacating land no one is questing them.I wish every zambian could rise up and think wisely in casting that vote as for me my vote is nolonger a secret niforward fye!

    October 18, 2019 at 2:30 pm

  4. Well articulated our president and we can at last be served by a vision oriented person who is more interested in improving our country’s economic backfall which currently seems impossible because we are dealing with wrong people without any vision..God Bless you My President🙏🙏

    Jackson Chama Prince Jr
    October 18, 2019 at 4:22 pm

  5. Fuckers, please vote for HH, we have run out of patience. We can’t stand this bullshit anymore.

    Moses Musa
    October 18, 2019 at 7:05 pm

  6. WHO is pledging this money exactly and at what cost? What are they expecting in return?
    I dislike PF intensely, can see they are total incompetent morons that have no business running a country, but these kinds of promises of BILLIONS of dollars don’t come from the goodness of anyone’s heart.
    These are not grants, they don’t come for free. WHO are these people/companies, what do they want as collateral or ownership? There needs to be a lot more details provided. All that is said is the areas they are interested in investing in. Does investment mean ownership?
    Hold HH accountable to providing tangible evidence of what they plan to provide and what at cost to Zambia.

    October 18, 2019 at 8:23 pm

    • Lawrence Bwalya and Newbie. You have spoken very sensibly.

      Moses P Sichula
      October 19, 2019 at 11:23 am

  7. Im sorry HH is power hungry for nothing. I am non partisan, but suffice to say that HH is behaving as if he has already won the elections. To be objective, HH is not a presidential material. May God inspires and guides well the Zambians in 2020.

    Lawrence Bwalya
    October 19, 2019 at 11:21 am

    • What is the meaning of presidential material, Lawrence Bwalya? The PF seem more scared of HH and Chishimba Kambwili than anything else. That, in itself, makes those individuals presidential material, love them or hate them. You do not see PF getting excited when Mulyokela speaks? The answer is because in the eyes of PF, Mulyokela is a joke (not presint material) while these two (HH & Kambwili) individuals are a serious threat, thus presidential material!! So, stop this nonsense of who is presidential material or not. If Lungu with all his weaknesses (beer issues, women issues, money issues-stole widows funds) can be president, the bar to beat is already too low! Even you Lawrence can be president!!!!!!!

      October 19, 2019 at 8:52 pm

      • Well said , brother. Actually even a goat like u Bwaywa can be presidential material depending on who is looking at the issue.

        October 22, 2019 at 10:40 am

    • Mr uBwalwa or whatever your name is, is Lungu presidential material? Yet he is president? Was Sata ever presidential material? A thousand times NO and yet he was president and even left us in this mess? Do you think you are an authority on who who is presidential material and who is not?

      October 22, 2019 at 10:37 am

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Start: 2019-07-01 End: 2019-07-31