The business landscape in Zambia is constantly changing with new developments and trends emerging all the time. From government policies and economic reforms to new investments and acquisitions, there’s always something to keep an eye on.
In this article, we’ll be taking a closer look at the latest business news in Zambia, focusing on the top stories you need to know. We’ll be covering a wide range of topics and providing valuable insights into what’s happening in the world of business in this African nation.
Let’s get started.
Lusaka Water and Sewerage Company (LWSC) to be Liquidated
The government of Zambia recently announced that it would be liquidating the Lusaka Water and Sewerage Company (LWSC) in a bid to improve public service delivery. The move comes after years of complaints from residents about poor water supply and irregular billings. According to government officials, the liquidation process will be conducted in a transparent and accountable manner, with the aim of ensuring that residents have access to high-quality services.
Copper Prices Soaring
Copper prices have been soaring in Zambia, with many analysts predicting that the metal will continue to rise in value over the coming months. This is great news for the country, given that copper is one of Zambia’s primary exports. The increase in prices is largely due to growing demand from China, which accounts for a significant portion of Zambia’s copper exports.
New Investments in Agriculture
Zambia’s agriculture sector has been attracting a lot of attention from investors in recent months, with several large-scale projects in the pipeline. One of the most significant projects is a new partnership between Zambia and the Saudi Arabian government, which will see the construction of a massive agricultural complex in the country. The project is expected to create thousands of jobs and boost the country’s agricultural output.
New Tax Reforms
The business community in Zambia has been keeping a close eye on the government’s proposed tax reforms, which are aimed at simplifying and streamlining the country’s tax system. The reforms include the introduction of a standard VAT rate of 16% and the abolition of several other taxes, including those on mobile phone airtime and bank transfers. While some have criticized the reforms as being too drastic, others believe that they will help to boost the country’s economic growth.
Conclusion
These are just some of the top business news stories making headlines in Zambia right now. As you can see, there’s a lot happening in the world of business in this African nation, with exciting new developments and initiatives emerging all the time. Whether you’re an investor looking for new opportunities or a resident keen to stay informed about the latest business trends, there’s plenty to keep you interested. So, keep an eye on these stories as they unfold and stay ahead of the curve in the world of business in Zambia.
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