Close Menu
Simply Invest Asia
  • Home
  • Industries
  • Investment
  • Money
  • Precious Metals
  • Property
  • Stock & Shares
  • Trading
What's Hot

Utilities Down, But not by Much, on Defensive Bias – Utilities Roundup

March 7, 2026

Municipal bonds offer a rare opportunity as yields climb, says Nuveen’s Dan Close

March 7, 2026

Better Stock to Buy Right Now: Royal Caribbean vs. Viking Holdings

March 7, 2026
Facebook X (Twitter) Instagram
Trending
  • Utilities Down, But not by Much, on Defensive Bias – Utilities Roundup
  • Municipal bonds offer a rare opportunity as yields climb, says Nuveen’s Dan Close
  • Better Stock to Buy Right Now: Royal Caribbean vs. Viking Holdings
  • Building society launches new ‘competitive’ savings account with 4% interest | Personal Finance | Finance
  • Income Tax Impact of Selling Precious Metals and Numismatics
  • High-Frequency Trading: HFT in Modern Crypto Trading
  • Martin Lewis explains how to get much better return on savings
  • Costco’s Strong Growth Continues. But Is the Stock Too Expensive?
Facebook X (Twitter) Instagram YouTube
Simply Invest Asia
  • Home
  • Industries
  • Investment
  • Money
  • Precious Metals
  • Property
  • Stock & Shares
  • Trading
Simply Invest Asia
Home»Industries»Manufacturing industry vital for the country’s economy-ZAM
Industries

Manufacturing industry vital for the country’s economy-ZAM

By LucasDecember 4, 20252 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


Minister of Commerce, Trade and Industry, Chipoka Mulenga has disclosed that Zambia’s manufacturing sector has created over 25,000 jobs in the last four years, contributing significantly to the country’s economic growth.

Speaking during the Zambia Association of Manufacturers (ZAM) 39th Annual General Meeting in Lusaka, Mr Mulenga revealed that the manufacturing industry has now contributed more than 9 percent to Zambia’s GDP, a record achievement that he says deserves national recognition.

He noted that while most discussions on job creation often focus on the civil service and the mining sector, manufacturers have quietly become a major source of employment and revenue.

Mr Mulenga promised to engage the Ministry of Finance and National Planning on concerns raised by manufacturers over new sectoral import tax instruments, which they fear may threaten growth and production.

Mr Mulenga stressed that the government’s role is not to compete with businesses but to create an enabling environment that supports industrial growth.

He further acknowledged challenges posed by illicit trade, saying a task force established by President Hichilema would intensify efforts to curb smuggling, which he warned undermines compliant companies and the broader economy.

Mr Mulenga also pledged government support to local producers of IV fluids, saying classifications and tax barriers affecting their operations would be reviewed to strengthen local production and exports.

He urged manufacturers to continue partnering with the government, assuring them that their concerns have been taken seriously and will be addressed collectively to enhance Zambia’s industrialisation agenda.

Loading read count…



Source link

Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email

Related Posts

Invoking emergency powers, India asks oil refiners to ramp up LPG output

March 7, 2026

UK Lords warn of AI impact on creative industries

March 7, 2026

Government’s AI copyright reforms set for delay after backlash from creative industries

March 6, 2026
Leave A Reply Cancel Reply

Our Picks

Should You Use Savings to Cover Early Retirement Expenses to Delay Social Security?

November 11, 2025

Lessons From The 3 U.S. Cities At The Highest CRE Foreclosure Risk

November 10, 2025

Scientists unveil cutting-edge ruthenium catalyst for new reaction discovery and optimisation

October 11, 2025

Global commodity prices expected to decline by roughly 7%, precious metals to rise 5% in 2026: Report

November 30, 2025
Don't Miss
Money

Utilities Down, But not by Much, on Defensive Bias – Utilities Roundup

By LucasMarch 7, 2026

Shares of power producers fell, but not by as much as the broad market, as…

Municipal bonds offer a rare opportunity as yields climb, says Nuveen’s Dan Close

March 7, 2026

Better Stock to Buy Right Now: Royal Caribbean vs. Viking Holdings

March 7, 2026

Building society launches new ‘competitive’ savings account with 4% interest | Personal Finance | Finance

March 7, 2026
Our Picks

Stock Market Today, March 3: Netflix Rises After JPMorgan Upgrade Powers Five-Day Rally

March 4, 2026

Scam warning as fraudsters use unexpected trick to steal money | UK | News

December 1, 2025

Top 5 Growth Stocks to Choose For Purchase in 2026

January 17, 2026
Weekly Pick's

Latest UK Car Insurance Statistics – Updated July 2025

November 23, 2025

Brussels pushes for 70% of critical goods content to be ‘made in Europe’

December 4, 2025

Canada’s oil industry thrives as sales to China soar

January 27, 2026
Monthly Featured

Residential property prices up 5% at end of 2024

February 9, 2026

How does multi-currency support help businesses manage global transactions?

November 29, 2025

Guests ‘kicked out’ as hotel chain collapses | Money blog | Money News

November 12, 2025
Facebook X (Twitter) Instagram Pinterest
  • Contact Us
  • Privacy Policy
  • Terms and Conditions
© 2026 Simply Invest Asia.

Type above and press Enter to search. Press Esc to cancel.