BCI shows Highest Business Confidence in 2 years about the business environment
The BCI for Q3 of 2021 was recorded at 156 points. This is much higher than the 15 recorded in Q1 of 2021, the 156 points implies that the business executives expressed very positive sentiments about the business environment. Business Confidence Index (BCI) is the ZACCI proprietary tool that measures […]
Maize Meal in Zambia: The Giffen Good Paradox
Mealie meal in Zambia (Corn meal) is not a normal good in the economic sense, it is a Giffen good. This paper sets out the conditions under which we would expect Giffen behaviour can be demonstrated by elaborating Marshall’s statement with respect to Mealie meal prices in Zambia. This […]
Mining Local Content SI
According to a recent report commissioned by the African Development Bank (Lombe, 2019), the Zambian Mining industry consumed an estimated $2.4bn worth of selected goods and services in 2017. Locally manufactured goods and resident service provision only accounted for 10.6% of total purchases. Goods and services procured from Zambian owned […]
Business Cycle Review – Impact of COVID on GDP
The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (GDP) and other macroeconomic variables. A business cycle is typically characterized by four phases -recession, recovery, growth, and decline that repeat themselves over time. The business cycle is the […]
Budget Process in Zambia
The budget is the most important economic policy tool for macroeconomic management and resource allocation for any government. It provides a comprehensive statement of the nation’s priorities. Over the years, the budget has evolved from being a simple accounting tool to a planning and governance document upon which the success […]
NAPSA Position Paper
Many SME’s struggle with compliance to the statutory obligations under NAPSA. Excluding many formal businesses, Low compliance levels manifest in the difficult-to-reach groups. Even when new businesses do register, there is a likely risk that the targeted groups will merely register but remain non compliant in terms of remitting contributions. […]
MCTI launches Business Survey Report
The Ministry of Commerce Trade and Industry with support from the United Nations Development Programme (UNDP) conducted this business survey in order to assess the impact of the Covid-19 pandemic on various enterprises in Zambia, including large, medium, small and micro enterprises (MSMEs) and cooperatives. It proposes recommendations on relevant […]
Sovereign Wealth Fund in Zambia
In April 2019 ZACCI appeared before parliament to propose a sovereign wealth fund. In July, it was accepted as a recommendation for the twelfth session of parliament. Sovereign Wealth Funds (SWFs) are pools of assets owned and managed directly or indirectly by governments to achieve national objectives. Typically they are […]
Sales tax vs VAT – A review
In 2019 a proposed Government intervention reopened a policy debate over which consumption tax is more efficient – sales tax or VAT? This research paper by Kampamba Shula delved into the implications of switching from the VAT system to the Sales tax system and served as part of the advocacy […]
Business Confidence Index records increase amidst negative sentiment
The ZACCI Business Confidence Index Q2 – 2019 survey covers the period from April, 2019 to June, 2019. The survey captures the current business climate in Zambia and factors affecting business growth. It allows for short term forecasting and provides valuable information to businesses, investors and Government. Business Confidence Index […]