economic affairs extract from pf manifesto

ECONOMIC ECONOMIC AFFAIRS – AFFAIRS –

EXTRACT FROM EXTRACT FROM PF MANIFESTOPF MANIFESTO

GOVERNMENT STRATEGIES FOR ECONOMIC SECTORS

Infrastructure Development;Infrastructure Development; Tourism Development;Tourism Development; Lands Development;Lands Development; Environment & Natural Resources Development;Environment & Natural Resources Development; Labour & Industrial Relations Reforms;Labour & Industrial Relations Reforms; Finance & National Development Planning;Finance & National Development Planning; Energy Development;Energy Development; Mines & Minerals Development;Mines & Minerals Development; Commerce, Trade & Industry Development; andCommerce, Trade & Industry Development; and Science & Technology Development.Science & Technology Development.

DEVELOPMENT PLANNING

To achieve integrated social and To achieve integrated social and economiceconomic

development planning, coordination development planning, coordination and and

implementation of programmes, the implementation of programmes, the

Government shall:Government shall:

Streamline the development Streamline the development planning and finance portfolios;planning and finance portfolios;

Source: PF Manifesto

DEVELOPMENT PLANNING [Cont.]

Develop a transitional Develop a transitional development plan to precede long development plan to precede long term development plans;term development plans;

Ensure that all set bench-marks in Ensure that all set bench-marks in sector Ministries are achieved sector Ministries are achieved within the prescribed time frame.within the prescribed time frame.

Develop home grown social and Develop home grown social and economic development economic development programmes;programmes;


MONETARY POLICY

To facilitate effective monetary To facilitate effective monetary policy, the policy, the


Review and amend the Banking Review and amend the Banking and Financial Services Act in order and Financial Services Act in order to streamline the relationship of to streamline the relationship of the Central Bank and the banking the Central Bank and the banking industry;industry;


MONETARY POLICY [Cont.]



Promote through the Central Bank Promote through the Central Bank favourable interest rates to favourable interest rates to facilitate borrowing and investment facilitate borrowing and investment by the private sector and by the private sector and individuals;individuals;


MONETARY POLICY [Cont.]



Control inflation in a manner which Control inflation in a manner which will realistically reduce prices of will realistically reduce prices of commodities in order to make commodities in order to make them affordable to the vast them affordable to the vast majority of the Zambian people.;majority of the Zambian people.;


FISCAL POLICY

To facilitate effective fiscal policy, the To facilitate effective fiscal policy, the

Government shall:Government shall: Streamline the tax regime in order to Streamline the tax regime in order to

lower taxes and promote compliance;lower taxes and promote compliance; Raise the tax threshold for PAYE in Raise the tax threshold for PAYE in

order to increase the disposable order to increase the disposable income for individuals and families income for individuals and families as well as to encourage savings;as well as to encourage savings;


FISCAL POLICY [Cont.]

To facilitate effective fiscal policy, the To facilitate effective fiscal policy, the


Review the individual income tax Review the individual income tax rates and tax bands;rates and tax bands;

Provide tax credit in respect of Provide tax credit in respect of children;children;

Review the VAT Refund Scheme in Review the VAT Refund Scheme in order to make it efficient;order to make it efficient;



To facilitate effective fiscal policy, To facilitate effective fiscal policy, the the

Government shall:Government shall: Exempt or zero-rate VAT on Exempt or zero-rate VAT on

essential commodities and services essential commodities and services like food, transport, reading and like food, transport, reading and educational materials, agricultural educational materials, agricultural inputs and medicines;inputs and medicines;




Government shall:Government shall: Reduce the Value Added Tax rate in Reduce the Value Added Tax rate in

order to make goods and services order to make goods and services affordable to the consumer;affordable to the consumer;

Review corporate tax in order to Review corporate tax in order to promote compliance and re-promote compliance and re-investment;investment;




Government shall:Government shall: Engage the mining houses in Engage the mining houses in

arriving at an equitable and arriving at an equitable and enforceable mining tax regime in enforceable mining tax regime in order to promote rapid investment order to promote rapid investment and employment in the industry;and employment in the industry;




Government shall:Government shall: Relate the level of tax concessions Relate the level of tax concessions

to the volume and category of to the volume and category of investment by an investor, with a investment by an investor, with a particular view to promotion of particular view to promotion of labour intensive technologies;labour intensive technologies;


ODA MANAGEMENTIn order to effectively benefit from loans In order to effectively benefit from loans

and and

grants as a Country, the Government grants as a Country, the Government shall:shall:

Introduce legislation to allow the Introduce legislation to allow the National Assembly to ratify all loan National Assembly to ratify all loan agreements in order to promote agreements in order to promote transparency and accountability;transparency and accountability;

Apply grants to intended projects in the Apply grants to intended projects in the national interest;national interest;


ODA MANAGEMENT [Cont.]

