By GIDEON NYENDWA
THE Center for Trade Policy and Development (CTPD) has called for the review of incentives that government has been providing to the mining sector because the output is not commensurate to what the country was putting in.
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CTPD executive director, Isaac Mwaipopo said government has provided a number of incentives to the mining sector but the way the sector had performed in the first half of 2023 leaves much to be desired.
CTPD shared their reflection on the performance of the economy within the first half of 2023 which they indicated that Zambia’s economy has encountered some challenges, the country was grappling with inflationary pressures, exchange rate fractions and the growth trajectory being hampered with downturns in key sectors such as Agriculture and Mining.
Mr Mwaipopo said it would be very important that government relooks at some of the incentives that it has been providing to the mining sector and access the extent to which they were effective in stimulating the growth of the mining sector.
Meanwhile Elijah Mumba, lead researcher extractives CTPD said comparing what was happening in the mining sector in the first quarter of 2022 to the first quarter of 2023 there was a significant reduction in production by approximately 24 percent which was a serious concern.
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