The United States Agency for International Development (USAID) has called for greater transparency and public accountability in delivering services outlined in Zambia’s 2025 national budget, emphasising the importance of institutional strengthening to attract private investment.
Speaking at the Eastern Province Tax Dialogue Forum and Post-Budget Symposium on Wednesday, USAID Mission Director, Peter Wiebler, stressed that robust oversight and enforcement mechanisms are essential to foster confidence among investors and stimulate economic growth.
“Ensuring tax compliance and combating illicit financial flows, including at the borders, are critical steps in this process,” Wiebler stated at the event held at Protea Hotel in Chipata.
Wiebler underscored the role of local authorities in Zambia’s decentralization efforts, noting their importance in fostering a conducive business environment.
He urged local leaders to engage collaboratively with the private sector to create “win-win solutions” that streamline business operations while supporting national development goals.
“Our partners from the Ministry of Finance, ZRA, PACRA, and others are here to engage with you and explore solutions that alleviate business burdens while contributing to Zambia’s long-term investment landscape,” he added.
Acknowledging Zambia’s fiscal challenges amid drought and power shortages, Wiebler highlighted USAID’s emergency support, which includes approximately $20 million (K520 million) in food aid and drought relief.
Read More: Zambia partners USAID to boost private sector business environment
He noted that this funding is part of the U.S. government’s larger $67 million commitment to bolstering food security and improving agricultural practices.
Meanwhile, Zambia Revenue Authority (ZRA) Director- General, Dingani Banda, noted that ZRA aimed to collect K125.3 billion this year, an increase from last year’s K103.1 billion target, expressing confidence in exceeding expectations.
Echoing these sentiments, Eastern Province Minister, Peter Phiri, highlighted the role of USAID’s Revenue for Growth (R4G) Project in expanding capacity-building initiatives nationwide, benefiting the private sector and civil society across Zambia.
WARNING! All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express permission from ZAMBIA MONITOR.
Comments