This site uses cookies. By continuing to use this site you consent to our use of cookies. Close

Africa Legal

Africa Legal

  • NEWS
  • JOBS
  • COURSES
  • CLIENTS
    • Sign in
    • Sign up
  • NEWS
  • COURSES
  • JOBS
    • Sign In
    • Sign Up
  • News
  • Courses
  • Jobs
  • Events
  • Business A-Z
  • Post a job
  • Contact Us
  • Clients
CLIENT SIGN IN
Country
  • Uganda
  • South Africa
  • Kenya
  • Nigeria
  • Cameroon
  • United Kingdom
  • Cote d'Ivoire
  • Ghana
  • Tanzania
  • Zambia
  • Botswana
  • Morocco
  • Zimbabwe
  • Mauritius
  • Mozambique
  • Sudan
  • Rwanda
  • Ethiopia
  • Angola
  • Egypt
  • Togo
  • Mali
  • South Sudan
  • Swaziland
  • Senegal
  • Malawi
  • France
  • Guinea
  • Middle East
  • Democratic Republic of the Congo
  • Gambia
  • Sierra Leone
  • Germany
Category
  • Profiles
  • Analysis & Opinion
  • Career advice
  • In-house
  • Latest news
  • Press releases
  • Africa Legal Blog
  • Women in Law
  • Innovation
  • Human Rights
Practice area
  • Agriculture
  • Arbitration
  • Aviation
  • Banking and Finance
  • Capital markets
  • Charties and pro bono
  • Company commercial
  • Competition and antitrust
  • Construction and engineering
  • Consumer products
  • Corporate finance and M&A
  • Criminal
  • Education
  • Employment and benefits
  • Energy and natural resources
  • Environmental
  • Financial services
  • Fraud & white collar crime
  • Funds
  • Governance | risk and compliance
  • Government and public sector
  • Health and safety
  • Healthcare and pharmaceuticals
  • Insurance/Reinsurance
  • Intellectual Property
  • Litigation and dispute resolution
  • Logistics and transportation
  • Manufacturing and Industrial
  • Private client and family
  • Private equity
  • Projects and infrastructure
  • Real estate
  • Regulatory
  • Restructuring | insolvency and debt recovery
  • Shipping and maritime
  • Taxation
  • Technology media and telecoms
  • Travel and tourism
close

Registration

Registered Successfully!!!. We have sent you a confirmation email to your email address.
close


View My Saved News


close You must login to save your news
  • LOGIN
  • NEW USER

Login to your account

Forgotten your password?
or

Create an Account

close


View My Saved News


« Back

An Outlook on Zambia 2022

Infamous for its debt burden, plans to turn around Zambia’s fortunes are in the pipeline following the election of a new government. Brenda Mutale Chanda and Sharon Sakuwaha, co-managing partners at Moira Mukuka Legal Practitioners, chatted to Tom Pearson on the renewed optimism among its citizenry.

Nov 09, 2021
Share

The high turnout by the youth aged 18 to 35 in Zambia's general election held in August, heralded a regime change which has put President Hakainde Hichilema in power. The main driver for the change, according to Chanda, was the rapidly declining economic situation that the country went through in the recent past, leading to Zambia being Africa’s first pandemic-era sovereign to default. The lack of employment opportunities for the youth was worsened by the pandemic, she said.

“The other factor is the lack of access to finances for this demographic which is mainly in the small and medium sized enterprises sector, so you find that this causes a lot of frustration among the young people and ultimately translated into a change of government,” Chanda commented.

It’s now up to the new government to stimulate growth and  transform the economy, Chanda believes. “The policies of the current government have been stipulated in the budget that was presented to parliament recently, and the focus is economic transformation, job creation and value addition in the key industries that drive the Zambian economy. These sectors include mining, agriculture, tourism and energy.”

In the podcast Chanda shared further insights on policies and initiatives that are needed to bring about economic transformation, job creation, and an enabling environment for business.

Sakuwaha offered her perspective on the bottlenecks that have previously prevented Zambia, the second largest producer of copper in Africa, from fully harnessing its potential. She listed the inappropriateness of the fiscal regime and the inconsistencies around its implementation as among the problems. However, she says, reforms are being put in place.

“Mining is a long term, complex activity that's very capital intensive and one really has to take a long term view. So far, the government seems to recognise this and so there have been pronouncements made to review the mining tax policy and regime in order to increase investment in the sector.”

Sakuwaha elaborated on how the debt burden and the finance infrastructure gap can be addressed and how this will come into effect. Her conversation with Pearson ended with a discussion on green finance and renewable energy, a hot topic presently being highlighted at COP26.

Listen to the podcast on SoundCloud, Spotify or Apple

 

To join Africa Legal's mailing list please click here

 

 

Copyright : Re-publication of this article is authorised only in the following circumstances; the writer and Africa Legal are both recognised as the author and the website address www.africa-legal.com and original article link are back linked. A bio for the writer can be provided on request.

RELATED CATEGORY NEWS

Niche firms with elephant-sized impact Read more
Custodians of risk and reward Read more
An insightful look at competition, tra Read more

RELATED COUNTRY NEWS

The compliance advantage Read more
Ringing the Changes Read more
Legal Tradition Meets Dynamism Read more
Africa Legal
  • About us
  • Contact us
  • Terms of use
  • Privacy and cookies policy
Members
  • Find a job
  • Take a course
  • Read news
  • Terms and conditions
  • Cancellations and refunds
Clients
  • Terms and conditions
  • Post a job
  • Host a course
  • Advertise
  • Share news
Connect with us
© Copyright 2023 | Africa Legal. All rights reserved. | Privacy Policy