Lusaka – PresidentEdgar Lungu says Zambia is committed to addressing shortcomings in the tourism and minerals sector that stifle the country’s economic prospects, as recommended by the African Peer Review Mechanism (APRM).
The recommendations stem from a review by experts assigned by the APRM Forum of Heads of State and Government last year.
This week, President Lungu pledged that the country would implement the recommendations that are designed to enhance Zambia’s self-reliance in the tourism and minerals value chains.
“The observation of limited marketing strategies for the tourism products as a challenge is a real one and this is what has overshadowed the numerous tourist attractions in Zambia,” noted President Lungu in a statement issued by Foreign Affairs Minister Joseph Malanji
On retaining Lower Zambezi as a tourism site as opposed to converting it into a mining area, President Lungu acknowledged the APRM recommendation for more feasibility studies on what is the best way forward.
Zambia’s Head of State and Government conceded there had been inconsistencies in application of the mining policy, which has been reviewed more than 10 times in recent years.
“I do agree with the observations in the (APRM) report that frequent tax change regime affects long-term investment of the mining companies. Nevertheless, I wish to clarify that, in the national interest, the government is compelled to make such adjustments to ensure that we have a win-win situation for all parties involved,” President Lungu said.
He also said his government was committed to ensuring communities benefitted more from mineral resources extracted from their localities.