ZAMBIA STILL ATTRACTIVE - US CHAMBER OF COMMERCE

business environment is still conducive despite the challenges in the economy, American Chamber of Commerce (AmCham) president, Ferdinand Zaumu has said.

Mr Zaumu observed that that the current economic challenges Zambia was facing were global.

He commended Government on the measures it was putting in place to deal with the challenges facing the economy.

He was speaking in an interview in Lusaka.

“Business has been good over the last couple of years but obviously these are challenging times not only in Zambia but also globally and therefore anything that Government can do to ease business for the American companies in Zambia will be very much appreciated.

“The measure the Government has taken on the economy is a signal that it is aware of the challenges and there is clear recognition of what the challenges are. Part of solving any problem

The measure the Government has taken on the economy is a signal that it is aware of the challenges and there is clear recognition of what the challenges are.

— Mr Zaumu. that

with there is

acknowledging a problem. I commend Government for having taken the bold steps,” Mr Zaumu said.

Meanwhile, Mr Zaumu called for more consultations with stakeholders on the proposed sales tax and the Employment code Act of 2019.

Mr Zaumu said this would enable the business community to be aware the impact from the Employment code Act and the soon to be introduced sales tax.

He said the chamber was looking Employment the sales tax the American Zambia.

“We are looking at what will be the impact for the employment Code Act, the impact of the sales tax on our businesses and these are our areas of concern, we think that Government could do well to have more consultations with the business community, this will be very helpful,” Mr Zaumu said. at how the Code Act and would impact companies in