ZACCI CONFIDENT OF IMF ZCCM-IH RESCUE INVESTS INFLOW $250,

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.

Business.” ZCCM-IH has set up the laboratory in partnership “Upstream, at discussions with Karma on a the significant current Mining Services

unsustainable PROPERTY debt Transfer situation and rewell derstand the structure and part Rural of manufacturing Development Limited input in THE Zambia Chamber of Commerce as debt turn management should be going online forward,”

and interconnectedConsolidated demands Dr Kawesha come Gold said from in Company. an agriculinterview.

and Industry (ZACCI) is confident accompanied with all that the ness new of Government key industries will firmly necessary ture Chief He and Executive encouraged mining. documents Officer, the Therefore, new Mabvuto while government

Chipata, to call explained for additional that submissions the purpose of with secure the an International rest of the Monetary econopayment agricultural must and be mining done withpoli

towards venture the 2022 was national to develop budget. a gold my Fund as (IMF) the economic new government programme the joint in cies 14 could This, days, he be, and China explained, and trading are, would operation directly allow

says Zambia Reve

and associated US$1.3 billion loan processing in works to reduce costs. nue related industry Authority to and the the (ZRA). costs Government incurred revisit

before the end of this year or within Zambia. the Mr first quarter Shebo of 2022. Nalishebo, ZRA the direction manufacturing Corporate said of all the economic investment sector. sectors. was

in Mr Chipata CommuniEconomic Government’s Statistician economic platform and in cations line “Reduced Dr with Kawesha one of therefore ZCCM-IH’s implored

Manager, Topsy Sika

costs will instrategic is based on private sector-led liberal linda, the private said sector a five regardless percent of of Fiscal Analyst, stressed the objectives crease institutional investment, of value size to creation work producwith which public was

market reform, which bodes well for the unpaid amount would be need the IMF to programme, deal with other the international underto tion, diversify sector productivity and its participate investments and in the away ecocurrent from

charged for each month lying investors issues and global that would players bring targeting copper nomic economic to growth, other drive. minerals necessary such for as gold

penalty if the tax remained down Zambia the with costs. whom partners can be and other

“ZACCI precious looks forward metals. in working

unpaid. improving the livelihoods of

pursued. He with said the this President during and the his laboratory Government This Mr Nalishebo is according stressed to Dr Chabuka that media the “Any in all citizens,” tour economic in Lusaka Mr sectors yesterday. Nalishebo as outlined

overdue amount shall this Kawesha, could ZACCI be done president, by dealing who has also indicated. “This from attract is agriculture, also interest in line energy, with at the Government’s technology, rate with welcomed rent-seeking the private and sector corrupapproach classification Downstream, of gold he as a discount mining, tourism, rate published environment stated, strategic

from sustainability to time and by other the highlighted of tion, and vision burdensome from the new taxes Government. while resource time besides exports Zambia,” of processed he Bank said.

areas. for “ZACCI is confident the new Zambia plus two per centum understanding mineral Consolidated products, Gold Company a good Chief Government will firmly the secure interconan “These are core and our

per annum,” Mr Sikalinda said nectedness International Monetary of economic Fund economic acExecutive part continued of Officer, the recognition manufacturing Faisal as Keer, partners explained

in his development laboratory write-up does would on yield Property be from able the to tivity. programme and associated $1.3 billion that products in the were

Transfer Tax (PTT) supplied in Zambia. do

loan or more before the end of 2021 process captains about of industry 30 samples the promise per day. of a

He said this is in his writemestically positive Sikalinda operating to other explained environment industries that for within the first quarter of 2022. Mr Keer said the laboratory was all critical up “ZACCI on “Measuring, is also ready Managing to contribute to such determine entrepreneurs,” as tourism the gold he and said. accurately health in the

services. the Mr rate Nalishebo of tax applicable however on emphasised the transfer that of land, a key shares metric or intellectual property was five for gauging rising costs was percent and 10 percent for a inflation, presently at 24.6 mining right. percent. He said the concept of value realisation That inflation or value figure, determihe stated, nation related arises hence to changes for land, in level open market of prices value of goods was deand termined services by faced ZRA by as the provided final consumer. for in the law. For shares issued by a com “There is very little considpany incorporated in Zam eration for intermediate costs bia, he said, the open market incurred values determined by businesses were who, also ultimately, determined pass by on ZRA the costs through to the final Commissioner consumer. General or nominal “We probably price need whichever to start is computing greater. a Producer Price Index, “For which shares measures issued and by a tracks company changes incorporated in the price outof side the Republic that direct goods and services before the ly or indirectly owns at least retail ten percent level. Remember of a company that old incorporated adage: if you in cannot Zambia; meathe sure it, Dr you Kawesha cannot manage it,” miners.