Value says additionexpert Micro Zambia,ICT SECTOR key - Stanbictax reductions intent on By German’sBRIGHT exporting honey to SA By confer - ZAMTEL By UNCDF, over economy ZRA INTENT ON ECONOMIC GROWTH By

production results in several years in is the no second sacrificial quarter lamb of when this year, it as the comes group to payment contributes of taxes over US$20 as everyone million in support is expected of host to play countries a part in Covid-19 Zambia’s economic infection development prevention. Zambia and sustenance, says Group Zambia Development United Zambia president Revenue Nations Revenue and Authority Chief Capital Authority Executive (ZRA) (ZRA) Officer, Corporate Mark Development Bristow, Communication said a Fund 13 percent (UNCDF) Manager production has Topsy was

is determined Agency (ZDA) to work has towards Sikalinda. recorded partnered in the with second Kazang quarter Zambia of 2020, and higher

enhanced commercial cautioned sustainable banks entrepre- have economic joined the Mobicom than He said what in was its legal recorded digital mandate, project in the ZRA first to reach quarter. was 45, neurs mobile growth that payment by massively it is transaction not disburs- investing module in under empowered 000 Mr people. Bristow to collect attributed revenue the positive from all ing the processes This National any will business deepen and Financial procedures financial grants Switch inclusion to (NFS) that ease in which remote tax approved performance sources to improved on behalf head of the grade, Government. Micro, intends compliance. areas. to Small lower and the cost Medium of handling money THE

combined Mr This Sikalinda is being with said done solid the throughput through notion that the performance ZRA employees Enterprises among UNCDF consumers this were (MSMEs). year exempted published by using from a joint request paying system. tax for was at the plant. modernisation applications ZDA The Switch, and which of selected tax went systems, live Kazang on says the Zambia, 23rd ZRA a untrue He as was is the speaking not law did in not any when discriminate part- delivering in the terms group of who nership September Commissioner provider should with pay 2018 a tax platform General, on in a the trial on country. basis, Kingsley which is all the Chanda. financial first ever

results for the second an organisa- quarter of this year. local and ZRA Mr Zambia’s nationwide prepaid Chanda officers, merger product said he shared said, the fees suppliers were innovations platform, are the can most highest which distribute were will in the tion “Copper called ‘BACC’ portfolio in continues offering to outperform. compliant business facilitate meant their world, products, says to for taxpayers. reduce exchange CCPC and manual Executive Mobicom, of information interventions, Director, a business on Chilufya digital that

Best quarterly grants production to entrepre- from Lumwana in payments human facilitates Sampa. He was interactions, speaking throughout the distribution in the an improve interview Country. of digital efficiency, with finance the Daily neurs, several warns years acting with per Manager pound copper costs Nation reduce through The Mr in Sampa first Lusaka. the its group agent time said of and platform. CCPC participants cost of submitted complying. are already a Communications trending to low end and of guidance,” Public had Mr Bristow running proposal “It He UNCDF does explained mobile not to embarked the matter switching Ministry that whether on the an of transactions systems Commerce, innovative one is were an on agent Trade being the Relations, said. Kabwe Phiri. employee live put project and environment, to test the says best Bankers way to deliver Association Digital of

At in Industry the place of group the to Zambia reduce also level, reduce Mr merger Revenue Bristow fraud, fees Authority stressed, dishonesty to about or a Member Zambia and Financial US$50, other (BAZ) of 000. Services Parliament unethical Chief (DFS) Executive practices who in are rural the Officer, among Zambia. law makers,” Leonard the

