Kamwala Shops – by Lebanese
Banks – by Nigerians, South Africans, and British
Shopping Malls – by South Africans
Mobile Networks – by Arabs, South Africans
Zambia National Broadcasting Co-operation ‘ZNBC’ – by Chinese
Zambia Sugar – by South Africans
Mines – by Americans, Australians, Indians, and Chinese
Mine Contractors – by Chinese, South Africans-Boers
Zambeef – by Irish
Zanaco – by Dutch
Trade kings – by Indian
Carlifornian Beverages – by Indian
Zamefa – by Mexican
Mulungushi Textiles – by Chinese
Cement – by Nigerians, Europeans, and Indians
And now, Zambian Oil – by British
We still want foreign investors? To do what exactly? Shouldn’t we be building the capacity of our local investors?
The problem with Zambians is we misunderstand development. We seem to think because the shopping mall looks beautiful, then there is development. No, the opposite is actually true. We used to have markets; in those markets we had Zambians selling merchandise. Today we donate all that money to building sky scrapers in Johannesburg and our business people have lost business.
An Indian friend once told me “I am more Zambian than you because we own more than Zambians do in Zambia”. Calling for foreign investment is a remnant of a colonialist mindset. What we should be doing is creating Zambian owned shareholding and where necessary, we could get a management company to manage that entity.