ECONOMIST Chibamba Kanyama says the approach taken by President Hakainde Hichilema to personally engage prospective investors is necessary given some negative perceptions about the country. In an interview, Kanyama said some investors have a strong view that Zambia is a corrupt country with rigid bureaucratic processes, thereby affecting investments in the country. “The approach by President Hakainde Hichilema to personally engage prospective international and local investors is necessary given the poor perception of Zambia as a solid investment destination by the world’s most risk-averse but highly impactful corporates. For many years, Zambia has not attracted multinational corporations in the most needed sectors such as manufacturing because of negative perceptions around policy reversals, political risks and generally low demand owing to…...

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