2021611,12 March Thursday ZAMBIA TO BOOST EXPORTS UNDER AfCFTA 6 18 March, 2021

$250, 000 has been invested in setting up a laboratory that will establish gold content in ore which will be bought from artisanal and small scale gold miners Zambia. BY BUUMBA CHIMBULU A PROPERTY Transfer re- turn should be online accompanied with all ne

GOVERNMENThas developed a rollout plan which will ensure quick wins for Zambia during the implementation of the African Continental Free Trade Area Agreement (AfCFTA).

The rollout plan shows the programmes and activities that are key for implementation of the AfCFTA, says Commerce, Trade and Industry Permanent Secretary, Mushuma Mulenga.

Mr Mulenga said the plan was developed in 2020 with the aim to guide the implementation of AfCFTA programmes that could be quick wins in the implementation process of the AfCFTA Agreement.

Zambia, he said, was at a time when it needed to firm up strategies to benefit from the AFCFTA .

He said this during a workshop to finalise the rollout plan for implementation of

the rate of tax applicable on

ZCCM-IH has set up the laboratory in

the transfer of land, shares or

partnership with Karma Mining Services

intellectual property was five

and Rural Development Limited in

percent and 10 percent for a

Consolidated Gold Company.

mining right.

Chief Executive Officer, Mabvuto

He said the concept of value

Chipata, explained that the purpose of

realisation or value determi- the rate of tax applicable on

the joint venture was to develop a ZCCM-IH gold has set up the laboratory in

BY BUUMBA CHIMBULU

nation arises hence for the transfer land, of land, shares or processing and trading operation of partnership the in AfCFTA with and Karma cover Mining key Services

A AfCFTA. PROPERTY open of Mines market Transfer and re- trade Development intellectual was will de- be key property for Zambia was to five

and Ministry Rural the Development Limited Minerals value in

Zambia. “The AfCFTA Agreement strategies within its national

turn should be online enhance percent productivity, and 10 percent employfor a ZRA Corporate Communi- Consolidated at the termined beginning Gold of Company. by this ZRA year circulated as provided a draft presents Mr Chipata Zambia said with the a investment huge strategic Statutory was plan. Instrument, referred to ment as the creation Local and attain sus

accompanied with all mining right. cations Manager, Topsy Sika- necessary Chief for Executive in documents the Officer, law. Mabvuto while in opportunity line with one to increase of ZCCM-IH’s its exstrategic Chipata, Mr Content Mulenga explained Regulations indicated that to the that the purpose mining tainable of sector He said and inclusive the concept growth. of value objectives linda, port earnings said of value a by five tapping creation percent which of the aimed joint was venture at promoting was to value develop chain. a gold into following payment the For must ratification shares be done issued with- of by “We realisation a com- shall require or value FILE determi-

to ensure

in 14 days, says Zambia Reve- nation arises hence for land, the the unpaid larger African amount market would of the be processing agreement, The pany Zambian and incorporated trading Government operation ought that in in to appropriate bring Zam- investment is to diversify its investments away nue from Authority (ZRA). the open market value was de- charged 54 countries for with each a combined month was Zambia. the required mining bia, he companies to said, domesticate the themselves open done on market to board, add value to the prod

copper to other minerals such as gold

ZRA Corporate Communi- termined by ZRA as provided penalty population if of the more tax than remained 1.3 it through cations so Mr that Chipata values they said can determined a the give Statutory investment input as to ucts was were what that is also will be exporting to

Manager, issuing Topsy Sika- for in the law.

and other precious metals. in feasible line with and one what of ZCCM-IH’s is not. strategic unpaid. billion He said people this and during a purchasthe laboratory Instrument objectives linda, determined said of value under creation by the which ZRA was through

a five percent of other For countries” shares issued Mr Mulenga by a com-

This is according to the Copperbelt-raised ing “Any power overdue of about US$3 amount trilshall Customs to diversify the and its Commissioner Excise investments Act. away from General or

the unpaid amount would be said. pany incorporated in Zam- media lion. tour in Lusaka yesterday. This charged Chief Executive Officer of Namibia’s Chamber

the each minerals agreement month such as gold He stressed the need to scale was to other for bia, he said, the open market also attract interest at the rate copper of Mines, nominal Veston Malango. price whichever is “This “Through is also the in line AfCFTA, with Government’s to and have other the precious force of metals. law in under AfCFTA.

penalty if the tax remained up values on exports determined were also discount rate published from unpaid. Mr Malango greater. observed that there determined were classification Zambia would of secure gold a as mara strategic Zambia He said and this subsequently during ore the that laboratory would be received from various

for “For a long by time ZRA through now time details “Any in overdue the draft amount which could shall only the Commissioner General or resource ket for to her for time Zambia,” exports by the and he enBank said. the of country to begin miners, who would get a fair share and media tour “For in Lusaka shares yesterday. trading issued Zambia by has a being dependent also negotiated attract by interest both parties at the rate that were nominal the price whichever is Zambia hance trade plus with two the per rest centum of under Government “This the company is Agreement. also in and line with incorporated Government’s on export out- of copper. We need

Consolidated Gold Company Chief discount rate published value the mines. for from their greater. material. per the annum,” African Countries,” Mr Sikalinda Mr said classification He explained side the of that gold Republic the as a minstrategic that to increase direct- ore on that export would of be out received from various

Executive Officer, Faisal Keer, explained resource He expressed confidence “As Karma if Mining both Services and Rural

time to time by Bank of “For shares issued by a

for Zambia,” he said. miners, who would get a fair share and that in Mulenga his the laboratory write-up said. would on Property be able istry Zambia parties Consolidated to sat together Gold Company to draft a Chief Statutory was, ly working plus or indirectly two closely per centum with owns non company at tradition least incorporated exports such out-

Development, our expertise value for is their in material. gold Transfer The rollout Tax plan, (PTT) he said, in Zambia. was the Executive Instrument Ministry ten Officer, that percent of Finance benefitted Faisal Keer, of to them, explained a as company Government maize edible oils and oth

per annum,” Mr Sikalinda said side the Republic that direct-

process about 30 samples per day. “As Karma Mining Services and Rural expected to cover key activities in was his the that also laboratory far this more process processing, would likely be to able reach to but its overall we are mostly working

Sikalinda explained that ensure that incorporated write-up on Property was in Zambia; er ly products or indirectly the Development, where owns we have our at least expertise a is in gold Mr Keer said the laboratory was Transfer objectives. critical Tax (PTT) with artisanal and small scale gold to be undertaken over a one- in Zambia. comparative ten percent processing, advantage but as we a are mostly working

done. process about 30 samples per day. of a company to year determine period of the implementation gold accurately “The Mr in “These Keer the promotion said targets the miners. are laboratory of mandated export was country,” in critical pursuit Mr of with Mulenga artisanal said. and small scale gold

Sikalinda explained that incorporated in Zambia; the

to a determine national development the gold accurately agenda, in the they are not miners.