An Economic Activist has called on the government to promote local investment in a bid to recover financial development post-COVID-19.
Speaking in an interview with Money FM News, Dr Charity Musamba said, “The country has been over-dependent on Foreign Direct Investment (FDI) which has also been hit due to the current global economic surge, hence presenting a great opportunity for local investors to thrive.”
“Despite external investment bringing in a positive development, the country will not flourish on it alone; therefore there is need for local stockholders to be given a platform to enhance development,” She added.
Recently the Zambia Development Agency announced that most of Zambia’s foreign direct investments and export destinations will adversely be affected by the COVID-19.