News

Zambia tables its economic management seriousness

MUTATI

CAROLINE KALOMBE, Lusaka
MINISTER of Finance Felix Mutati has assured the international community that Zambia is serious about prudent economic management and improving domestic

resource mobilisation through proper tax administration.
Mr Mutati said on the sidelines of the international conference on global transit guidelines held in Brussels, Belgium, last week that as part of the process of ensuring prudent resource management, Zambia is willing to work with Japan to improve tax administration.
He told Japanese International Cooperation Agency (JICA) senior vice-president Kenichi Tomiyoshi that Zambia wants to put in place a single window at its borders not only to reduce transit processing time in the trade value chain but also increasing border efficiency.
This is according to a statement issued in Lusaka yesterday by Ministry of Finance spokesperson, Chileshe Kandeta.
Mr Mutati said once implemented, the single window facility will entail that the number of government agencies which cross-border traders and other border users interact with, reduces to the barest or a single point.
“We seek Japan’s cooperation in establishing a single window at the Chirundu one-stop border in order to minimise revenue leakages and enhance revenue collection to levels beyond 20 percent of our GDP (gross domestic product),” he said.
And Mr Tomiyoshi pledged Japan’s continued support to Zambia’s economic development agenda through promotion of productivity improvement programmes.
He said African regional development blocs should balance their efforts between power generation and power transmission projects to minimise energy wastage in countries or regions where it is in abundance.
Meanwhile, World Customs Organisation secretary general Kunio Mikuriya said the institution is working towards making Zambia a regional showcase in the implementation of New Global Transit Guidelines.
Mr Mikuriya said Zambia should develop a communication strategy so that all stakeholders can be properly guided on the implication of the New Global Transit Guidelines to implement the single window facility.

Facebook Feed

ePaper App

Follow Us on Twitter