State ponders investment climate


MINISTER of Commerce, Trade and Industry Margaret Mwanakatwe says Government has embarked on private sector consultative meetings aimed at engaging stakeholders in identifying solutions to enhance the investment climate and improve economic activities in Zambia.
Mrs Mwanakatwe said in an interview in Lusaka on Thursday that her ministry will be meeting the private sector on a monthly basis to dialogue on various issues affecting their businesses.
“Our engagement with the private sector is not done in a systematic manner. We want to start meeting on a monthly basis so that we can have formalised dialogue with them,” Mrs Mwanakatwe said.
She said the dialogue aimed at ensuring that Government puts in place measures or undertakes reforms that will encourage the private sector and boost economic activities and growth.
Mrs Mwanakatwe said the private sector and entrepreneurs are key to wealth creation because of the job opportunities that they provide for the people.
The minister said it is important for Government to make the business environment conducive.
Mrs Mwanakatwe said the private sector and entrepreneurs in general require financial support and that dialogue will provide solutions on how the two can work together while Government looks at improving the business environment.
She also said Government is working on improving Zambia’s rankings on ease of doing business, and that it will explore avenues that will not only make the payment of taxes easier but also on other business regulations.
“We want to do everything to improve our rankings. We know that once we improve the time it takes to pay taxes and reduce regulations, then the private sector will have more time to conduct business activities,” Mrs Mwanakatwe said.

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