By NATION REPORTER
THE Private Sector Development Association (PSDA) says the environment for local investors is not favourable because the cost doing business has escalated.
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PSDA chairperson Yusuf Dodia said Zesco tariffs continue to rise because the Energy Regulation Board (ERB) approved the upward adjustment beginning next year.
He said this makes Zambia a very expensive investment destination.
Mr Dodia said if the situation is not looked into, it will cripple the local investors.
He said currently, the local investors are relying on small capital to remain in business which should not be the case.
Mr Dodia said the business sector plays a critical role in the country’s economy, therefore, Government need to provide incentives for the growth of the sector.
Mr Dodia said the government has been boasting about the creation of conducive environment for business which is only on paper and not actually on the ground.
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