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Tuesday, January 31, 2023
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HomeNewsCOPPERBELT ECONOMIC OUTLOOK BRIGHT-MATAMBO

COPPERBELT ECONOMIC OUTLOOK BRIGHT-MATAMBO

THE Copperbelt Province is recording an increase in the number of economic activities due to the conducive political environment the United Party for National development (UPND)-led administration has created.

Copperbelt Minister Elisha Matambo says the increase in economic activities in the province will help spur growth and development of the country.

He said investors and enterprise was now free to conduct business without political interference which was good for the economy.

“we are happy that peace has been restored in the province. It is now a safe place to invest and conduct business,” he said.

Mr. Matambo said this when the Bank of Zambia (BoZ) board members and officials led by Governor Danny Kalyalya paid a courtesy call on him at his office yesterday.

The members commended the Central bank team for the efforts being made to recover the economy as it would be seen from the appreciation of the Kwacha, the drop-in interest rate and maintaining the Monetary Police Rate (MPR) at nine per cent.

Mr. Matambo said the appreciation of the Kwacha would help reduce the cost of doing, business and production in the country.

Dr. Kalyalya who observed a pickup in economy activities said the Copperbelt was still the engine of the country.

He said the central bank would continue working hard to ensure the country continued to record positive economic growth.

The governor and his delegation were in the province to engage with various stakeholders from the region.

Dr. Kalyalya said Lusaka was not Zambia and that was the reason the central bank was conducting some of its activities every year in the northern region.

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