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PACRA registers 25,461 companies

PATENTS and Companies Registration Agency (PACRA) has this year registered 25,461 companies, surpassing its target of 18,550 by 30 percent. Last year the agency registered 18,416 companies against a target of 17,050, recording a 28 percent increase compared to the 2022 figures. Of the 25,461 companies registered, 15,174 were local entities, representing a three percent increase from the 14,669 recorded in 2021 in local company registration. Speaking in an interview during the Export- Led Proudly Zambian Expo held last week on Wednesday, PACRA acting registrar and chief executive officer Wilson Banda attributed the increase in company registration to Government policies tilted towards promoting entrepreneurship. “The new dawn administration has put in place measures aimed at CLICK TO READ MORE