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Zambia a powerful lever for Africa’s economic growth – Standard Bank

STANDARD Bank says Zambia is seen as a powerful lever for economic growth of the African continent. Standard Bank chief executive officer for Africa region Sola David Borha stated that the Southern African country’s economy was key in the continent’s growth.

Borha said Zambia’s participation at the roundtable discussion on economic diplomacy represented by High Commissioner to South Africa Emmanuel Mwamba was important. The roundtable attracted several chief executive officers from the private sector, diplomats and representative of other government agencies, according to a statement issued by first secretary for press at the Zambian mission in Pretoria Naomi Nyawali.

Meanwhile, High Commissioner Mwamba  says Africa’s $9 trillion investment in infrastructure had made the continent to be one of the fastest growing economies in the world.

Speaking at the roundtable discussion held at the Standard Bank head office in Rosebank, Johannesburg, High Commissioner Mwamba said Zambia was happy with Africa’s positive economic outlook despite negative international media reports on the continent.

He encouraged the countries to continue investing in infrastructure development to unlock Africa’s potential in agriculture, tourism, commerce and entrepreneurship.

High Commissioner Mwamba further urged African countries to increase trade among themselves.

“The continent has the best business prospects and South Africa should consider importing Soya Cake from Zambia which is in abundance unlike importing from South America,” said High Commissioner Mwamba.

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