Govt Urged To Address Investor Confidence, Former finance minister

Situmbeko Musokotwane

Former finance minister, Situmbeko Musokotwane has advised the PF government to quickly address the country’s dwindling investor confidence.

Dr. Musokotwane has told MUVI TV News that the recent downgrading of the country’s economic outlook from stable to negative is due to the misguided economic policies of the PF government.

He says the downgrading by FITCH is worrying because investors tend to make their decisions based on such ratings.

Dr. Musokotwane, who is aspiring to lead the MMD as its President, said some investors have expressed concern with the PF’s uncertain economic direction.

The former Finance Minister was commenting on the recent downgrading of Zambia’s economic outlook from stable to negative by FITCH international rating Agency.

meanwhile, the PF says Zambia’s latest economy rating from stable to negative by Fitch Ratings is meaningless and aimed at misleading Zambians.

Speaking on last night’s edition of the assignment programme dubbed” THE PF IN GOVERNMENT”, Party Secretary General Wynter Kabimba says the rating is meant to work at the psychology of Zambians.

He adds that the PF government has done nothing so far as to erode investor confidence in the country.

Mr. Kabimba says the current economic policies of the party are investor friendly but that the emphasis has been that of ploughing back into communities where they operate.

He has further stressed the need for investors not to externalize profits.

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Category : Business.
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