Q FM Africa's Modern Radio
The Centre for Trade Policy and Development -CTPD has called on the government to undertake the structural review and possible reformation of the mineral resources development policy of 2013 in light of the recent developments in the sector.
CTPD, senior researcher for extractives, Webby Banda says it is also important that the review aligns with the SADC protocol on mining and the Africa mining vision.
Mr. Banda says it is disappointing that the policy does not lay out the guiding principles for a desirable fiscal regime for Zambia.
He notes that the policy instead opt for a broad strategy statement about maintaining a stable and internationally competitive fiscal regime that accounts for the industry’s volatility and benefits Zambians.
He says as the government makes reforms to the mines and minerals development act no.11 of 2015, it must align the mineral policy framework to the new provisions of the proposed Act which is undergoing drafting.