(3 minutes read)
- Zambia’s Commerce Trade and Industry Minister Chipoka Mulenga said that the government would introduce a single window Policy in order to position Zambia as a preferred investment destination to the business communities from the country and outside.
- Mr. Mulenga revealed that in accordance with that objective, the government would change some legislation to lessen the number of licenses for one to set up business in Zambia
- He added that the current approach and legislation in the trade and investment sectors were cumbersome and not giving the government the desired results
Zambia’s Commerce Trade and Industry Minister Chipoka Mulenga said that the government would introduce a single window Policy in order to position Zambia as a preferred investment destination to the business communities from the country and outside.
Mr. Mulenga revealed that in accordance with that objective, the government would change some legislation to lessen the number of licenses for one to set up business in Zambia. He added that the current approach and legislation in the trade and investment sectors were cumbersome and not giving the government the desired results.
Mr Mulenga said the one-license policy would make investments favorable to the business community. Apart from encouraging flow of investments from abroad, the policy would act as a catalyst for motivating local entrepreneurs to invest and to emerge as major players in the investment sector.
The government, the minister said, would engage businesses and financial lending institutions to ensure that local businesses should have a shareholding in multi-national businesses.
The minister was speaking at a one day investment workshop in Johannesburg, South Africa, hosted by a Zambian Law firm Musa Dhudia and Company along with South African counterpart Webber Wentzel.
The workshop was attended by experts in the mining and energy sectors from private and public sectors in Zambia and South Africa . The objective of the workshop was to showcase Zambia as a destination to South African based investors.
