Revenue leakages to be sealed in four weeks – Mutati

Government says it has set a target of four weeks in which it intends to eliminate what is now becoming ‘an industry’ taking advantage of systems in order to leak revenue, thereby depriving it of the much needed resources.

Technology and Science Minister Felix Mutati says government is resolved to seal all manner of revenue leakages through integration and having in place a common database of information in order to create solutions.

Speaking at Madison General Insurance Zambia Limited launch of a WhatsApp digital feature, Mr. Mutati says technology is a driver that will help government and the country as a whole to minimize revenue leakages.

He says in order for a digital Zambia to work properly, integration of common data is paramount, especially after realizing the gap and variance between insured motor vehicles against records at the Road Transport and Safety Agency RTSA.

He says there is need to have a digital Zambia that will have a common database whose information will then be used to create solutions.

Meanwhile, Madison General Insurance Company Zambia Limited Managing Director Chabala Lumbwe disclosed that the company registered a profit before tax of K25,820,271 for the year ending 31st December, 2021.

Mr. Lumbwe says the company also registered an impressive net premium income of K183,776,202.

And Mr Lumbwe says the company realized early in its operations the importance of investing in technology since 2009 and therefore, the launch of the MGen WhatsApp digital feature will allow clients have full access of services at their convenience using a smart phone.