the private sector in zambia is estimated to have saved about $47 million from cost compliance savings owing to business reforms that government is implementing through the private sector development reform programme.
private sector development reform programme officer mushuma mulenga says almost 200 of the targeted business licences were reformed.
mr. mulenga the reform programme which government embarked on since 2009 has made zambia to be among the top reformers in the ease of doing business survey ranking that was conducted last year, 2011.
he however has disclosed that the country slide back in its rating for the ease of doing business in 2012 from number 80 in 2011 to number 84 in 2012 out of over 183 countries in africa.
mr mulenga has further stated that business registration is now possible within 24 hours which he said will help propel economic development through enhanced productivity more especially with the creation of one stop shop in lusaka and livingstone.
he says other one stop shops which are still under assessment were entrepreneurs can go register their businesses easily within 24hours are mansa, solwezi, kitwe and kasama.
under the one stop shop over 800 businesses have so far been registered since the initiative began in 2009.
mr. mulenga disclosed the development during a media training workshop for business reporters organised by psdrp and the world bank group at the mulungushi international conference centre in lusaka recenty.