One of five generators of the 750 MW Kafue Gorge Lower (KGL) power project has recently been commissioned. KGL is the final piece in the impressive 1860 MW Kafue River Hydro Power cascading generation complex, which has arguably become Zambia’s largest and most important source of electricity.
If the controversial sections of Zambia’s Sales Tax Bill are not removed to adopt an orthodox sales tax regime complying with the known principles of a modern tax system, it will be in the public interest to continue with the current value-added tax (VAT) regime with variations that address government’s concerns with the current law.
It has long been established that good corporate governance ensures the efficient use of resources, protects minority shareholders, leads to better decision making and improves relationships with creditors, employees and other stakeholders.
The Zambian electricity sector (“ES”) is a key driver for economic growth as it facilitates activities in all sectors of the economy. It is therefore key that the supply of electricity should match the demands of the industry to sustain economic growth, raise living standards and reduce poverty.
October is Breast Cancer Awareness Month, a time to reflect on the special women in our lives who died too soon, many leaving behind devastated families. As the month draws to a close, many questions remain concerning this disease.