02 October 2024
Zambia has attracted $58 million investment in digital Infrastructure following the removal of tax on importation of digital infrastructure since 2021.
Technology and Science Minister Hon. Felix Mutati says the investment has helped the country connect itself to all it’s eight neighbors through fibre optic technology.
Mr. Mutati says since the removal of tax on importation of digital equipment, the country has attracted alot of investment by the private sector.
Speaking on a Ministerial Panel discussion at the 2024 Digital Government Africa Summit which has opened in Chongwe District this morning, Mr. Mutati said tax on digital equipment was scaring investors and forcing them to hold their investment.
He said government realized that for investment to enter the country, there was need for tax incentives.
Mr. Mutati said government is promoting incentives, innovation and investment in order to promote more private sector involvement in the economy.
Others on the panel included Burundian Minister of Communications, ICT and Technology Leocadie Ndacayisaba, Somalia Minister of Communications and Technology Mohammed Ali, South African Deputy Minister of Communications and Digital Technologies Mondli Gungubele and the Executive Governor of Zamfara State in Nigeria Dauda Lawal.
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