Minister calls for greater Integration

The Deputy Minister of Finance and National Planning of Zambia, Honourable Keith Mukata has called for enhanced economic integration in the SADC region through increased trade and investment in region amongst member states.

 

Hon. Mukata said this when he officially opened the SADC DFI Network biennial meetings in Lusaka on 13th June 2013. The Minister was welcome to the meeting by the Chair of the SADC DFI Network,  Ambassador Leonard Iipumbu, DBZ Board Chair, Mr. Robert Chomba, Mr. Jacob Lushinga, DBZ MD and Mr. Stuart Kufeni, CEO of the DFRC.

 

Mr. Mukata also said that individual member states in the SADC region had recognised the important role that DFIs could play in promoting investment, and that they had put measures in place to strengthen these institutions. He highlighted the case of Zambia,  where the Development Bank of Zambia had been recapitalised with a view to expanding its operations and its role in the Zambian economy.

 

He also recognised the regional level measures that SADC had initiated, such as the creation of the Project Preparation and Development Fund and the Regional Development Fund to promote infrastructure development in the SADC region.

 

Download the rest of his Speech here.