Sanday Chongo Kabange, AfricaNews reporter in Lusaka, zambia
The Bank of Zambia has assured investors that the illness of Zambian President Levy Mwanawasa will not affect the country's investment perception. Mwanawasa was evacuated to Percy Military Hospital in France after he suffered a stroke on the sidelines of the AU Summit.
He has remained in France and authorities in Lusaka say his condition is “stable” and his doctors are happy with his recovery process.
Bank of Zambia Governor Caleb Fundanga told reporters at a quarterly news briefing in Lusaka that despite the serious illness of Mwanawasa, Zambia’s economy and investment in-flows will not be affected in any way.
Fundanga explained that the Lusaka government has put in place solid economic reforms and procedures as well as prudent investment policies.
He says “nothing will change” in the absence of Mwanawasa because government has set up systems that give confidence to investors and therefore Mwanawasa’s illness or his absence from the helm of leadership will not derail economic growth or chase away investors.
