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Zambia Urges More Investment, Tightens ICT Policies

Zambia Urges More Investment, Tightens ICT Policies

Written by Michael Malakata | From IT Web Africa

The Zambia Development Agency (ZDA) has signed a Memorandum of Understanding (MoU) with the Zambia Information and Communication Technology Authority (ZICTA) to review existing policies and drive more investment into the country’s telecommunications sector.

ZDA wants ZICTA to help it develop policies and regulations that will make it easier to secure regional and international investment.

Proposed changes include tax holidays for potential investors for an agreed period of time and a review of the procedure involved in acquiring investment licenses. Both organisations have described the procedure as “tiresome” and believe it is putting investors off.

ZICTA is expected to play a key role in helping the Agency identify priorities for investors and tailor policies accordingly.

Read more at IT Web Africa