Business
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BUUMBA CHIMBULU writes @SunZambian THE Zambia Revenue Authority (ZRA) last year invested in excess of K40 million to acquire high-end and sophisticated servers for online tax systems. This is in the organsation’s continued effort to stabilise core systems, says ZRA Commissioner General, Kingsley Chanda. Mr Chanda said these innovations and system developments had revolutionised service […]
BUUMBA CHIMBULU writes @SunZambian A TOTAL of K12.9 billion tax refunds were last year paid out to key economic sectors by the Zambia Revenue Authority (ZRA), as it commits to pay all due and legitimate arrears through outright cash refunds and tax offsets. In terms of tax refunds, the authority, during the year, paid a […]
AN Economic Analyst Yusuf Dodia says a rise in copper prices is good news for a commodity-driven country like Zambia as there will be more foreign currency. Mr Dodia said more foreign exchange will translate into an appreciation of the Kwacha when it makes imports cheaper, thereby, translating into lower overall prices. Mr Dodia told […]
ANDREW MUKOMA writes@SunZambian AN association of fish mongers in Mombova area in Sekute Chiefdom of Kazungula District has appealed to Government to consider empowering members with start-up grants during the fish ban period. This is in order for them to venture into other businesses as they entirely depend on fishing as a source of their […]
BUUMBA CHIMBULU writes @SunZambian COVID-19 effects have revealed the need to industrialise the economy because the disruption in international trade has resulted in a decline in the manufacturing sector’s growth performance to -4.6 percent in the second quarter of 2020. The disruption in international trade due to Covid-19 resulted in a decline in the manufacturing […]
BUUMBA CHIMBULU writes @SunZambian THE Zambia Revenue Authority (ZRA) has encouraged all taxpayers to use online services for all transactions in an effort to mitigate against the spread of Covid-19. ZRA Corporate Communications Manager, Topsy Sikalinda said ZRA had taken positive steps to encourage clients and staff protect themselves from Covid-19. “We are all in […]
GOVERNMENT has embarked on a robust countrywide exercise aimed at revamping resettlement schemes under the Resettlement Infrastructure Investment and Enterprise Support (ARIISE) programme in order to stimulate economic recovery. Vice President Inonge Wina disclosed that government has been working in the background to find a lasting solution by revamping resettlement schemes so that they become […]
BUUMBA CHIMBULU writes @SunZambian THE Bank of Zambia (BoZ) should revisit upwards the monetary policy rate in the next sitting to counter the rising inflation currently at 19.2 percent. Without first arresting the high rate of inflation, the growth rate in 2021 will be as subdued as it was in 2020, warns Bridges Limited Managing […]
BUUMBA CHIMBULU writes @SunZambian THE Kwacha is expected to receive some support as corporates and exporters convert for quarterly and mid-month tax obligations, Cavmont Bank Zambia has said. Cavmont indicated that with supply still remaining scarce, the Kwacha again moved a notch lower against the United States dollar on Thursday. According to Cavmont, this was […]
BUUMBA CHIMBULU writes @SunZambian GOVERNMENT has put in place incentives to grow various sectors of the economy by purposely introducing zero or lower tax rates, says Zambia Revenue Authority (ZRA) Corporate Communications Manager, Topsy Sikalinda. Mr Sikalinda said Government through the ZRA allowed stakeholders to import various goods duty free while others only paid Value […]
