President Edgar Lungu says Zambia has not done much to diversify its economy.

President Edgar Lungu has observed that Zambia’s record of diversification has not been satisfactory.
Speaking when he officially opened parliament on Friday, Mr. Lungu stated that about 80 per cent of Zambia’s export earnings come from copper.
President Lungu noted that this leaves Zambia highly vulnerable to fluctuations of global economy.
He says that the country needs to draw lessons from other countries, and emphasized that privatization is key economic to diversification.
And president Lungu has directed that local authorities should be championing local tourism at local level in all districts.
He explained that this will promote and expand local and foreign tourism.
President Lungu also says that government remains firmly committed to rapidly developing Zambia’s infrastructure.
He however, observed that financing for infrastructure projects remains a serious challenge.
Mr. Lungu explained that government is therefore, exploring innovative means of financing capital projects including PPP, Public Private Partnerships.

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