In order to effectively benefit from loans In order to effectively benefit from loans and and

grants as a Country, the Government grants as a Country, the Government shall:shall:

Streamline the management of grants Streamline the management of grants at both the Ministry of Finance and at both the Ministry of Finance and beneficiary sector Ministries;beneficiary sector Ministries;

Meet its commitments promptly in the Meet its commitments promptly in the provision of counterpart funding for all provision of counterpart funding for all donor funded projects.donor funded projects.


INFRASTRUCTURE DEVELOPMENT

In order to effectively address In order to effectively address infrastructure infrastructure

development , the Government shall:development , the Government shall:

Rehabilitate and upgrade the existing Rehabilitate and upgrade the existing road network including feeder roads in road network including feeder roads in all districts to prescribed standards;all districts to prescribed standards;

Construct additional inter-provincial and Construct additional inter-provincial and inter-district roads to open up the inter-district roads to open up the country to facilitate accelerated country to facilitate accelerated development;development;


INFRASTRUCTURE DEVELOPMENT [Cont.]

Replace existing pontoons with Replace existing pontoons with bridges in order to promote social bridges in order to promote social and economic activities in districts;and economic activities in districts;

Establish road maintenance camps Establish road maintenance camps on major roads throughout the on major roads throughout the country;country;

Construct ring roads around major Construct ring roads around major cities to decongest the central cities to decongest the central business districts;business districts;



Promote employment creation Promote employment creation through the use of labour intensive through the use of labour intensive technologies and the use of local technologies and the use of local resources;resources;

Ensure the viability of existing Ensure the viability of existing railway lines, particularly ZR and railway lines, particularly ZR and Tazara, through monitoring and Tazara, through monitoring and negotiation with suitable negotiation with suitable management concessions and management concessions and partnerships.partnerships. Source: PF Manifesto


Construct or extend the rail Construct or extend the rail network to areas of economic network to areas of economic activities through public-private activities through public-private partnership;partnership;

Provide incentives to railway Provide incentives to railway operators in order to promote re-operators in order to promote re-investment in the existing railway investment in the existing railway infrastructure thereby encouraging infrastructure thereby encouraging the use of railway transport;the use of railway transport;



Promote public-private partnership Promote public-private partnership in the aviation industry;in the aviation industry;

Construct and upgrade airports and Construct and upgrade airports and airstrips in districts;airstrips in districts;

Rehabilitate and upgrade existing Rehabilitate and upgrade existing harbours and canals;harbours and canals;

Establish district works dept. to Establish district works dept. to manage maintenance of public manage maintenance of public infrastructure;infrastructure;



Review the telecommunications Review the telecommunications regulatory framework;regulatory framework;

Establish micro credit financing for Establish micro credit financing for small scale Zambian contractors, and small scale Zambian contractors, and to ensure that there are compensatory to ensure that there are compensatory measures in place to level the playing measures in place to level the playing field between foreign contractors, field between foreign contractors, especially those who are receiving especially those who are receiving financing and other subsidies from financing and other subsidies from their countries of origin;their countries of origin;



Review the curriculum in Trades Review the curriculum in Trades Colleges to provide skills relevant Colleges to provide skills relevant to infrastructure development;to infrastructure development;

Review the Road Development Review the Road Development Agency Act and the National Roads Agency Act and the National Roads Fund Agency Act in order to Fund Agency Act in order to achieve the above.achieve the above.


TOURISM DEVELOPMENT

Review the tourism industry policy Review the tourism industry policy so as to make investment in the so as to make investment in the sector attractive and profitable to sector attractive and profitable to both local and foreign investors;both local and foreign investors;

Ensure that growth in resource Ensure that growth in resource based tourism is environmentally based tourism is environmentally sustainable and should be sustainable and should be accessible to future generations;accessible to future generations;


TOURISM DEVELOPMENT [Cont.]

