Categories: Business

2018 Investment Forum, Expo to boost economy – Kabwe MP

Kabwe Central Member of Parliament Tutwa Ngulube is expecting the 2018 Investment Forum and Expo to turn around economic misfortunes of the town following the closure of major industries.

The Kabwe Central Lawmaker hopes that the region’s biggest exhibition will result into job creation especially for the young people and stabilize the volatile economy caused by closure of major industries.

“We will take advantage of this Expo to voice out to the whole world that this Province has a lot of opportunities and has also untapped potential,” Mr Ngulube said.

“We’ve a lot of minerals, water resources, tourists attraction sites and land for agriculture, so I think this expo is a must attend for potential investors.”

The parliamentarian says Expo also presents an opportunity to voice out to the whole world about the investment opportunities in the region.

“Number one I think the target is to do what we simply call job creation because the number of investors that we’ll receive if they all set up they’ll create job and once the jobs are created the second potion we’re seeing is we should be talking about economic stability.

“We have a lot of youths that have completed schools and graduated from colleges and universities but are doing nothing, so this Expo will be an opportunity for potential investors to come and rake those experts and young labour,” he said.

Mr. Ngulube notes that about 90 percent of industries that were closed in Kabwe were in his constituency and hopes that the Government will start receiving investment proposals in the provincial capital.

He says Central Province in general has many investment opportunities and untapped potential which could help to change the economic outlook of the region and the country at large.

“As Member of Parliament for Kabwe Central, a constituency where 90 percent of the industries that were huge employers have closed down including Mulungushi Textiles, we of the view that Government will now begin to receive proposals from potential investors who will in turn be in a position to give us the prospective jobs and income and the industrialization of our tow,” he said.

He said it was sad that Kabwe which had over 300 industries today had less than 15 which had worsened the economic situation of the region and Kabwe in particular.

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