Informal trade figures sharply rise

ZAMBIA’S informal trade value has significantly improved over the past three years, with imports hitting US$77.2 million in 2021 from US$13.3 million recorded in 2019.
The value of exports also increased to US$206.08 million in 2021 from US$81.02 million registered in 2019.
Ministry of Commerce, Trade and Industry Permanent Secretary Lillian Bwalya said this trend has also continued in 2023, and the figures are projected to increase further with continued reforms being undertaken.
She said this during a United Nations Conference on Trade and Development (UNCTAD) capacity-building workshop for members of the National Trade Facilitation Committee in Lusaka on Monday, in a speech read for her by Ministry of Commerce, Trade and Industry director of foreign trade Dr Simon Ng’ona…