Try Polish project financing packages –
……… the Polish Trade and investment Agency tells ambassador Mukwita
February 22, 2018
Some of the solutions Zambia is looking for in project financing and sustainable agriculture can be found in Poland, said the Polish Trade and Investment Agency. Whether the funding is meant for roads, housing or construction of factories, Poland offers some of the most competitive and attractive financial packages in the world, said Tomasz Pisula, the Agency president.
Speaking when Zambia’s ambassador to Germany Anthony Mukwita, who is also accredited to Poland called on him at his offices in Warsaw, Mr. Pisula said he was aware of the different project financing packages offered by different countries and can say with a measure of confidence that Poland has some of the most suitable packages for countries such as Zambia.
“We are aware of the interest rates charged on some of these packages hence our invitation to you to look at other options available”, Mr. Pisula told ambassador Mukwita. Saving details for another day, the Trade and Investment president told the Zambian envoy that his organization stands ready to lead a trade mission to Zambia of Polish business representatives.
‘All you need is indicate your desire for a trade mission, and we will put together a team and head to your country”, Mr. Pisula said enthusiastically to underscore Poland’s readiness to expand investment into Africa.
Ambassador Mukwita told Mr. Pisula that Zambia was already in talks with URSUS, a Polish company that is about to set up a tractor assembly plant in the country. Mr. Mukwita said the discussion confirmed Zambia’s readiness to diversify its investment portfolio by looking to Poland in addition to other parts of the world that continue to show interest in what the country has to offer,
“We are looking high and low for investment partners and are therefore willing and ready to work with you to bring Polish business to Zambia”, ambassador Mukwita said. The Zambian top diplomat in Germany told Mr. Pisula that Zambia’s President Edgar Lungu has reset his foreign policy from political to economic diplomacy. For this reason, Mr. Mukwita said his office embraces the offer for a trade mission which he will ensure takes off the ground sooner rather than later.
The Zambian envoy was in Poland to hold discussions with URSUS and officials from the Polish Ministry of Finance so that the tractor assembly plant that has already been agreed upon is constructed and begin operations. The 100 million dollar project is expected to create jobs, drastically reduce the price of tractors and contribute to President Lungu’s desire to see a mechanized farming sector in Zambia.