Zambia seeks more investment in mining sector to boost production

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Zambia seeks more investment in mining sector to boost production

STORY: Zambia seeks more investment in mining sector to boost production DATELINE: May 7, 2022 LENGTH: 00:01:06 LOCATION: Lusaka CATEGORY: ECONOMY SHOTLIST: 1. various of the minister 2. SOUNDBITE (English): SITUMBEKO MUSOKOTWANE, Minister of Finance and National Planning 3. various of the audience STORYLINE: The Zambian government said on Friday that it will work on the current mining tax regime to ensure the stability of taxes in order to attract more investment in the sector. Instability in the mining tax regime in the past years has resulted in Africa's second-largest copper producer missing out on new investment in the mining sector. Situmbeko Musokotwane, the Minister of Finance and National Planning said the country has not attracted any meaningful new investments in the mining sector in the past 10 years due to instability in the tax regime. He said the current situation in the country where the mineral tax regime has been undergoing regular changes was causing confusion to the investor

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