Economic think tank in Africa’s second largest copper producer has said cited sanity in Zambia’s mining tax regime as a stride towards enhancing economic development. This was carried in a press release shared by Economics Association of Zambia President Dr. Lubinda Haabazoka. Mineral royalty taxes and sales tax introduction will be the first step towards more measures proposed this year that are aimed at enhancing national economic development.
“Zambia’s economy is actually bigger than captured in official figures and clearly It is no coincidence that we are among the most stable economies in Africa,” Dr. Haabazoka said.
Habazoka highlights unemployment levels, thin government revenues and suppressed trickle-down benefit effects as a result of leakages in the southern African nations economy. These leakages, created by old and stale laws, some of which were hastily enacted post the ‘command economy’ era of the early 90’s.
The EAZ has proposed that each citizen fully familiarizes themselves with the 7th National Development Plan (SNDP) and Vision 2030. The Association will unveil as series of activities to explain to those who cannot digest the information at individual level, the press release carried.
Success knows no orphans
The EAZ has advised that in order to achieve sustainable economic development, each and every citizen should speak with one voice. Let us all unite for the sake of our country. Even our critics are now in the forefront of supporting the new mine tax regime because “success knows no orphans”. Those that decided to take an opposite stance are now regretting because the truth has prevailed.
The Association has urged Zambians to set aside political, tribal, racial, educational differences but should stand as one team dubbed ‘team Zambia’.
EAZ will soon propose measures to stakeholders aimed at ending decades long national economic development bottlenecks and impediments.
