ZCSD nods increase in VAT refunds to K16.2 billion
• This will increase tax remittances by Companies.• The VAT refunds will also encourage those in the informal sector to formalize their businesses.• This adjustment
Tag : Business
GPZ urges Government to freeze any increases in business levies
• MSME’s represent 97% of all businesses in Zambia with 70% GDP and 88% employment rate.• Government must initiate local private sector reforms for maximum
ZPPA directs Procuring entities to revise annual procurement plans
• The revised level of authority for a Controlling Officer or Chief Executive officer is up to K250, 000.• Procurements valued above K500, 000 up
Zambia likely to lose US$1 billion of uncollected revenue from oil industry
• This translates to significant lost revenue on the part of the Treasury.• Last year, about US$1 billion dollars was not collected from the oil
NUSFAZ urges Livestock farmers to take advantage of Angola’s beef trade market
• Local Farmers to tap in the current demand of beef in Angola.• With the current partnership being entered into by Government with various stakeholders,
Economist expects Annual Inflation down to 12.8%
• The key drivers again is the base effect.• We are expecting inflation to continue coming down in the coming month.• Month on Month Inflation
Kwacha maintains stability against US dollar
• Last week, the Kwacha appreciated by an average of 1.1 percent, the highest recorded in a period of eight weeks.• This could be attributed
Manufacturing, Agriculture industries called to increase exports
• More exports encourages foreign currency to come• Need to have the country’s reserve cover improved to about 6 months.• We need to export more
Money Watch @ Money – 18th April, 2022
In this episode, the host of the show, Moses Mpundu is in conversation with Engineer Patrick Mutimushi, ChairpersonAvocado Cooperative Union of Zambia. Money Watch @
Kwacha’s instability continues
• The Kwacha has depreciated due to the effects of the war in Ukraine.• Zambia has been demanding more of US dollars in order to