COMING OF ONLINE GEMSTONE PRODUCTION REPORTING AND EXPORT PERMIT MODULE GOOD FOR ZAMBIA

Economist Emmanuel Zulu is hopeful that the just launched online gemstone production reporting and export permit module will increase Zambia’s revenue and boost forex earnings.

The Ministry of Mines and the Zambia Revenue Authority-ZRA- have launched an online gemstone production reporting and export permit module, a digital platform that will streamline gemstone production return filing and simplify permit applications in the sector.

In an interview with Phoenix News, Mr. Zulu notes that Zambia is one of the gemstone rich countries but not much has been realized from the sector due to the absence of proper revenue and tracking framework

He says the digital platform is timely as it will help to review realistic declarations and output levels especially that currently, the country is struggling to capture the actual volumes of gemstones that are exported and auctioned outside Zambia.