Government keen on private sector partnership

MINISTER of Commerce, Trade and Industry Margaret Mwanakatwe says Government is willing to work with the private sector on various development projects around the country.
Mrs Mwanakatwe said this during the Zambia Development Agency (ZDA) organised business forum on the sidelines of the 51st Zambia International Trade Fair (ZITF) in Ndola.
The forum is aimed at creating business linkages between local and foreign enterprises and also linkages among the local enterprises in line with the ZITF theme : “Prosperity through business reforms and linkages.”
Meanwhile, Mrs Mwanakatwe said the forum has provided an opportunity for Government to interact and exchange views with the business community and a platform for the creation of networks among the business community, regulators and service providers.
And Zambia Development Agency (ZDA) director general Patrick Chisanga assured investors that ZDA, on behalf of Government, is able to guarantee an investment through the signing of an investment promotion agreement that protects an investment from nationalism.
“There are a lot of opportunities available and incentives that come with investing in certain priority sectors in the country as rural areas, industrial parks and the multi-facility economic zones,” said ZDA director investments Agnes Chaila.
Ms Chaila said there are a number of investment fiscal and non-fiscal incentives that investors can look forward to when investing in these priority sectors.
“Some of these fiscal incentives include corporate income tax at zero percent for five years, zero percent tax rate on dividends for five years, no import duty on equipment and machinery for five years and investment guarantees and protection,” she said.
And Lusaka South Multi-Facility Economic Zone (MFEZ) chief executive officer Fortune Kamusaki said the MFEZ was established by the government to promote manufacturing and stimulate export activities, technological development, skills transfer, job and wealth creation.
“The Lusaka South MFEZ is a public sector-led commercial entity in which the government is providing the requisite infrastructure and utility systems such as roads, electricity, water, and solid waste and sewerage treatment facilities to enable the private sector set up enterprises in an enabling environment,” Dr Kamusaki said.

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