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The Minister of Commerce, Trade and Industry of Zambia, Chipoka Mulenga, called for the European Union (EU) to provide easy and affordable credit financing to Zambian youths. The Minister made the appeal during the Africa Investment Forum and Awards held in Paris. The forum brought together over 700 business executives and investors eager to explore investment opportunities in Africa.
The Minister of Commerce, Trade and Industry of Zambia, Chipoka Mulenga, called for the European Union (EU) to provide easy and affordable credit financing to Zambian youths. The Minister made the appeal during the Africa Investment Forum and Awards held in Paris. The forum brought together over 700 business executives and investors eager to explore investment opportunities in Africa.
Mulenga stated that the lack of access to easy financing has kept the youthful population of Zambia out of employment and entrepreneurship opportunities. He added that if the youths are provided with the resources and finances, they will engage in meaningful activities to help resolve the unemployment level problem in the country. The Minister highlighted that working with partners like the EU will help in laying a strong foundation for Zambia’s energetic youths to develop socio-economic solutions on the continent.
Mulenga also expressed concern over African countries’ lack of access to European markets despite the various signed trade facilitation agreements. He seized the opportunity to woo French investment in Zambia, saying that the country has prioritized good governance, zero tolerance for corruption, protection of the private sector, and economic stability.
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Zambia’s Ambassador to France, Dr. Christine Kaseba Sata, spoke on the sidelines of the forum and called for deeper and strengthened Africa-EU partnerships on a mutually beneficial basis. Dr. Kaseba said that Zambia is endowed with natural resources and urged the EU to empower its citizens so that they can get value for their resources.