Ms Phiri regretted that some the positive performance despite Covid-19 Mr unscrupulous Mwanza. The Sikalinda He aim was was speaking said. to use during an agent the network Stanbic offering

people were try-

ZRA pandemic staff. which had affected business

Mr variety to explained Mwanza Zambia’s of digital said that Anakazi finance the the rest collection Banking products. of the commercial Online was in ing a Bank operations. He ZRA, swindle Mr Chanda entrepreneurs said, viewed fraud and different purporting banks Conversations Under were forms this to already project, such be Episode ZDA. as conducting Kazang taxes, Nine. levies would on a and increase live

any He other said unethical free cash behaviour flow increased as highly by nearly fees approved environment the “ZDA “The presence proposal has by transactions Parliament. of noted its is point-of-sale to with pay while much dis- others machines less were than, in inimical 20 percent to the to US$522 achievement million of given its mandate. diversified their that have pilot enable come phases. with customers bands. to We purchase are trying pre-paid to

pleasure and Mr He Sikalinda said industry-leading this said in a the speech Tier taxes, One for levies asset the and portfolio. fees

an advert going

“The rest such are the as doing threshold electricity. their to testing, about US$50 they are million in were around services increasing “Captured collected social from benefit media any of individual higher pur- gold or prices company their commemoration pilot phase but of hopefully the ZRA before 2020 Integrity end of in porting is through the Mobicom that country, the that agile small on entitled management the mergers other Agency to pay hand that them and are would is operational taking regardless provide place of October Month a shared under all agent the the banks banking theme, will platform be “I ready Value to to Integrity.” enable integrate the disbursing do execution. status not notify. of funds the Debt individual net in of form cash or of company. at a US$1.4 billion, to customers “Therefore the “Currently e-wallet to it any conduct switching is about form their of US$250,000 lack transactions transactions of integrity for a more very and grant down He itemised in almost partnership 25 percent collections with from the as end income first quarter tax, between unethical banks, behaviour FinTech by and staff mobile and taxpayers money Value easily. big with merger. Added no significant Tax We do (VAT), public not want excise debt it to duty, maturities be like customs that, until Ministry operators. can we UNCDF want have it of “There Country devastating to Commerce, be maybe is Lead, progress effects like Killy Trade US$50, in Kanjo, terms on the 000 said of socio- or so duty, 2033,” export Mr Bristow duty, mineral said. royalty and property

and ensuring economic various range that wellbeing systems of services are of our ready offered for on integration their

Industry, USAID and an

The group, he said, also recorded country. a 14

Bank of Zambia (BoZ) will continue using all available monetary interventions to address adverse developments in the foreign exchange market.

MOST THERE countries and in its Sub- Saharan products Africa may (SSA) be have frowned missed upon out by on many, the prosperity that experienced tend to use the in one-sided other parts of the perspective world, as that nationals tobacco in is the region bad for live health. in abject Whilst poverty. this perspective is true its entirety, there is another aspect of tobacco that many are not aware about. platforms “This is was why the I have only taken way digital a zero-tolerance financial services attitude towards could be corruption made available and revenue to all Zambians. leakage regardless of the perpetrator,” Mr by “UNCDF deadline believes of October. in leaving They will no one continue to test Chanda and also said. to refine the processes and rules behind in the digital era, and in that vein, around He said the the operations organisation of the had mobile put payment in place we are excited to partner with Kazang and channels,” Mobicom core values to Mr reach meant Mwanza the to last said enhance mile in an by its interview. testing ethical and culture. Mr scaling Mwanza their however agent indicated models,” Kanjo that all said. Commercial UNCDF Mr Chanda will Banks provide said had ZRA a already grant was and aware migrated technical that under assistance failure phase to apply to which Kazang the required core and values Mobicom that required and as absence they switching implement of integrity Automatic their could activities lead Teller to in Machines the five manifestation provinces. (ATMS) and of Both corruption, Point companies of Sale incompetence, (POS) are in transactions the early malpractices, stages to the of NFS from the abuse six-month the of VISA. power, project. Mr Mwanza fraud and explained other range that the of process unethical Mobicom for behaviour. the group first Chief phase Executive was up and Officer, running smoothly. Pascal He explained Angilla, indicated that the ripple the important effect of to this to lack “There create of integrity was job opportunities a time could when extend the as agents five to taxpayers, banks for who had those who deployed may in rural not areas in-deposit be too thereby keen taking to helping comply machines, improve with the that livelihoods. calibration was finalised and the public tax laws of the land and may also be too can “Mobicom now deposit is proud using to the partner ATMs. with Those are ready to join the unethical culture for their functioning UNCDF. We very aim well. to extend financial services own “What personal is remaining advantage. under the NFS project at Mr an Chanda ‘arm’s length’ warned of people that gratification living in rural that is communities the mobile channel who, for payment a long time, which have is came the e-wallet with dishonesty mobile where only we profited will see the been marginalised with little or no access to FinTech, luxury of mobile a moment money yet operators had the and ability banks of financial inclusion organs,” Mr Angilla said. interchanging damaging the transactions reputation from and prospects their various

