Minister of Commerce, Trade and Industry, Chipoka Mulenga, has commended Patents and Companies Registration Agency (PACRA) for launching the next generation business and beneficial ownership register.
Mr Mulenga says the move taken by PACRA is a significant step in promoting transparency and accountability within the business community.
He notes that the use of a beneficial ownership register is going to enhance the rate of doing business in Zambia.
The media reports that Mr Mulenga said this in a speech read for him at the event last night by Minister of Tourism, Rodney Sikumba.
He stressed that conducting business in Zambia is improving everyday through the policies and initiatives that the government is implementing.
Mr Mulenga further saluted the agency for demonstrating strong leadership in implementing reforms aimed at bettering the business environment in the country.
Speaking earlier, Smart Zambia National Coordinator, Percy Chinyama, thanked GIZ Zambia for investing in the establishment of the next generation business and beneficial ownership register project.
Mr Chinyama said the financial support provided by GIZ Zambia towards the project is highly appreciated.
Meanwhile, PACRA Board Chairperson, Allan Mwaba, said the launch of the next generation business and beneficial ownership register project marks an important government milestone, one that reflects Zambia’s continued commitment to creating a modern business environment.
Mr Mwaba added that the launch of the business and beneficial ownership register is not an isolated initiative but a national reform.
Businesses’ have been closing in your 4 years Sir. So what is this ministry doing. And because of having no clue, you heard this minister calling for price controls. Meanwhile because his boss is also clue less. you heard things like hunger is bibblical, even saying wrong things, ati 8 years of hunger. You were given jobs, you work. Stop telling us things like where you come from, that is irrelevant. And totally disconnected too, people are concerned with bread and butter issues, and you are talking of free education. Can you wake up for once.
His ministry is a mess, prices are not coming down despite the self praise from him amd his boss , his constiuency is a mess, Isnt it in his constituency where the President was chased by jerabos with stones. I am not being personal, i think the man genuinely wants to work but it could be competency and capacity constraints. Anyway i still pray for everybody in this country to succeed for the good of all of us
Messed up once a vibrant ministry