electricity
electricity

The World Bank on Monday urged authorities in Zambia to address pressing electricity challenges in order for the country to improve its position on the Ease of Doing Business ranking.

Visiting World Bank Director for Global Indicator Group Rita Ramalho said the government should deal with the electricity challenges because it is crucial in the smooth operations of businesses.

Speaking during a press briefing after holding a meeting with Ministry of Commerce, Trade and Industry Permanent Secretary Kayula Siame, the World Bank official said power outages affect the growth of the private sector.

Ramalho urged the government to address challenges faced by businesses to conduct trade along the borders, adding that the government needed to continue creating an environment conducive for the growth of the private sector.

On her part, the permanent secretary said the government was committed to implementing reforms that will allow the private sector to participate in the growth of the economy.

The World Bank official is in Zambia to discuss with authorities on the country’s performance and on how to push further improvements on the ease of doing business in the short and medium term.

Zambia is ranked fifth among the top 10 economies in Africa showing the most notable improvement in doing business for 2018, and ranks 85th on the ease of doing business, compared to 98th in last year’s report.

According to the World Bank’s Doing Business Report released last month, Zambia is among sub-Saharan African countries with good improvements in reforms aimed at improving business environments in the past year. Enditem

Source: Xinhua/NewsGhana.com.gh

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