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In 2017, the Zambia National Broadcasting Corporation (ZNBC) and StarTimes launched TopStar Communication Company Limited, a public signal distributor and Zambia's official digital migration agent, as a joint-venture. [11] In June 2018, StarTimes launched ON, a video streaming service (OTT) giving access to dozens of channels in Africa. [12]
Between April 2019 and April 2020 Zambia' s Annual inflation rate rose to 15.7% from 14% in March 2020. The rise of prices in food and other non- food items led to the increase in the Annual inflation rate. [303] However, it is significant that inflation often peaks in election years, hitting a recent high of 17.9% in 2016.
Payments made to non-residents are also subject to withholding tax at 20 percent in all cases except where there is a double taxation agreement in effect Zambia also charges Indirect taxes: Import Duty, Excise Duty and VAT (Value Added Tax). VAT rate is at 16%, with some items being exempted or zero-rated. [9]
The National Technology Business Centre (NTBC) is a Zambia government agency that supports the commercialization and transfer of technology. NTBC's primary objective is to link developed and proven technologies from various local and international sources with local technology seekers, i.e. business community and entrepreneurs, for the creation of wealth and employment.
Absa Bank Zambia Ltd, part of Absa Group; Access Bank Zambia Ltd, part of Access Bank Group; Bank of China (Zambia) Ltd (BOC), part of Bank of China Group; Citibank Zambia Ltd, part of Citigroup; Ecobank Zambia Ltd, part of Ecobank Group; First Alliance Bank Zambia Ltd (FAB) First Capital Bank Zambia Ltd (FCB), part of First Capital Bank Group
The Governor is the head of the Bank of Zambia. As of August 2022, the Governor serves a six-year term, which will be renewable for further term of six years, after being nominated by the President of Zambia and confirmed by the National Assembly of Zambia following a new legislation – Bank of Zambia (BOZ) Act No. 5 of 2022. [ 14 ]
As Social Security faces a looming solvency challenge, one proposal would boost its fortunes by making all wages over $400,000 subject to the payroll tax.
Location of Zambia. The Republic of Zambia is a landlocked country in Southern Africa, [1] neighbouring the Democratic Republic of the Congo to the north, Tanzania to the north-east, Malawi to the east, Mozambique, Zimbabwe, Botswana and Namibia to the south, and Angola to the west. The capital city is Lusaka, in the south