Private Sector Development Association Chairperson Yusuf Dodia says Zambia’s failure to fully shift from a command to a private sector-led-economy since 1991, has continued to stifle the country’s growth.
Following a persistent fuel shortage in parts of the country, the petroleum transporters association of Zambia recently said government push for a private sector-led-economy has not yielded desired results, sentiments also echoed by sector players in energy and mining.
Mr. Dodia has attributed the identified gaps to Zambia’s insistence on a command economy mentality despite liberalizing the economy in 1991, hindering the country’s transition to a private sector-led economy.
He says while the private sector seems to be technically in the lead, government departments still exert significant control by imposing bans and restrictions that are characteristics of a command economy.
Mr. Dodia in an interview with Phoenix News suggests introspection and demands that Zambia fully transitions to a private sector-led economy, embracing the benefits of competition and innovation.
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