STATE, AFRICA MINES NEEDSIN TAX MORE SWAPFISCAL SPACEZCM - WTO
6 Wednesday 5 May, 2021 EDIBLE OIL VALUE CHAIN, GOVT ADVISED By
AFRICA’Sance of new Special Drawing president, wealth and support the Rights (SDR) at the InternationGoodwell Mateyo munities they live in. economies al Monetary Fund (IMF), which “We must, therefore, ensure require short-term agreed to provide US$650 bilthat these young ones are made Sokwani Chilembo, policies that said will in enan lion. make off sets against taxes that and not erased. We must create interview that able the them tax to get offsets more Africa, they owe. Dr Okonjo-Iweala an enabling environment for were currently fiscal stimulus, happening says World at said, would “One get of US$34 the billion things which our young entrepreneurs to company Trade BUUMBA level. Organisation CHIMBULU ( WTO) crushing capacity with two but is indicated quite that important more may be is on cash succeed and empower them to CRUSHERS
It happens, it has been new plants under construc-
allocated. working capital and one way
Director General, Ngozi Okoncreate the jobs that would lift happening for a long time. So they [Government] could as- tion and that would be opera-
jo-Iweala. and “We can use this to help imthe by continent year end to of prosperity,” this year. Mr an on-going process, Edible it is sist is through the outstanding tional
plement more fiscal stimulus Elumelu said. is fully commit- part of Dr the Okonjo-Iweala Oils whole process. Refiners reiteratSo VAT. “CEDORA
so that our economies can have And achieving President and Kagame realiz- urged on-going. ed her call Association They to restructure happen debt at “Not necessarily pay- ted to company (CEDORA) owed level. by African has called countries for to the ability ing cash, to recover. but Moreover, at a
ing African this potential leaders and to we develop are further will enable need them development provide to make economic con- some very liquidity least should allow go to the excited the political by the fact will that to make gov- free
of measures stimulus that for their will support economies ernment movement policy of and people Zambia within the tacts, we do not comment on it private mines sector. to make
the and edible accelerate oil value recovery chain from in “You Revenue continent Authority a reality have in been order to without offsets know against that in rich coun
Zambia. making direct contact extremely supportive.
with the Covid-19 members. devastation. We need to tries, some private taxes sector has gotten facilitate African trade.
Further developing of sup- “It is our hope that with speak portive to She them measures stressed then the will importance give ensure you access that to credit they and owe liquidities Mr Kageme called for in
this message our government some that to information. discuss oil seed debt cultivation restructuring So let in me that ZRA enabled if those their Small and can vestment be assured that that would we enable as
out Zambia and from giving becomes them,” African an economies increas- Mr Chil- Medium could Enterprises be (SMEs) to stakeholders the continent in the to be oil part seed of the embo ing fiscal said. and space core to component recover. of recover,” clawed she said. out of living on the continent and value fourth chain are industrial fully prepared revolution
Recently, small-scale This, she ZCM farming, explained, president, says would At of the the same VAT meeting, re- United address the challenge of unemto play that our has part been to contribute changing how Goodwell CEDORA allow African Mateyo, Director, governments indicated Aubrey to Bank funds. for Africa This (UBA) is Chairployment. to our people’s national lives objectives,” and work. Dr
the Chibumba. invest Chamber not only on was the in health dis- realising man, an Tony this on-going Elumelu, potential urged and govplay our He stressed part to contribute that the priority to Chibumba. “The social and economic efcussion side Dr with but Chibumba also Government on the indicated economic for we a ernments are discussion excited and business by the leaders fact our for national Africa was objectives,” the empowerhe He fects observed of the pandemic the need are to very possible that doing debt so swap. would help to that in Africa Government but to we prioritise wish youth emsaid ment in a statement. of its youths and ensurre-examine clear. We current are counting approach on our
policy and
side.
Mr achieve Mateyo some said of the national once the Zambia it could Revenue be Authority Dr Chibumba stressed that towards oil seed breeding and goals “This as espoused is how we in the are 7th going have powerment been extremely and job support- creation. ing the creation of jobs and continents resilience to see us
oil seed cultivation and pro- the current high cost of certi-
discussion to recover,” was Dr fruitful, Okonjo-Iweala Gov- resolves Elumelu, also Founder of
National Development Plan ive. Mr cessing economic provided opportunities an opportu- even fied through oil seeds. this crisis. ernment said at would a virtual UBA not Africa have Day to the quicker,” Tony Elumelu Foundation that was poverty reduction, “It is our hope that with this nity during to expand very difficult the agriculture times. He “Fortunately, said it was we in the are working in-
cash Conversation from the 2021. treasury but ( TEF) Mr stated Mat- that by prioritising crop diversification and in- message our Government can sector. “We have seen how our terest together that a as mechanism a continent was with allow dustrialization. entities She acknowledged owed refunds efforts to be youth assured eyo empowerment said. that we as stake- and job He young said ones this was despite a sub-sec- Covid-19 implemented our partners for to developing build Africa’s
by “CEDORA President is Paul fully Kagame com- of holders creation, in the countries oil seed would value be tor leveraged with over their talents, 800,000 expernew vaccine high yielding manufacture breeds capacity,” to mitted Rwanda to to achieving push for the and issu chain able are to improve fully prepared the standard to tonnes tise of and installed technology soya to bean create maximise he said. on utilisation. com