Economy

Over regulation hindering business growth in Zambia —Mulenga

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Commerce, Trade and Industry Minister, Chipoka Mulenga, says over regulation has remained a hindrance to the growth of businesses in Zambia.

Mulenga observed the need for government not to drive policies that threatened businesses.

Government, he said, should instead come up with policies that translated to economic growth.

The Minister was speaking when he officiated at the World Metrology Day commemorations on Monday.

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“To register business in Zambia, you need to have about five to seven certificates and all are paid for, there is an urgent need to collapse these into one at a fair price not having one which is very expensive,” he said.

Mulenga challenged the Business Regulatory Review Authority (BRRA) to expedite the necessary business processes and be concluded by June 15.

Zambia Metrology Agency (ZMA), Board Chairperson, Josias Nyirongo, said metrology served as the bedrock upon which sustainable development thrived.

Nyirongo said from environmental conservation to economic prosperity and social equity, metrology played a pivotal role in shaping a sustainable future.

ZMA Executive Director, Humphrey Nkobeni, said this year’s theme was not a mere catch-word but a call to action, a commitment to safeguarding the planet and its resources.

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