By ROGERS KALERO INVESTORS are not interested to invest in Zambia because there is political instability and the country’s democracy is dwindling, Socialist Party president Fred M’membe has said.Dr M’membe said no investor can invest in a country where the Government was creating a hostile political environment.‘right now, investor confidence was low and that the country should not underestimate this situation because it will have a negative impact on the economy. It’s not only economic factors that affect the Kwacha but also perceived political instability.“Take the PF wrangles as an example. These wrangles have also resulted in perceived political instability in the country and consequently foreign investors are cautious to make decisions to invest in Zambia,” Dr M’membe said.He advised the Government to stabilise the political space so that investment can flourish because what was transpiring was bad for the country.Dr M’membe said rebuilding investor confidence would be critical as more investment would come in, attract more […]
Political instability scaring investors, says M’membe
