President of the Private Sector Development Association (PSDA) Yusuf Dodia has said that the political instability in the country can slow investment.
Mr Dodia who was speaking during a telephone interview with The Lusaka Star said that a politically destabilized society creates an unsafe environment for investors both externally and internally.
He said that instability also tends to create a hostile environment towards international investors as it raises a lot of questions to whether it is safe to make investments in a country or not which is in turn paints a bad picture for a developing nation.
“Most investors will tend to live in fear with a notion of only investing in short term businesses such as shop renting and trading and any kind of businesses which use savings accounts and property that can easily be liquidated in a short period of time rather than long term businesses such as real estate, premise investment, capital investment, loans, bonds, shareholding in buying and selling that can create employment and contribute to the country’s economic growth,” he said.
He said that a politically stable nation attracts good investors and good investors greatly impact the country’s economy by offering employment, capital investment, loans and increases productivity.
Mr Dodia further advised political leaders to take care of the well-being of the people and that they must by all cost encourage peace as they are the leaders and drivers of the country’s economic, political and social landscape.