Stability of political Environment Critical to Investor Confidence – Kalumba

Former Finance Minister Katele Kalumba has observed that the stability of the political environment is critical to investor confidence.

Dr. Kalumba says he understands that such stability removes uncertainty even to the smallest investor.
He has told Qfm news that this is why he personally feels that the country is not doing enough to create such stability of the political environment.

Dr. Kalumba, who was Cabinet Minister under the MMD government, says there is need for the country to create a stable and certain political environment.

And Dr. Kalumba has observed the need for government to give incentives to credible mining houses in the country to invest in the expansion of Zambia’s mineral smelting capabilities for capacity.

He says this is because the only smelter that the country has at Konkola Copper Mines (KCM) Nkana mine is not adequate to meet all the capacity needs of the country’s mines.

Dr. Kalumba says Zambia is losing out for not having adequate smelters.

Posted by Editor on June 22, 2014. Filed under POLITICS. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry