Planning Mwila Daka(r) confers with the Permanent Secretary Kayula
Siame(l) during the Consultative Meeting on the Border
Management(Trade Facilitation) Bill,2017
Government is in the process of reviewing the Business Regulatory Review Act which provides a legal framework for business regulation in the country.
Ministry of Commerce Trade and Industry Permanent Secretary Kayula Siame noted that the review of the Act will enhance the quality of services offered by the Government and contribute positively towards the creation of a favourable business environment.
Mrs. Siame said this when Zambia handed over the baton of Presidency to Cote D’lvoire at the 9th International Conference of Ease of Doing Bussiness Initiative for 2019 in Abidjan, Cote d’ievoir.
She explained that the Country is also ready to put in place a legal and institutional framework that will give struggling businesses, greater chance of survival by continuous streamlining and simplifying processes and procedures of starting a business and access to finance, paying taxes, getting electricity, trade facilitation including enforcement of contracts.
“Zambia is alive to the fact that a conducive policy, regulatory and business environment is important for business to thrive therefore the Country attaches great emphasis on partnerships with the private sector and other international cooperating partners”, she reiterated.
Mrs. Siame disclosed that Zambia has implemented two major reforms under the Getting Credit Indicator, which are Credit information and availability of information on the Movable Property Collateral Registry.
She explained that on credit information, Zambia increased the Credit Bureau coverage with regards to persons captured on the database from 2,700,969 to 2,784,307 at the end of the fourth quarter of 2017 resulting in an increase of 3.1% at the total credit account records on the Credit Reference Bureau Africa Limited (CRBAL) database.
Mrs.Siame further said that the Country has put in place a legal and institutional framework that will give struggling businesses, greater chance of survival by aligning the bankrupcy related protection to international best practices and expanded the use of Cooperatives as a business model for many of Zambias peri–urban and rural entrepreneurs to come together and participate in economic activity and become the new frontier for employment creation.
The 9th International Conference Initiative of the Ease of doing business for 2019 was themed “Improving the business climate and economic growth challenges in Africa”.
Please include the modalities of the return of the loot from PANAMA by an inside trading thief.
“UNVOTABLE!”
@Sharon, what is up this weekend man? Keep us updated on your life of transgender, we are getting tired of your love life with HH.
Chi Sharon they hide the votes that they use to rig the election in your endless stinky and rotten open pit, we need to use the tailings from black mountain to close that death trap that you have so that people don’t get sick from unknown diseases.
lower taxes , more MONEY IN PIPOS POCKETS, PF AT WORK , Butt why so many women ministers and PS in PF kansi
Which ministries naiwe @Anyoko. I only know one, Margaret.
And worst part is that those PF women are so unattractive. You can’t employee them as Minister of Foreign Affairs or Minister of Tourism.
Can our government support a bid for us to host the 2019 afcon since Cameroon has been disqualified a few hours ago? It’s the only way we can play in those finals
Very interesting. While other countries such as Rwanda act and talk after the fruits of really reducing the regulations on doing business are there for all to see here in Zambia we talk just nonsense and instead of making it easier they the govt make doing business here so hard that you are better remaining in employment. Open a ka shop and you will cry the number of times you get visited by ZRA, Napsa, Pacra, local Council etc its a real joke.