Repeal both the Zambia Wildlife Repeal both the Zambia Wildlife Act of 1998 and the Tourism Act Act of 1998 and the Tourism Act and introduce a regulatory regime and introduce a regulatory regime which fosters the development of which fosters the development of the industry;the industry;

Enhance the employment of Enhance the employment of “village scouts” to ensure rural “village scouts” to ensure rural employment opportunities and employment opportunities and incomes;incomes;



Reject relationships based on charity Reject relationships based on charity between tourism operators and between tourism operators and communities as a basis for revenue communities as a basis for revenue transfers at local level, providing in law transfers at local level, providing in law for rights and entitlements for for rights and entitlements for community revenue from all wildlife community revenue from all wildlife based tourism;based tourism;

Promote well targeted Government Promote well targeted Government investment in infrastructure investment in infrastructure development and hence open up new development and hence open up new tourist sites in the country;tourist sites in the country;



Establish collaborations with the Establish collaborations with the private sector to introduce economic private sector to introduce economic routes by road and air to viable tourist routes by road and air to viable tourist destinations;destinations;

Promote cultural and ethno-tourism in Promote cultural and ethno-tourism in all provinces in order to create job all provinces in order to create job opportunities in the rural areas;opportunities in the rural areas;

Collaborate with the private sector so Collaborate with the private sector so as to enhance the marketing of the as to enhance the marketing of the sector locally and internationally;sector locally and internationally;



Introduce regulations to address Introduce regulations to address the human-animal conflict in Game the human-animal conflict in Game Management Areas so as to protect Management Areas so as to protect wildlife and local communities;wildlife and local communities;

Establish a wildlife and tourism Establish a wildlife and tourism research and training institute to research and training institute to enhance local skills in the sector.enhance local skills in the sector.



Introduce regulations to address the Introduce regulations to address the human-animal conflict in Game human-animal conflict in Game Management Areas so as to protect Management Areas so as to protect wildlife and local communities;wildlife and local communities;

Introduce new legislation to protect Introduce new legislation to protect communities and citizens from unfair communities and citizens from unfair alienation of land in Game alienation of land in Game Management Areas, recognizing that Management Areas, recognizing that the provisions of the Lands Act of the provisions of the Lands Act of 1995 are inadequate to deal with.1995 are inadequate to deal with.


LAND DEVELOPMENT

Promote security of tenure for Promote security of tenure for customary land in the rural areas customary land in the rural areas by introducing land record cards to by introducing land record cards to define the rights of occupants;define the rights of occupants;

Prevent displacement of local Prevent displacement of local communities by the urban elite or communities by the urban elite or foreign investors in rural areas;foreign investors in rural areas;


LAND DEVELOPMENT [Cont.]

Eradicate inequalities amongst Eradicate inequalities amongst interested groups in gaining access to interested groups in gaining access to land in order to cater for the less land in order to cater for the less privileged in districts;privileged in districts;

Establish a Lands Audit Commission to Establish a Lands Audit Commission to undertake a land audit countrywide in undertake a land audit countrywide in order to plan for sustainable use of order to plan for sustainable use of land resources for agriculture, land resources for agriculture, residential, commercial and industrial residential, commercial and industrial development;development;



Promote good governance, Promote good governance, decentralization and transparency decentralization and transparency in land administration;in land administration;

Establish a Ground Rent Tribunal to Establish a Ground Rent Tribunal to prevent arbitrary review of annual prevent arbitrary review of annual ground rent by the Government ground rent by the Government and promote transparency in the and promote transparency in the review process;review process;



Regularize ownership of untitled Regularize ownership of untitled properties in towns and cities;properties in towns and cities;

Amend the Lands Act of 1995 in Amend the Lands Act of 1995 in order to achieve the above.order to achieve the above.


ENVIRONMENT & NATURAL RESOURCES

DEVELOPMENT Promote decentralization and local Promote decentralization and local community participation in community participation in collaboration with the private sector collaboration with the private sector to underpin sustainable management to underpin sustainable management of natural resources;of natural resources;

Amend and harmonies all pieces of Amend and harmonies all pieces of legislation governing environmental legislation governing environmental policy to reduce inter-sectoral policy to reduce inter-sectoral conflicts in environmental conflicts in environmental management;management;



DEVELOPMENT [Cont.] Improve the conservation and Improve the conservation and management of forest reserves;management of forest reserves;

Encourage public private Encourage public private partnerships in the management of partnerships in the management of watersheds on a sustainable basis;watersheds on a sustainable basis;

Domesticate international Domesticate international conventions on climate change;conventions on climate change;



DEVELOPMENT [Cont.] Control illegal hunting of wildlife by Control illegal hunting of wildlife by creating employment opportunities in creating employment opportunities in rural areas both to provide alternative rural areas both to provide alternative employment opportunities and by employment opportunities and by employing “poachers turned employing “poachers turned gamekeepers” in the form of village gamekeepers” in the form of village scouts;scouts;

Control deforestation through Control deforestation through sustainable agricultural methods by both sustainable agricultural methods by both commercial and small scale farmers;commercial and small scale farmers;



DEVELOPMENT [Cont.] Promote and invest in research to Promote and invest in research to develop alternative sources of develop alternative sources of energy for domestic use so as to energy for domestic use so as to control deforestation.control deforestation.


