The Center for Trade Policy and Development is pleased that the revision of the Zambia Development Act will result in increased investment in the country.
CTPD Executive Director Isaac Mwaipopo has told Money FM News that his organisation is also hoping that the US$500, 000 minimum investment in the Multi Facility Economic Zones for one to access incentives will be revised downwards.
Mr. Mwaipopo says his organization carried an assessment of the performance of the MFEZs across the country and found a number of issues.
Mr. Mwaipopo says one of the issues highlighted in the assessment is the issue to do with the US$500, 000 minimum requirement saying it was hindering the growth of the zones.
“Through the assessment we conducted last year, one of the things we discovered was that that issue (US$500, 000 minimum requirement to invest in the zones to access incentives) was making the zones were unpopular for locals to invest in the MFEZs,” he said.
He is confident that the revision of the ZDA Act will also look at this aspect of the investment in the multi facility economic zones.