ZAMBIA is failing to use its geographical position to its economic advantage, says finance minister Dr Bwalya Ng’andu.
And the Zambia Airports Corporation has revealed that it made over K80 million in profits in 2018.
Speaking when the corporation presented a K5 million dividend cheque to the ministry, Dr Ng’andu said Zambia needs to improve its facilities to position itself for economic gain.
“Where we sit, we are surrounded by eight countries which basically makes us a natural hub but we have not taken advantage of our geographical position so that it translates into a strategic advantage for us. We should be the natural hub, we should be the country where everybody else is coming to connect either with Europe, Asia…because we are centrally located,” said Dr Ng’andu.
“But I do realise that for that to happen we need to upgrade our facilities which is why government is focused on upgrading and constructing infrastructure here in Lusaka and Livingstone and in Ndola so that we have modern facilities that will enable us to handle high volume traffic, airlines and better service.”
Meanwhile, ZAC deputy board chairperson Prisca Chikwashi said the organisation had paid over K3 million to the government in taxes alone.
“From a financial perspective, you may be interested to learn that the corporation made a profit after tax of eighty million four hundred and ten thousand five hundred and 38 kwacha (K80,410,538) and paid taxes to government in the amount of K3,217,930,” stated Chikwashi.