LABOR AND INDUSTRIAL RELATIONS

REFORMS Review the Employment Act so as Review the Employment Act so as to introduce clear legal provisions to introduce clear legal provisions that will govern casualisation of that will govern casualisation of labour and outsourcing of services;labour and outsourcing of services;

Review the Minimum Wages and Review the Minimum Wages and Conditions of Service Act;Conditions of Service Act;

Re-establish the labour department Re-establish the labour department to maintain a register of available to maintain a register of available skills in the country;skills in the country;



REFORMS [Cont.] Carry out a comprehensive review and Carry out a comprehensive review and amendment of current labour related amendment of current labour related legislation such as the Factories Act legislation such as the Factories Act which are now outdated;which are now outdated;

Rationalize the administration of the Rationalize the administration of the Ministry of Labour to effectively carry Ministry of Labour to effectively carry out its inspectorate functions so as to out its inspectorate functions so as to promote the welfare of workers in promote the welfare of workers in workplaces;workplaces;



REFORMS [Cont.] Domesticate and implement Domesticate and implement international labour standards that international labour standards that Zambia is a signatory to.Zambia is a signatory to.


ENERGY DEVELOPMENT

Accelerate and scale up public-Accelerate and scale up public-private partnership investment in private partnership investment in hydro power generation to raise hydro power generation to raise the installed capacity in order to the installed capacity in order to meet national demand and surplus meet national demand and surplus for export;for export;

Promote investment in alternative Promote investment in alternative energy sources such as thermo energy sources such as thermo electricity generation from coal electricity generation from coal and nuclear reactors;and nuclear reactors;


ENERGY DEVELOPMENT [Cont.]

Promote investment in the Promote investment in the development of renewable energy development of renewable energy sources such as solar, bio-fuels and sources such as solar, bio-fuels and wind;wind;

Accelerate the provision of Accelerate the provision of electricity to rural and peri-urban electricity to rural and peri-urban households at subsidized rates;households at subsidized rates;

Review the tax regime on Review the tax regime on petroleum products;petroleum products;



Promote the development and use Promote the development and use of other alternative fuels in of other alternative fuels in households such as liquid petroleum households such as liquid petroleum gas (LPG) and ethanol gel fuel so as gas (LPG) and ethanol gel fuel so as to reduce dependency on wood fuel;to reduce dependency on wood fuel;

Rehabilitate the petroleum refining Rehabilitate the petroleum refining and storage terminal infrastructure;and storage terminal infrastructure;

Rehabilitate and upgrade the Rehabilitate and upgrade the national strategic storage facilities;national strategic storage facilities;



Unbundle the public power utility Unbundle the public power utility company ZESCO into (i) company ZESCO into (i) Generation (ii) Transmission, Generation (ii) Transmission, Distribution and Customer Service Distribution and Customer Service to improve its efficiency;to improve its efficiency;

Promote private sector Promote private sector involvement in generation, involvement in generation, particularly using renewable particularly using renewable energy such as bio-fuel or small-energy such as bio-fuel or small-scale hydro;scale hydro;



Promote transparent procurement Promote transparent procurement of crude oil and petroleum of crude oil and petroleum products from such sources and on products from such sources and on such terms as are consistent with such terms as are consistent with the need to maintain steady and the need to maintain steady and reliable supplies, at minimum reliable supplies, at minimum landed cost;landed cost;

Rehabilitate and upgrade the Rehabilitate and upgrade the Tazama pipeline infrastructure;Tazama pipeline infrastructure;



Standardize the price of petroleum Standardize the price of petroleum products countrywide so as to products countrywide so as to remove distortions in the fuel cost;remove distortions in the fuel cost;

Promote exploration for oil, gas Promote exploration for oil, gas and uranium;and uranium;

Review the regulation of the Review the regulation of the energy sector.energy sector.


MINES AND MINERALS DEVELOPMENT

Review the mining policy Review the mining policy framework so as to bring about framework so as to bring about stability in the sector;stability in the sector;

Review the legislative framework Review the legislative framework in order to restore confidence in in order to restore confidence in the sector by mining investors;the sector by mining investors;

Establish micro credit financing for Establish micro credit financing for small scale mining;small scale mining;


MINES AND MINERALS DEVELOPMENT [Cont.]

