Fri, 21 Jan 2022

LUSAKA, Nov. 17 (Xinhua) -- The Zambian government intends to introduce a one business license policy in order to position the country as a preferred investment destination to the business community, a senior official said on Wednesday.

Chipoka Mulenga, Minister of Commerce, Trade and Industry said the ministry will seek to lessen the number of licenses for one to set up business in Zambia.

The Zambian minister said the current approach and legislation in the trade and investment sectors were not giving the government the desired results, adding that the one-license policy will make investments favorable to the business community.

"It will also encourage local entrepreneurs to be major players in the investment sector," he said, according to a release.

According to him, it was the government's objective to provide an enabling environment for the private sector to thrive and so that they could make more investments.

The Zambian minister further said the government was engaging the businesses and leading financial institutions to ensure that shareholding for local businesses was increased in multi-national businesses.

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