HERALD

President Hichilema urges Africa to mobilise domestic capital

Zvamaida Murwira

COMESA Vice Chairperson and Zambian President Hakainde Hichilema has called for a mindset shift among African countries, urging them to mobilise domestic resources and invest in their own economies rather than relying on Western capital.

Delivering his maiden speech at the ongoing 25th COMESA Heads of State and Government Summit in Mount Hampden, Zimbabwe, President Hichilema challenged African countries to abandon the perception that investment should primarily come from Europe and America.

“Let’s invest together. Let’s produce together. Let’s remove the stereotype mentality that investment comes from Europe, that capital should come from America,” he said.

 

“Capital should come from ourselves. That should be our approach.”

President Hichilema also called for the removal of bottlenecks in the transport sector and at border posts, saying these hinder trade and limit the movement of goods across the region.