LUNGU calls for economic innovation

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President Edgar Lungu says Zambia and Malawi will only effectively attain long term economic growth, once the two countries innovate and transform their economies.

President Lungu says this can be done through opening up of new modern and higher technology opportunities in the production and export sector.

 

President Lungu says this will enable the two countries to create the much needed decent jobs for the growing population of educated youths.

The head of state says that Africa’s future lies in the diversifying of production and export base so as to become competitive on the international market.

 

The President was speaking at the 51st independence anniversary celebrations for Malawi at Kamuzu Stadium, in Blantyre.

He says economic transformation and diversification will contribute to shared prosperity and improve the standard of living of the people.

 

 

President Lungu has further said the political independence should be used to fully harness and exploit the immense natural resources for the improvements of the livelihood of the peoples of the two countries.

He has added that independence should inspire hard work in the quest to eradicate hunger, poverty, joblessness and disease.

 

 

President Lungu has urged the people of Malawi to use independence to realize their dreams of economic freedom and prosperity as they move towards economic transformation for inclusive development.

He has noted the need to seize the African union Agenda 2063 and the economic initiatives devised by COMESA and SADC in collective efforts to accelerate economic transformation.

 

 

Meanwhile, President Lungu has congratulated Malawian President Professor Peter Mutharika and the people of that country for inviting him to officiate at the celebrations to mark the crossing of half a century of independence.

He says the long historical relations between the two countries will continue to grow stronger for the mutual benefit of the two countries.

 

 

Earlier President Edgar Lungu arrived at Kamuzu Stadium in Blantyre – Malawi to grace that country’s 51st Independence celebrations driven in an open military Land Rover vehicle with his counterpart Peter Mutharika.

The two leaders were arrived at 10:40 hours and welcomed to a thunderous atmosphere in the stadium.

First Lady Esther Lungu is part of the celebrations.

 

 

Foreign Affairs Minister, Harry Kalaba and his counterpart for Tourism and Arts, Jean Kapata, together with Eastern province Minister, Malozo Sichone are also at Kamuzu stadium.

PF Deputy Secretary General Mumbi Phiri and other government and party officials are also witnessing Malawi’s 51st independence anniversary.

Kenya is being represented at the event by its Vice President William Ruto.

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