Govt’s economic reforms are fair, says Sichinga

THE GOVERNMENT’s economic reform programme is fair and offering some of the most attractive incentives in Africa, says agriculture minister Robert Sichinga.

Reacting to assertions by Economic Intelligence Unit (EIU) representative Sheila Rai that investors were nervous about signs of regulatory controls that seemed to place capital restrictions on investors, Sichinga said the ongoing reforms in the economy were intended to make the playing field fairer and to encourage more foreign invenstment and ensure mutual benefit for both investors and Zambians.

“There are no capital controls and there are no restrictions whatsoever regarding profits that investors make. What we have done is simply to empower the reserve bank (Bank of Zambia) with an instrument to monitor the value of exports.