The opposition Golden Party of Zambia (GPZ) has noted that doing business in the New Dawn Government is increasingly becoming hard for local small, medium businesses and entrepreneurs.
GPZ President Jackson Silavwe tells Byta FM News in a statement that demand for goods and services has drastically reduced.
Silavwe discloses that small and medium businesses represent 97% of all businesses in Zambia accounting for 70% of Gross Domestic Product (GDP) and employing more than 80% of the working population in the Country.
He further reveals that mines and big foreign businesses represent 3% of all businesses in the Country.
Silavwe states that Zambia’s local market money circulation is refueled by four major categories, being: local suppliers, local farmers, salaries for public and private and retirees.
He emphasizes that all these 4 categories keep their money within the country and service the local economy.
Silavwe says the New Dawn Government has not paid the local suppliers and with the challenges in the distribution of farming inputs to farmers, agriculture production at household level (Micro) will be reduced in the 2022/23 farming season.
The opposition leader has urged the president Amidst IMF prescribed conditions to quickly pay local suppliers and retirees. This is contained in a report published by Byta FM.