06 May

The Citizens Economic Empowerment (Transportation of Heavy and Bulk Commodities By Road) (Reservation) Regulations, SI No. 35 of 2021

Posted by Admin

Author: Jackie Jhala, Mwila Balungu
Date: 06 May 2021

The President of the Republic of Zambia, His Excellency Dr. Edgar Chagwa Lungu, signed the Citizens Economic Empowerment (Transportation of Heavy and Bulk Commodities by Road) (Reservation) Regulations, Si No. 35 of 2021 (the “Reservation Regulations”) on 30 April 2021, pursuant to section 21 of the Citizens Economic Empowerment Act No. 9 of 2006 (the “CEEA”).

Section 21 of the CEEA empowers the President, via Statutory Instrument, to reserve specific areas of commerce, trade, and industry for targeted citizens, citizen empowered companies, citizen influenced companies and citizen owned companies. The Reservation Regulations came into force on 4 May 2021, being the date of publication in the Gazette.