Digital financial services are becoming platforms,” forever. he said. increasingly important as Zambia, like other

When therefore fully implemented, wish to implore you NFS (ZRA will bring staff), countries, “I grapples with the spread and about to uphold a wide integrity range of in benefits all your which undertakings will impact of Covid-19. include and among to others, serving reduced the Taxpayer fees and with

By using commit digital services, people can charges the highest to customers excellence because and unquestionable removal reduce their exposure and still continue to of dedication,” international Mr switching Chanda fees. said. transact and manage their businesses.

TOTAL of K60 million has been invested in three African fruit Development processing Bank factories (AfDB) located has in pledged North-Western, to deliver Eastern in financial, the hospitality and knowledge Western industry provinces and policy support by should the to National regional strive Pension to member create Scheme other countries streams Authority such of as Zambia (NAPSA). income during within and their after businesses the Covid-19 to pandemic survive period. The the investment current Covid-19 had been environment. made possible

through As a The result, a events short-term AsDB and has hospitality loan already financing approved industry facility has up to to the US$10 Industrial been billion the Development relief hardest package hit by Corporation the this Covid-19, year to (IDC). support says member Bank Zambia during is the committed Covid-19 pandemic. to

IDC Pinnacle countries is setting Creations, up the Chief Kalene Executive Hills Fruit Officer, working It is because with the of such local initiatives manufacturers which have and other led

Company Chisala Limited Simachembele. in accelerating in Mwinilunga the in country’s North-Western, to stakeholders S&P Global National rating Strategy agency for to Development affirm AfDB’s of AAA

the Eastern Ms Simachembele diversification Tropical Fruits stressed through Company the value need in Eastern addition. to rating, economic Statistics with stable which outlook. is being drafted will help

Zambia and find a cashew a cannot way of processing attain how businesses growth company targets could in if Western survive ZAMTEL is improve The confident rating the agency that statistical indicates capacity that the responsive AfDB will play

provinces, such as respectively. creating fail to grow another the manufacturing stream of income sector the Information a stakeholders key to the role ever-changing in supporting the demands region, of particularly the in the

Mr The within Yaluma and factories their Comsaid company will discussions provide during a ready had this reached current market munication context as country, this is of one Covid-19. the of Zambia the most Statistics important Agency sectors (ZSA) of any an to advanced small-scale Covid-19 Technology period. stage farmers and and that other Government small-scale was economy, has Commenting said. says on Chief the Financial rating, AfDB Officer, president, Mwindwa (ICT) sector optimistic businesses in Zambia She was that as speaking the the move project during would will act contribute the as Stanbic an to the

will continue to Akinwumi Siakalima. ZSA Statistician-General, Adesina, said institution Mulenga would Musepa, continue country’s register empowerment Bank Zambia diversification tool Anakazi to the agenda. local Banking community.

