04 November 2024

Zambia has attracted $58 million investment in digital infrastructure following the removal of tax on importation of digital infrastructure since 2021.

According to Technology and Science Minister Hon. Felix Mutati, the investment has helped the country connect itself to all its eight neighbours through fibre optic technology. Since the removal of tax on importation of digital equipment, the country has attracted a lot of investment by the private sector.

Mutati reported that tax on digital equipment was scaring investors and forcing them to hold their investment. He said that government realized that for investment to enter the country, there was need for tax incentives. As such, the government is promoting incentives, innovation and investment in order to promote more private sector involvement in the economy.