Establish a centre for the marketing of Establish a centre for the marketing of minerals from small scale mines so as minerals from small scale mines so as to assist small scale miners realize to assist small scale miners realize value for their products;value for their products;

Promote investment in the exploitation Promote investment in the exploitation of other minerals other than copper;of other minerals other than copper;

Promote investment in value addition Promote investment in value addition industries in the mining sector by industries in the mining sector by providing incentives;providing incentives;



Provide incentives to encourage Provide incentives to encourage the adoption of environmentally the adoption of environmentally sustainable mining technologies sustainable mining technologies incorporating energy saving, incorporating energy saving, reduction of health hazards, reduction of health hazards, pollution control and safe disposal pollution control and safe disposal of waste;of waste;



Review the regulatory framework Review the regulatory framework for mining rights with a view to for mining rights with a view to extending the period of validity of extending the period of validity of mining permits;mining permits;

Promote ownership of large scale Promote ownership of large scale mines by indigenous Zambians.mines by indigenous Zambians.


COMMERCE, TRADE AND INDUSTRY DEVELOPMENT Establish a registry in all district Establish a registry in all district

councils to deal with the registration councils to deal with the registration of small scale business enterprises;of small scale business enterprises;

Establish micro credit financing for Establish micro credit financing for small scale enterprises;small scale enterprises;

Introduce legislation to provide for Introduce legislation to provide for preferential procurement from smallpreferential procurement from small

scale business enterprises who meet scale business enterprises who meet prescribed standards;prescribed standards;


COMMERCE, TRADE AND INDUSTRY DEVELOPMENT [Cont.] Reform the regulatory framework Reform the regulatory framework

so as to reduce the administrative so as to reduce the administrative burdens and compliance costs and burdens and compliance costs and the number of licences and the number of licences and permits;permits;

Promote the establishment of small Promote the establishment of small and medium scale enterprises and and medium scale enterprises and prescribe the supporting curricula prescribe the supporting curricula to enhance entrepreneurial skills;to enhance entrepreneurial skills;


COMMERCE, TRADE AND INDUSTRY DEVELOPMENT [Cont.] Extend the validity period of some of Extend the validity period of some of

the licences and permits;the licences and permits; Establish an Industrial Development Establish an Industrial Development

Commission to identify and initiate Commission to identify and initiate industries;industries;

Review the Zambia Development Review the Zambia Development Agency Act so as to provide uniform Agency Act so as to provide uniform incentives for both local and foreign incentives for both local and foreign investors and to promote trade for investors and to promote trade for small scale business enterprises;small scale business enterprises;


COMMERCE, TRADE AND INDUSTRY DEVELOPMENT [Cont.] Establish Special Economic Zones Establish Special Economic Zones

(SEZ) – industrial parks, logistics (SEZ) – industrial parks, logistics parks, industrial estates and parks, industrial estates and innovation hubs;innovation hubs;

Enhance the country’s Enhance the country’s participation in the regional participation in the regional economic integration initiatives;economic integration initiatives;

Promote labour intensive industries Promote labour intensive industries to create employment.to create employment.


COMMERCE, TRADE AND INDUSTRY DEVELOPMENT [Cont.] Review the Zambia Competition Review the Zambia Competition

and Consumer Protection and Consumer Protection Commission Act in order to protect Commission Act in order to protect consumer interests;consumer interests;

Enhance capacity of the Zambia Enhance capacity of the Zambia Bureau of Standards.Bureau of Standards.


SCIENCE AND TECHNOLOGY DEVELOPMENT

Give priority to the teaching of Give priority to the teaching of science subjects in educational science subjects in educational institutions at all levels;institutions at all levels;

Improve and expand facilities for Improve and expand facilities for teaching science and technical teaching science and technical subjects;subjects;

Create exclusively science and Create exclusively science and technical schools, colleges and technical schools, colleges and universities;universities;



[Cont.] Revamp the National Institute for Revamp the National Institute for Scientific and Industrial Research;Scientific and Industrial Research;

Enhance the budgetary allocation Enhance the budgetary allocation to scientific research institutions;to scientific research institutions;

Enhance capacity by expanding Enhance capacity by expanding training programmes for scientists;training programmes for scientists;

Promote collaboration between Promote collaboration between industry and research institutions;industry and research institutions;



[Cont.] Establish a national research Establish a national research centre to coordinate research centre to coordinate research activities;activities;

Introduce innovation awards in the Introduce innovation awards in the field of scientific and technological field of scientific and technological research;research;

Enact appropriate legislation so as Enact appropriate legislation so as to achieve the above.to achieve the above.


economic affairs extract from pf manifesto

Documents

pf manifesto

effective fiscal policy

fiscal policy cont

effective monetary policy

monetary policy cont

development planningto

trade industry development

fiscal policyto