Economist Bright Chizonde has advised Zambians in the business world to invest and not save because the recently approved US$1.3 billion International Monetary Fund (IMF) bailout package will provide space for the country to grow in the next three years.
Chizonde said because of the space government is trying to stimulate in the economy,this is the best time for private investments to be made in line with the particular type of growth that the government is trying to put in place.
In an exclusive interview with the Zambian Business Times-ZBT, Chizonde said with the economy currently improving, there are indications that interest rates will start dropping hence it will become cheaper for companies and businesses to borrow and invest into their respectful trade.
He explained that everyone should be thinking of how to improve their customer base knowing that the business environment is slowly gaining its stability with the appreciation of the kwacha.
Chizonde added that it is time for people in the business world to look at their investment on a bigger picture because it has become cheaper to import equipment and other things.
The Economic Analyst noted that in order for companies and businesses to become more profitable, there is need to look at the function of two aspects with regards to profitability of improving the revenue side of the business and the cost aspect.
He said a combination of both aspects, revenue and cost is what companies and businesses are supposed to do in order to increase profits.