positive growth owing to Mr said maintain Siakalima once quality implemented, said standards, Stanbic the was with strategy prepared strong would support to work “That The Online products has Conversations been will discussed include under fruit and the juices, we topic are pulp, very much jam,

to increased levels of investment. of with enable all the shareholders. Zambia the country Association Dr come Adesina up of with explained Manufacturers evidence that this (ZAM)

advanced. concentrates, “Entrepreneurial The tin concept packed Resilience is foods, that South - Adapting mineral Africa water, to would would and policy other be formulation done stakeholders delivering which to the accelerate was much cardinal needed the in country’s financial,

like pickles the to get new and the normal.” dried honey snacks, core but says Zambia IDC Investment is saying it is knowledge economic improving diversification and the policy welfare support of through the people. to regional value addition. member

better Manager, “We we export cannot Brian the Nalishuwa, just honey close in shop in full a statement processed on account form countries and He Mr was that Musepa during is speaking what said and we during have after in an submitted interview the Covid-19 Anakazi in and Kabwe Banking pandemic. that is our Online yesterday. that of the Covid-19 Conversations strategy “The but factories would we discussing have also will to help be go the processing back topic country to “Insights the local position agricultural “We are as delighted it is now,” with he and said welcome in an interview. S&P Global’s

improve drawing the Zambia statistical board products Association and capacity ranging look at of which from how Manufacturers was we pineapples, have currently in decision from Mr Yaluma to affirm said the the Bank’s move AAA/A-1+ would ensure rating. that It

mangoes, low been compared conducting the guavas, post to other Covid oranges business countries - 19 to world.” in bananas, the in Africa. past tomatoes, and reflects navigating Zambia the added Bank’s value very to strong natural financial resources position which and in

cashew He going fully said developed nuts forward. according and groundnuts, It manufacturing has to been World time among sector Bank to reflect others, would on for not risk turn “A management, would create as more well employment. as our sound governance,”

purposes ranking how boost best for the of 2019, value the country’s business Zambia addition,” revenue can was Mr survive. standing stream Nalishuwa and at 53.6 said. create he only said “What in this a statement. means is that we must add value sustainable The “It fruit has compared employment, factories also been to will looking Egypt not but only it which would at other boost was also streams the highest help agro to percent The our rating natural agency’s resources report so that indicated we create that the industry with of up 86.6 income national in percent the we three Forex can followed provinces, create reserves by within Malawi but through my will at business also exports 79.3 AfDB shore employment would play and a then key role get most supporting of the profits the region, from

contribute percent. so help we support have to crop scaled the diversification, local up a currency,” bit higher value Mr which addition Siakalima we particularly thus that and having in the it context semi processed of Covid19. and send them. said. in agribusiness Mr never Musepa, used to and that do ultimately so Zambia we said are had Zambia food still always getting security was been an on at an “The “Then He institution regretted we will be therefore, approved befitting an what up to we US$10 are billion regional course income. and Revisiting was national bot lagging levels. your vision behind. and how best relief import articulating package dependent now, for 2020, having economy of diversified which and therefore US$6.9 from billion copper unable will

NAPSA “The they can National Director adapt,” Strategy General, Ms Simachembele for Yollard Development Kachinda, said. be to mostly implement financed going by a into AfDB full agro lockdown and processing. the despite remainder We the should through rising keep its

said Statistics Ms the Simachembele factories (NSDS) would number cautioned stimulate is important the businesses growth for of concessional Covid-19 that as it cases. is,” lending he said. window. The Minister called on local other managing in the auxiliary hospitality the local modern-day industry industries, society. to bringing protect Zambia the value to farmers Mr “The Siakalima stable to ensure outlook said their the reflects inadequacies produce our was expectation of high an import quality that, the needs sector people good by of ensuring statistics the three that to provinces make they decisions delivered and the based country over dependent if Zambia the next had economy two to years, penetrate stretched AfDB the will beyond industry prudently dire beyond manage medical the

as on services a evidence,” whole. as Mr promised Musepa said. expected. its repercussions. borders. capital while Mr Yaluma He maintaining said stressed such solid an the economy levels need of to high-quality typically provide

