Daily Nation Newspaper

19 relief fund platform Expand food reserves, usageAfric­a advised

- By BUUMBA CHIMBULU By By By BUUMBA CHIMBULU

individual­s honourable risks, through to minister provide cash handing, and a short- the government Some see this of in the as has measures, an exploitati­on listened opportunit­y to of term investors we boost in spending. he industry Mineral to embrace explained, Resources and digital seen included the modes because wider

The Arbitrageu­r indicated sanitising, benefits of a payments,” misconcept­ion of observance easing he said this of the burden in of a term that this was important as social on Mineral response the distancing sector,” Royalty to press he as and said query. a Tax wearing a in inflation was expected to in rise of statement. the masks Mr Act Mwanza No.18 in In offices January of said 2018. and digital this public over the next two to three newly launched places. Mr ZAM Bwalya Jesuit explained C-19

monthsyear, payments Government peaking were secure, at introduced 16-18 faster Appeal and Response a that 10 ZRL, Mineral percent committee Mr Musonda Royalty levy that is Tax said,

percent and convenient mostly on to the everyone back of in expected to raise was approximat­ely encouraged a non-deductible crocodile by K20 farmers the levy to is likely to introduce a required the weaker payment kwacha. ecosystem and

million to help reduce initiative pay for must computing duty, become the of up economic the front, income the two way before youths, tax of life they money controls by end of Inflation currently stands at

impact AFRICAN should of National coronaviru­s countries especially when Bank have arriving on (FNB) the in been rememberin­g at Zambian Zambia urged gains has to this year due to the current 14 exported and percent. not only their in produce. the present review the Mines population. urgently boosted and expand efforts the or food to profit train migrate reserves, of men foreign of customers ZRL keep investors when food Kwacha volatility which has unfortunat­e “While Mr Thomas monetary circumstan­ces. said that policy Minerals Zambia Developmen­t Railways supply During to digital flowing the Limited Act platforms launch and they in yesterday the boost could as exploratio­n a way have their of of ZAM channelled agricultur­e of mineral been adversely affected by stimulus Zambia’s hoped can crocodile be that applauded, the skins measure (Zambia-Malawi) budgets ensuring to safe avert banking Jesuit their resource. a possible resources C-19 during “Mineral Appeal hunger to this other Royalty and

althoughwe­re would prized get targeted the the support world at priority over from for Response pandemic, period of at the partly St Ignatius Covid-19. equally Tax caused is paid Perish deserving by on Covid-19. production in Lusaka sectors or

industries,high-end the public, footwear, we traders, maintain handbags small that and yesterday, provincial individual­s. and while big Fr merchants garments, computing Leonard “We offering and Chiti, income urge everyone other said tax

there should have been more the economic impact youths, employment is in levied the due supply especially to on the profit to chain, at pandemic when least those so a that mines in is

stimulus specifical­ly targeted expected to have a small thousand become Zambia constraint businesses could profitable,” people on start the locally. to moving he rise Gross said. to the

at households and individual­s Domestic Product occasion (GDP), away He “To warned solve from and cash the therefore emulate that adverse as any what most are

to provide a short-term boost expected a rise in these negative economic national trusted two means shocks poverty young challanges therefore gentlemen payment. rate. Zambia

in spending.

Fr Chiti said the emergency have to is going the done,” industry through, he appeal could said. Government lead will to primacy the most urgent job should Ndase losses, pluck and Musonda, loss lifesaving a leaf of revenue from one of the to interventi­ons necessary two Government our neighbouri­ng people to reduce who and donated worse, countries impact the

of Covid-19. masks, collapse if sustained said of economic the sub-sector. private sector

“The committee will had growth spearhead resources for the country that the could to help provinces in response many be achieved” to disadvanta­ged the challenges “Simply people put, caused by this dreadful during Zambia and this is free time. deadly willing crisis. or The disease outbreak generous impacts are her not Mineral only threatenin­g the health Resources of the at people expense but also increasing the rate of earning hunger foreign and poverty exchange, in Zambia,” he said. strengthen­ing the Zambian

“It will also interface Kwacha with and government’s developing the initiative­s programmes economy from to reach her God-given out to those on the frontline mineral in resources,” attending he to said. the infected as well as government’s Mr Bwalya urged effort to stop the spread of the virus,” Government he said. to use the

He said in the first country’s phase of natural six months, resources the committee is expected prudently to raise so as K6 to million. earn

“In the first phase foreign of our exchange interventi­on that covering a period of would six months in turn strengthen between the May and October 2020, Zambian ZAM Kwacha. is expected to raise K6, million. The According second to phase Mines and will be a recovery one Minerals whose main Developmen­t objective is to assist targeted fragile (Amended) communitie­s Act No.18 to of 2018, go back, and we plan the to raise mineral K14 royalty million,” rates Fr for

Chiti said. tax purposes show base Health minister Dr metal Chitalu at 5 Chilufya per cent, energy

and industrial minerals also at

commended the Catholic Church for

5 per cent and gemstones at

compliment­ing government’s effort in

6 per cent.

alleviatin­g hunger and poverty.

GRACE CHAILE LESOETSA BUUMBA THE CHIMBULU TROY MUKUPA ZAMBIA GOVERNMENT BUUMBA CHIMBULU

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