Government tackles macroeconomic fundamentals

Copperbelt Province Minister, Elisha Matambo says government has put in place several macroeconomic fundamentals to revive the country’s economy.

Mr. Matambo said the new administration has put in place a tax administration system that has given a positive investment signal that Zambia is ready for business in the mining sector.

ZANIS reports that Mr. Matambo said this when Bank of Zambia Governor, Denny Kalyalya called on him at his office in Ndola today.

He stated that strides have also been made to revive the economy of the Copperbelt stating that government is working with various stakeholders to revamp the industrial area in Ndola to create more jobs for the local people.

Mr. Matambo said despite some industries not being operational, Copperbelt remains the engine of the country’s economy.

He commended Dr. Kalyalya and his team for ensuring that government’s agenda to revive the economy is attained.

Mr. Matambo cited the single digit inflation rate attainment, stability of the Kwacha and the friendly business environment as key macro-economic indicators currently prevailing. 

And Dr. Kalyalya said he is pleased to note that a lot of economic activities are happening on the Copperbelt.

Dr. Kalyalya said an increase in economic activities is an indication of economic growth.

He is accompanied to the Copperbelt by his deputy operations, Francis Chipimo.