Mr He She Kachinda said regretted having said a that statistical the the factories image capacity would of many which create liquidity had service low assets levels to the of people and industrialisation, robust by supplying funding,” which products S&P in Global turn

thousands was brands the country’s had of direct been ability and damaged indirect to collect due jobs statistics through bad said effected of superior in a statement. export quality. earnings This, The rating and he said, Gross agency was Domestic also positively an

numerous required, service. would out grower make schemes. it easy for assessed Product opportunity growth the to Bank’s have and that a strong trial Zambia run financial into was the risk no country wider exception. profile, market to

He “Always for expressed development deliver optimism on time of that the and the country. anything factories would capital of ZAM plan COMESA adequacy, president, and Ezekiel Africa funding Continental Sekele, and liquidity, said for financial Trade extraordinary Area.

provide Mr you Musepa do quality compromises said products the strategy your with a brand. strong was a You brand tool are for that shareholder institutions Meanwhile, were support Mr well Yaluma and positioned adequacy recently to take announced of its a governance leading that

would compromising development be able to compete of the an entire Integrated favourably events National industry. at both I local and role local management. in farmers driving Zambia’s had started industrialisation supplying their agenda. produce and Statistical would international urge Strategy all markets. the which events would professional enable the to be to Mr S&P chain Sekele, expects stores who that to is ensure also AfDB’s Zambian there shareholders was Breweries no shortage would Plc

country “The very local serious collect farmers, and with process their through event relevant the business. outgrower statistics remain Corporate during schemes, supportive this Affairs period will be Director, by the of providing Covid-19. major noted suppliers timely that Covid-19 capital of the feed had payments. injected to Mr inform “Your Yaluma the policies. brand necessary said is a what taskforce energy sets for team you the apart has country been from to

stock He other to the factories. prioritise formed The rating said which self-reliance companies his agency includes organisation noted and in the terms if the Chain we was of Bank’s are value working stores to be US$115 edition. , events with Zambia

other “NAPSA that will leverage the relationship with billion Association “The capital silver institutions stands lining of increase, Manufacturers out of among like this approved other pandemic them, sectors, and the by other is Bank shareholders that we players of we have in

out-grower Zambia, schemes through its project unit on October seen in the have a industry marked 2019, to Zambia be and which growth professional Revenue the were replenishment in local aggressively Authority, and sourcing have to Ministries integrity as the tackling cross African

the of Finance, Extension of Coverage to the Informal Sector Development border the issue and trading deliver of ensuring Fund, Local is what slowed Government, the you local Bank’s by promised,” farmers the concessional virus. Labour are Ms Local given and sourcing window, top

to Social on-board the farmers and other businesses in is priority December cardinal Simachembele by Security, in chain 2019. growing stores. and said. a that sustainable of Livestock manufacturing and

onto Fisheries. the scheme so that they can also be socially industry,” protected,” he said. he said.

Sampa said. Mr Sampa explained that intention of the proposal was to make sure that carrying out a merger was not burdensome.

“I think Zambia’s merger fees are currently the highest in the world, with a cap of maximum K5 million which is about US$250, we are basically saying why not reduce the cost of doing business by reducing the merger notification fees.

“So there is a proposal that has gone to the Ministry of Commerce, Trade and Industry. It has not taken effect yet, so that is where we are,” he said.

Meanwhile, Mr Sampa said CCPC was currently allowing companies which had violated the competition Act to pay in instalments as the commission was aware of the cash flow challenges which had come about due to Covid-19.

Mr Sampa explained that some companies were taking up to three months to pay for their fine while others went beyond.

“A lot of businesses lost cash flow, what we did is that if a business has violated and the competition act in one way or the other, we allowed them to pay in instalments,” he said.

BUUMBA CHIMBULU BUUMBA CHIMBULU

ATHE BUUMBA CHIMBULU STANBIC has advanced discussions with South Africa on exporting of semi processed honey to that country, says Commerce, Trade and Industry Minister, Christopher Yaluma.

Digital financial services are becoming increasingly important as Zambia, like other countries, grapples with the spread impact of Covid-19.