The confidence shown by investors in Zambia's policy direction and national stability is justified because the government has maintained attractive macro-economic fundamentals, the Times of Zambia reported on Monday.

Last week, an international sovereign and credit rating agency, Standard and Poor's Rating, affirmed its B+ long and short-term foreign and local currency sovereign credit ratings on Zambia on account of stable promising investment prospects in the mining sector, positive economic growth trends, moderate government debt and a robust external balance sheet.

This came on the heel of optimisms expressed by the World Bank and the International Monetary Fund on the country's economic prospects and the strides it was undertaking. Minister of Commerce, Trade and Industry Emmanuel Chenda told the Zambian newspaper that the southern African country had become a more attractive destination for foreign direct investment (FDI) and that investors the world over wanted to invest in the country because the government had worked hard to develop positive macro- economic fundamentals. "This investor confidence isn't coming from without. Today, Zambia stands as an attractive destination for investment because of government's commitment in developing macro-economic fundamentals for people to set up value addition ventures," he was quoted as saying. The Zambian minister however said his government would ensure that it maintains a single-digit inflation rate and steady annual gross domestic product (GDP) and foster the growth of a liberal economy by developing industrial clusters and multi-facility economic zones to further boost investor confidence. Endi

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