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EQUINOX VISIT ZAMBIA MINERALS LIMITED 10 Re-Defines Corporate Citizenship

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EQUINOX VISIT ZAMBIA MINERALS LIMITED 10 Re-Defines Corporate Citizenship DISCOVER VOLUME 5 2010/2011 REASONS WHY YOU SHOULD EQUINOX VISIT ZAMBIA MINERALS LIMITED 10 Re-defines Corporate Citizenship OPPORTUNITIES ABOUND STRENGTHENING RELATIONS Between Zambia And Canada Come on in, you”ll love it. One Zambia One Nation Discover Zambia | 3 Table of Contents DISCOVER ZAMBIA MAGAZINE 5 Message from the President of Zambia Editor-in-Chief Dr. Nevers Mumba High Commissioner of Zambia 6 Message from the Foreign Affairs Minister High Commission of The Republic of Zambia 7 Message from the High Commissioner to Canada 151 Slater Street, Ottawa, ON K1P 5H3, Canada 8 The national profile of Zambia Tel: (613) 232-4400 Fax: (613) 232-4410 10 Trade and investment opportunities www.ZambiaHighCommission.ca 12 Attractions in beautiful Zambia Group Publisher Moses A. Mawa 15 The Zambian national anthem Editorial Director Patricia Bebia Mawa 16 Discover Zambian words for sharing Associate Editors Chibie Okoye Donna Smiley 18 CEO Craig Williams on the Equinox vision Ope Linda Olurankinse Nicole Waldron Keri Kauffman 22 A taste of Zambian cuisine Art Director Uday Modi 23 Lusaka, the capital of Zambia Creative Team Anthony Goodhoofd Yvonne Stanley 24 Facing and overcoming challenges Development Planet Africa Network Inc. 25 The Lumwana success stories www.PlanetAfricaGroup.com Design Studio Silvertrust Communications 30 Dr. Mumba now President of Ottawa Diplomatic Association 32 10 reasons for visiting Zambia Disclaimer Discover Zambia magazine is a publication of the Zambia High Commission in Ottawa, Canada, and it was developed by Silvertrust Communications 34 The first Canadian trade mission to Zambia and Planet Africa Group. The views and opinions in the magazine do not necessarily reflect those of the publisher and its partnering agencies, supporters and advertisers. The products as well as services in the publication are not necessarily endorsed by he publisher or the associated 36 Events regarding the Zambian High Commission project partners. October 2010 38 The Diaspora in developing Zambia 4 | Discover Zambia Message From His Excellency Rupiah B. Banda President of The Republic Of Zambia 5 Message from the President of Zambia 6 Message from the Foreign Affairs Minister 7 Message from the High Commissioner to Canada he launch of the “Discover Zambia” magazine comes at a pivotal time in our ever-growing bilateral relations with Canada. I therefore, wish to congratulate High Commissioner Dr. Nevers Mumba and the staff at our Zambia High 8 The national profile of Zambia Commission in Ottawa, for this initiative. Zambia-Canada relations have never been better than they are today. Economic cooperation and tourism between 10 Trade and investment opportunities the twoT nations are at a higher level. Equinox Minerals Limited of Canada has invested heavily in the copper mining sector, demonstrating the healthy relations that exist between our two nations. 12 Attractions in beautiful Zambia I am even more encouraged at the prospect of signing the Foreign Investment Promotion and Protection Agreement (FIPA) with Canada in the next few months. The agreement will further guarantee Canadian investment in Zambia, as the agreement 15 The Zambian national anthem provides legally binding security to the assets of investors. 16 Discover Zambian words for sharing Our bilateral relations with Canada date back to 1966, barely two years after we attained our independence in 1964. The first effort that Canada made was to support our young government in the development of the educational sector. Canada, through Carleton University in Ottawa, provided the first Vice Chancellor of the University of Zambia, Professor Douglas Anglin. 18 CEO Craig Williams on the Equinox vision Through Canada’s dedication, the academic programme for our first University was put in place. This is an investment Zambia 22 A taste of Zambian cuisine will always cherish. We have also continued to build upon this foundation and the two countries have taken great strides in supporting each other within the framework of the United Nations and other international organizations in areas of mutual interest, including Human Rights, Good Governance, and Democracy. 23 Lusaka, the capital of Zambia The Zambian government has continued to co-operate with the Canadian International Development Agency (CIDA) in areas of 24 Facing and overcoming challenges health and educational development projects. Zambia has further endorsed and continues to support Canada in its adoption of the Maternity and Child Health Care Initiative at the recent G8 Summit in Toronto. 25 The Lumwana success stories In May 2010, my Minister of Foreign Affairs was accorded a State Visit by the Government of Canada, during which several high level bilateral issues were discussed. This is a true signal of a lively relationship between our two countries. I am also delighted to 30 Dr. Mumba now President of Ottawa Diplomatic Association welcome the first Canada trade delegation to Zambia, organized by our High Commission in Ottawa. Zambia will always cherish the cordial and significant bilateral ties with Canada. May God bless the peoples of our two great 32 10 reasons for visiting Zambia nations. 