Zambia African Safari

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Saturday, January 07, 2006

Now it’s the Export Processing Zones

The Zambia Export Processing Zone Authority (ZEPZA) and the Zambia Revenue Authority (ZRA) have bunched up. They are working on streamlining their regulations before the Export Processing Zone licences could be implementing.

ZEPZA marketing and public relations manager Margaret Chimanse said ZRA and EPZ Acts are being repealled in order to harmonise them and remove duplication and conflict.

So the suspended EPZ licences are expected to be lifted at the beginning of 2006. According to Ms Chimanse EPZ licences have generated a lot of interest among investors.

Both local and foreign companies have already applied for the EPZ. Why this great interest? The Zambian economy is currently on the mend and very attractive too. Brokers are now referring it to a bullish trend. So investing in Zambia safari makes good business sense.

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