CHOMBA CALLS FOR CONSISTENT POLICIES TO WOO INVESTORS

By NAMO PHIRI

POLICY Analyst Kelvin Chibomba has called for consistent policy formulation and implementation if the Government is to restore investor confidence.

Mr. Chibomba said this was because unnecessary changes and policy shifts eroded confidence from prospective investors who would also not want to invest where they were assured of stability.

He said in an interview that there was, therefore, a need for the Government to be careful and ensure that a good image of the country was maintained.

“Investors are also looking for stability as one of the determinants as to whether or not they must invest because no one would want to invest where they feel their money is not safe,” Mr. Chibomba said.

He said it was unfortunate that most African countries had a challenge when it came to issues of consistent policy implementation but that lack of consistency eroded confidence adding that inconsistency also led to uncertainty.

And Mr. Chibomba said there was also a need for the Government to ensure that they maintained constant communication about the happenings in the country in as far as investment pledges and how far they had gone with them

“I have noticed that there have been concerns from different parties over the fact that there has not been much communication from the Government on how many of the investment pledges have been actualized, which is also not good because the people deserve to know what is happening,” he said.

He said what the Government ought to understand was that people keep tabs of what was announced and that as a result, it was important that care was taken in ensuring that they kept in touch and updated the people of what was happening and how far certain deals had gone.