The Minister of Finance and Public Enterprises, Iipumbi Shiimi, engaged key industry players in the financial sector to discuss the implications of the recently tabled national budget. 

The focus of the discussion was on unlocking opportunities and creating an environment conducive for businesses to flourish.

One of the key highlights of the budget includes the allocation of funds towards essential public goods such as infrastructure, electricity, and roads.

This strategic allocation aims to enhance the competitiveness of the business environment by reducing restrictions and lowering the cost of doing business, positioning the country as a global industry player.

The finance minister stressed that the budget emphasises collaboration with water and electricity providers to ensure seamless business operations without hindrances. 

The former Standard Bank CEO, Vetumbuavi Mungunda, echoed sentiments about the country's economic growth not translating into improved livelihoods for its residents. 

Mungunda attributed this discrepancy to the lack of mobilisation in key sectors driving the economy.

He stressed the importance of directing more attention and resources towards sectors like agriculture and small and medium enterprises (SMEs) in the budget allocation to foster inclusive growth and uplift the standard of living for the populace. This move is seen as crucial in ensuring. that economic prosperity trickles down to all levels of society, ultimately leading to a more equitable and sustainable economic landscape.

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Market Watch