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Stay updated with the latest headlines, industry trends, and career insights from top Zambian sources.
Cabinet has approved the Budget Policy Concept Paper to guide the formulation of the 2027-2029 Medium-Term Budget Plan and the 2027 Annual Budget. The policy focuses on supporting national development and growing the economy under the Grow Zambia Agenda while ensuring fiscal consolidation and debt sustainability.
Finance and National Planning Minister Situmbeko Musokotwanes has called for improved revenue collection through greater efficiency, compliance, and enforcement to maximize state revenues. He stressed the need to address leakages caused by weak compliance, smuggling, tax avoidance, and tax evasion.
The Lusaka City Council has given unregistered boarding houses a one-month ultimatum to formalise their businesses or face closure and penalties. Authorities warn that failure to comply compromises health and safety standards for students.
Approximately 57,000 vehicles risk de-registration for being inactive on the National Vehicle Register for over five years. The Road Transport and Safety Agency (RTSA) has granted owners a 14-day window to regularize their compliance.
The Bankers Association of Zambia (BAZ) has pledged increased financing to key sectors like agriculture, energy, mining, and tourism to support Zambia's economic growth. BAZ Chief Executive Officer Leonard Mwanza highlighted that recent macroeconomic stability has created a strong foundation for these investments.
Economist Lubinda Haabazoka highlighted that Zambia's transition to economic growth under the Grow Zambia agenda offers significant opportunities in agriculture, mining, energy, and manufacturing. He emphasized that these targets serve as benchmarks for both public and private sector investments to drive value addition and regional exports.
Government has cleared off the 11.5-million Kwacha debt owed to Eastern Water and Sanitation Company.
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