Renowned Economist has urged government to manage the Konkola Copper Mine (KCM) issue well with international investors.
Speaking in an interview with Money FM News Chibamba Kanyama said government should communicate to international investors, that are anxious about the happenings at (KCM) that the happens will not happen elsewhere and that the matter involving KCM specific to the mining firm.
Mr Kanyama said the taking over of KCM by government was inevitable following the recent happens at the mining firm.
“Most of us begun to speak about it last year, however let us manage it well” He said.
He says government must mention to the global investors that they should not panic about the happens at KCM as it does not reflect what is happening elsewhere.
Mr Chibamab says government must make it clear to investors that as long as the adhere to best business practices government will not intervene in their management.
And Mr Kanyama has also charged that the increase in the monetary policy rate by the central bank was inevitable.
He said the decision taken by the central bank is a temporal cure to the inflationary pressure that the country is facing and should not be amused for too long.
Mr Kanyama says bank of Zambia should inspire confidence in the economy with long term measures.