COMMERCE, Trade and Industry Minister Chipoka Mulenga says government is restructuring the country’s Foreign Direct Investment (FDI) model by promoting joint ventures, in order to reduce overreliance on foreign capital. Commenting on remarks by Economist Noah Kabwita, who recently said Zambia needed to cut dependence on FDI, Mulenga said government was already addressing the challenge of capital generation through partnerships that involved local participation. “In the past year all the investors that came were solely owned by foreign nationals but we have changed the narrative and the model. Many times, the president has clearly said we need partnerships and joint ventures. Through partnerships and joint ventures, you will see that there’s share of capital, share of technology, there’s share of...