Red tape and bureaucracy are often cited as the main roadblocks to foreign investment, and now the government is making an attempt to address the issue.
The Zambia Development Agency (ZDA) has introduced an Electronic Regulatory registry (e-registry) for business licences under the Private Sector Development Reform Programme (PSDRP) to improve business environment and reduce the cost of doing business.
This means that the business community will easily transact with more than one licensing authority or agency from a central point. ZDA senior registry officer Charles Matanda said business houses will be able to apply for licences on-line and pay all the necessary fees through a web portal. Mr Matanda said ZDA is in the process of developing a strategic plan to implement phase two of the e-registry programme which will facilitate on-line business transactions.
He said through the e-registry, ZDA has managed to gather all business licences on the web portal for easy access.