caleb m fundanga : foreign private investment in zambia opening remarks by dr caleb m fundanga, governor of the bank of zambia, at the closing and dissemination workshop on foreign private investment and investor perceptions survey, lusaka, 20 january 2011. * * * the deputy secretary to the cabinet, mr evans chibiliti ; the deputy permanent secretary at the ministry of works and supply, mrs bweupe kaonga ; the mefmi executive director, dr elias ngalande ; the imf country representative, mr perry perone ; heads of government departments present ; chief executive officers of various companies and associations present colleagues from bank of zambia ; distinguished participants ; members of the press ; ladies and gentlemen. it is my honour and privilege to officiate at this very important closing and dissemination workshop of phase iii of the survey on foreign private investment and investor perceptions. as i welcome you all, i wish to convey my appreciation for your contributions to the success of this project. may i, in this regard, express our special appreciation to the private sector colleagues for their cooperation during the survey. let me also take this opportunity to extend my sincere gratitude to the private sector development ( psd ) programme, for providing financial support for this very important project. further, our thanks go to the macroeconomic and financial management institute ( mefmi ), and development finance international ( dfi ) for providing technical support to this survey. with their technical support, the government, through the balance of payments statistical committee, comprising representatives from the ministry of commerce, trade and industry, ministry of tourism and natural resources, zambia development agency, central statistical office and bank of zambia, was able to undertake this very important survey. distinguished participants, as you are aware, the zambian economy has recorded significant positive developments in the recent past, owing to the economic reforms the government has been implementing since 1992. these reforms have facilitated foreign investments in various sectors of the economy. these reforms have also resulted in zambia recording tremendous improvement in world ranking with regard to the ease of doing business. the favourable investment climate created has raised investor confidence in the zambian economy thereby attracting both local and foreign investments. ladies and gentlemen, the survey findings we are disseminating today show that the overall foreign private investment inflows in 2009, declined to us $ 935. 4 million from us $ 1, 932. 8 million recorded in 2007. this was explained mainly by the notable reduction in re - invested earnings, due to lower profits

bwalya k e ng ’ andu : workshop on zambian banknotes opening remarks by dr bwalya k e ng ’ andu, deputy governor ( operations ) of the bank of zambia, at the g & d workshop on zambian banknotes, lusaka, 22 november 2011. * * * mr. werner reisch and all resource persons from giesecke and devrient gmbh acting director – banking, currency and payment systems ladies and gentlemen i wish to welcome you all to this workshop on zambian banknotes and in particular allow me to welcome mr. werner reisch and his team from germany. as bank of zambia, we appreciate your efforts to organise this workshop and would like to assure you that by the end of the workshop all participants will have been enriched with new information on cash management. i am reliably informed that this workshop will be divided into two sessions, with this session targeting employees from bank of zambia and the next session that will take place tomorrow targeting commercial bank employees. ladies and gentlemen, as you may be aware g & d is a reputable printing company based in germany which has been in existence since 1852. the bank has a long standing business relationship with g & d going as far back as 1996 when the company first installed the iss 300 money counting machines in our currency office and subsequently the bds 400 banknote destruction system in 2000. the bank ’ s relationship with g & d developed further as the company was awarded a contract to print the k10, 000 denomination in the 2007 – 2009 currency supply contract. currently, g & d are the printers of all banknotes under the 2010 – 2012 currency supply contracts. further, g & d are the suppliers of the bank ’ s current banknote processing equipment, the bps 1000 machines integrated destruction system and the off - line bds 400 destruction system. distinguished participants, the bank of zambia, under the bank of zambia act ( 1996 ), is empowered to “ issue notes and coins to be legal tender in the republic and regulate all matters relating to the currency of the republic ”. in line with this function, the bank pursues a clean note policy which entails effective and efficient management of banknotes. we therefore, welcome this initiative by g & d to conduct this workshop, which is aimed at empowering the cash handlers from both the bank of zambia and the commercial banks with knowledge needed for effective and efficient cash management. i have noted that the programme covers topical issues such as bank