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Commerce,Trade and Industry Minister, Chipoka Mulenga, says the government is developing a framework to reduce a number of business licences that hinder growth.
Industrial players in Zambia claim that the country has more than 200 different business regulation licenses thereby hindering growth.
However, Mulenga told Zambia Monitor in an interview during the just ended Copperbelt Agriculture, Mining and Networking Expo on Wednesday that a framework is being worked on to consolidate the licensing regime.
Read more: over-regulation-hindering-business-growth-in-zambia-mulenga
“We have heard complaints from the industry on the need to reduce the number of business licenses. This government wants a private sector led economy ,” he said.
Mulenga encouraged innovation among business players to make an impact on the economy.
He said the government would continue encouraging partnerships between local and foreign enterprises to grow the capacity to participate in the mining value chain.
Mulenga said there was a need for SMEs in the country to prepare themselves for a mining boom.
He added that with Mopani Copper Mine and Konkola Copper Mine coming on line, there would be more business opportunities for SMEs to participate.
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