President Edgar Lungu has called on the informal and formal sectors to fully participate in the country’s economic growth.
President Lungu said his administration is open to work with everyone both from the informal and formal sectors to ensure economic growth for the country.
The President said the informal sector which has about 80 percent of citizens is key to the growth of the country’s economy.
He expressed gratitude to the Zambia National Marketeers Credit Association (ZANAMACA) for organising the informal sector so that they can contribute to the economy of the country.
He praised ZANAMACA for reaching out to people in the informal sector who are mostly in markets and bus stations.
He said the informal sector has a huge potential to grow the economy hence the need for government to incorporate them.
The President was speaking when members of the ZANAMACA management led by its President and Founder Mupila Kameya called on him at State House today.
And ZANAMACA President Mupila Kameya assured President Edgar Lungu that the informal sector is now organised and ready to work with government and other stakeholders to contribute to the growth of the economy.
Mr Kameya said the informal sector which has over 6 million members is working to contribute to the growth of the economy by way of paying tax from the various businesses they are engaged in.
He said the association is working with the Zambia Revenue Authority (ZRA) by collecting base tax from traders across the country.
He said marketeers are willing to pay the tax so that government can use the resources to provide services such as construction of roads across the country.
Mr Kameya stated that government will be able to make a lot of revenue from the K1 base tax from marketeers countrywide which ZANAMACA has been engaged to implement.
He disclosed that his association has embarked on a countrywide massive registration of marketeers and data collection exercise under the ZRA project and has so far managed to capture more than 17,000 eligible base taxpayers under the ZANAMACA data base shared with ZRA.
ZANAMACA has further appealed to the President to help the association organise an informal sector golf tournament whose funds will be channeled to the economic empowerment of women marketeers in the country.
Meanwhile ZANAMACA has commended President Edgar Lungu for launching clinics in the markets and bus stations.
Mr Kameya said the clinics will go a long way in helping marketeers, traders, bus operators and their families in accessing health care services.