• Ndola Chamber commends President Hakainde Hichilema for aggressively moving to reduce the cost of doing business through PPDF.
• The best way to stimulate growth is to carry out a wholes inspection and revision of all statutory, regulatory, legal and licensing fees.
• This should include the cost of borrowing in order to stimulate economic growth.
Ndola & District Chamber of Commerce and Industry has called for a wholesome inspection and revision of all statutory, regulatory, legal and licensing fees, including the cost of borrowing in order to stimulate economic growth.
Speaking to Money FM News, Chamber President Paul Chisunka however commended President Hakainde Hichilema for making strides towards reducing the cost of doing business through the Public Private Dialogue Forum (PPDF).
Mr. Chisunka said the Chamber fully supports the process of properly discriminating high cost factors that are harmful to the well-being of the country’s economy.
He stated that once the cost of doing business is low, it will attract more local and foreign investors to set up businesses and expand their operations, provide employment as well as contribute to domestic resource mobilization.
“The best way to stimulate growth is to carry out a wholes inspection and revision of all statutory, regulatory, legal and licensing fees, including the cost of borrowing, interest rates in Zambia, still remain unbearably high.”
“Ndola Chamber of Commerce commends President Hakainde Hichilema for aggressively moving to reduce the cost of doing business through the Public Private Dialogue Forum (PPDF). We fully support the process of properly discriminating high cost factors that are harmful to the well-being of our economy,” Mr. Chisunka said.
And Mr. Chisunka called on government to continue engaging stakeholders so that they can further scrutinize any legal regulatory or institutional leakages.
“Streamlining the licensing regime and consolidating fragmented legislation that causes duplication of costs also deserves attention, by continuing to engage stakeholders so that we can further scrutinize any legal regulatory or institutional leakages that might cause financial hemorrhage in the private sector,” he stated.
