THE Ministry of Finance says the Kwacha will remain stable for the rest of 2017 and has urged the business community to maximise on the country’s economic gains to grow their enterprises. Permanent secretary for economic management Mukuli Chikuba said this in an interview yesterday.
Mr Chikuba said the economic stabilisation measures Government has put in place have started yielding results.
He said the ministry is committed to implementing measures aimed at growing the economy and creating an enabling environment for local and foreign investments to flourish. “The economic stabilisation and growth programme is a home-grown initiative aimed at stabilising the economy. The currency is highly stable and will remain stable for the rest of the year.
“The interest rates have also come down and the Bank of Zambia is taking necessary measures to further bring down interest rates and we are also taking our own measures as a ministry,” Mr Chikuba said.
He said Government is working hard to reduce lending rates to make it easy for Zambians to borrow from financial institutions.
Mr Chikuba said the Ministry of Finance will continue working closely with the Bank of Zambia in reducing the cost of doing business in Zambia.
He assured the business community of a stable economy and urged foreign investors willing to invest in Zambia to take advantage of the country’s favourable investment climate to actualise their plans.
He said domestic resource mobilisation will remain a key pillar of the country’s economic management to ensure effective implementation of development programmes.
Mr Chikuba also said deduction of Value Added Tax at source from contractors and suppliers has improved Government’s domestic revenue base.
Oh yea and Jesus will return tomorrow
Well done ba PF .