Business

State goes for local content bill

Minister of Commerce, Trade and Industry Christopher Yaluma

KELLY NJOMBO, Lusaka
GOVERNMENT is developing a local content bill to help promote the utilisation of products and services in various value chains in the country.
Minister of Commerce, Trade and Industry Christopher Yaluma said this is on the back of low content of products on the market.
Mr Yaluma said this yesterday in a speech read for him by Ministry of Commerce, Trade and Industry Permanent Secretary Mushuma Mulenga during the Zambia Association of Manufacturers (ZAM) local content conference held under the theme “Leveraging local content to promote industrialisation in Zambia”.
He said despite Government implementing various initiatives, local content has remained low in almost all sectors.
“A number of studies have revealed weak linkages between the manufacturing sector and other sectors of the economy. We are cognisant of the weak inter-sectorial linkages that have contributed to the lagged development of our country. Government, through the ministry, has embarked on developing the local content bill which will address, inter alia, the promotion of the utilisation of local products and CLICK TO READ MORE




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