The Public Policy Institute of Zambia (PPIZ) says there is need for Government to come up with a deliberate policy that will encourage local people to invest more in the country.
The Institute has also hailed the decision by the government to review the US$500, 000 minimum investment capital in the Multi Facility Economic Zones (MFEZs).
PPIZ President Fabian Chewe tells Money FM News that for Zambia to promote industrialization, there is need to encourage local investors to invest in these zones.
Mr. Chewe says foreign investors manage to invest in these zones because they have capital.
He says it is clear that foreign investors access loans cheaply because interest rates are low.
Mr. Chewe cites Europe saying investors coming from that continent have access to cheaper loans when compared to the locals.