34 The first Canadian trade mission to Zambia His Excellency Mr. Rupiah B. Banda President Of The Republic Of Zambia 36 Events regarding the Zambian High Commission 38 The Diaspora in developing Zambia Discover Zambia | 5 Message From Hon. Kabinga J. Pande, MP The Minister Of Foreign Affairs am delighted to associate my Ministry with the launch of the Discover Zambia Magazine by the High Commission of the Republic of Zambia in Ottawa, Canada. The magazine will provide a window through which prospective investors and potential tourists can view Zambia in respect of the investments opportunities which are available to venture into all sectors of the economy. WithI the advent of the globalized world, Zambia has developed a foreign policy which is aimed at contributing towards her economic growth and development as well as the general prosperity and well being of her people. Zambia recognizes that Canada is an important economic partner and a potentially big market for Zambia’s exports. Zambia is an attractive investment destination offering various incentives Investment opportunities in Tourism, Agriculture, Manufacturing, Energy and Mining. The investment climate is characterized by a stable macroeconomic environment, stable political system, investment guarantees and security, duty free access to regional wider Africa, USA and Canada markets and unrestricted repatriation of after-tax profits. Zambia has signed double taxation agreements with a number of Europe, North America, Africa and Asia countries. Hence investors from such countries are not liable to tax in more than one country or territory. The government offers a well balanced package of fiscal incentives in priority areas as well as additional negotiated benefits to strategic investments. Zambia has predictable laws and policies with a government that is committed to investment. Investment opportunities exist via privatization of textile mills, services and fertilizer and chemicals manufacturing. Zambia also has opportunities for investment in the agro-industry (hort-floriculture, tobacco-processing, cotton growing, crop production for the processing industries. Zambia Development Agency is presently facilitating Joint Ventures between Local and Foreign Investors. Foreign companies are invited to set up operations in Zambia by forging strategic partnership with Zambian Companies. The nature of these Joint Venture partnership is co-ownership of a business where there is Joint decision making. The partnership will be formed on the basis of each bringing assets into business in form of capital, expertise and or technology. Hon. Kabinga J. Pande, MP The Minister Of Foreign Affairs 6 | Discover Zambia Message From The High Commissioner His Excellency Dr. Nevers Mumba t is my distinguished honour to introduce our very first Discover Zambia Magazine as the High Commission of Zambia in Canada. I wish to thank His Excellency, the President of the Republic of Zambia, Mr. Rupiah Bwezani Banda, for the continued confidence in us and the support of our daily efforts here in Canada. I am indebted to my fellow diplomats, staff, our editorial team and the supportive Zambian Diaspora in Canada. I also wish to acknowledge the pivotal role that my predecessors, on Iwhose shoulders we now launch this magazine, have played. We have chosen to showcase one of the leading investors in our Mining Sector, Equinox Minerals Limited, whose shares are floated on the Toronto Stock Exchange. It is a model of a successful partnership between a respected publicly listed company and a highly responsive government. We have featured the Equinox investment in Zambia, because of its uniqueness. While the company has invested into Zambia’s economic backbone, namely copper, it has demonstrated that partnership with the local people is a key to the success of any investment. Equinox does not only extract copper from Zambia, but ploughs back into the support and development of the community. Zambia has become one of the most preferred investment destinations. There is a renewed interest in doing business in Zambia, due to several factors. Zambia has passed the test as one of the most peaceful nations in Africa and is endowed with amazing natural resources. In copper mining, Zambia boasts as one of the world’s leading producers. Zambia’s legacy of peace has been demonstrated in the mature transitions of political power since 1964. With a total of four Presidents since Independence, the Zambian people have transitioned from one President to the next with great calm and maturity. Dr. Kenneth Kaunda led Zambia from Independence in 1964 to 1990, Dr. Frederick Chiluba from 1991 to 2001, and Dr. Levy Mwanawasa from 2002 to 2008, when he passed away in office. Dr. Mwanawasa’s Vice President, Mr. Rupiah Banda, contested the resultant election, and became Zambia’s fourth President. Even in death, Zambians chose to stand together in unity. It is this social, economic, and political stability that has given Zambia the envied edge as a serious investment destination.
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