The Zambian Embassy in Ethiopia has disclosed that it will collaborate with Chambers of Commerce in Zambia and Ethiopia to appoint a board to drive private sector trade and business between the two countries
Ambassador Emmanuel Mwamba says this following announced plans to establish a business forum between the two countries.
Mr. Mwamba says links for the private sectors of the two countries need to be formalised as Zambia will benefit from Ethiopia’s fast-growing economy and vast population.
This is according to a statement issued to Money FM News by First Secretary Press and Tourism at Zambia’s Embassy in Ethiopia, Inutu Mwanza.
Mr. Mwamba who was recently appointed as ambassador to that country says he is impressed that the economy is booming being driven by local people and local investors
He also says he will market Zambia’s tourism products to the Ethiopian tourists to sample the heritage and tourism sites in Zambia.
Mr. Mwamba who is also accredited to the African Union as Permanent Representative, said Zambia’s role at the African Union would be to champion calls that promote regional trade and integration of local economies.
He said it was unacceptable that Africa currently trades with the rest of the world up-to 88% and only trades with itself to a paltry 12%.
He said by this action Africa was inadvertently exporting jobs, opportunities and raw materials thereby stifling prospects of implementing industrialisation program and losing benefits of upwards linkages.