A TOUGH ECONOMIC BEGININNG, THE YEAR 2015Continued from yesterdayPresident Edgar Lungu being a listening President and the fact that his government seeks to liberate the Zambian people from poverty through maximizing revenue collection that can be used for developmental projects in the country, H.E President Lungu and his Patriotic Front government took time to study the submissions and as you will see later in following article, the 30% corporate tax removed was reversed in 2016 among other adjustments to the mining tax regime.As a result of these tax changes made in 2015, Kalukeki Kawezi in his article entitled ‘Foreign Direct Investment, Threat or Help?’ in the Partners Guide Magazine, 2016 Election Special Edition reported that Glencore, the owners of Mopani Copper Mines threatened to lay off over 4,000 and reportedly cancelled over USD $800 Million worth of Copper projects in Zambia.Again, in the same year, 2015, First Quantum Minerals (Zambia’s largest Copper producer) also delayed […]
ZAMBIA’S ECONOMIC PERFORMANCE
