American investors take interest in Luapula province

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Luapula Province Permanent Secretary Boniface Chimbwali has appealed to local and international investor to utilise the investment potential available in Luapula province.

 

Mr. Chimbwali says the province has vast investment potential such as in  rice cultivation which if exploited could feed the whole  continent of Africa.

 

In addition he said , the fish industry could also be revamped through modern fish production technology as it was unacceptable to see fish from Lusaka and China being sold in Luapula.

 

ZANIS reports that the Provincial permanent secretary  said this when a Team of American Investors  under Assisting Hope Foundation based in Wichita, Kansas of the USA paid a courtesy call on him on Friday.

 

Mr. Chimbwali has since called for a wider consultative meeting with the provincial planning Unit, lands, fisheries and local mining departments to look at the possible areas of partnerships and facilitate communication and cooperation.

 

The Permanent Secretary said President Edgar Lungu loves Luapula and would like to see development come to the region.

 

Mr.  Chimbwali said president Lungu has given his personal commitment to uplift the living standards of the people in the area.

 

He added that previously the province was renowned for being the major fish producer in the region but due to wrong fishing methods, the scenario has completely changed but it could be restored with the required determination.

 

Mr. Chimbwali disclosed that the national fish deficit was huge which has even caused the China to bring frozen fish to Zambia for sale.

 

And team leader David Chack said vocational training was important to him and he would like to look at ways of how American Companies could donate tools to graduates in Luapula in order for them to start-up Companies in the region.

 

He said there was need to look at technology transfer in many areas of economic potential in the region through the promotion of partnerships between Zambian businesses and those based in Wichita, Kansas in America.

 

And Pardon Mwansa, who is a Guest Lecturer at Rusangu University and also a Chancellor at a University in Kenya said it was his time to pay back tangible investment to his home region Luapula.

 

He said he has done a lot for other countries when his home region has not benefited much and would explore partnerships with serious minded people in Luapula for them to partner with American Companies for investment to uplift the profile of the region in Africa.

 

He said he would do everything possible take to make a significant contribution to Luapula.

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