A UNIVERSITY professor has called for indigenisation of the Citizens Economic Empowerment Commission (CEEC) to promote growth of local enterprises in the country.
Copperbelt University (CBU) chancellor Muyunda Mwanalushi said in Lusaka at the weekend that to encourage local enterprise development in the country, there was need to indigenise the CEEC.
Professor Mwanalushi observed that the empowerment fund in its current form did not encourage local enterprise development becauser it was not specific.
"Creating market linkages will help the Government broaden the tax base that is the reason why I always advocate indigenisation of the empowerment of enterprises while looking for Foreign Direct Investment," he said.
And the Zambia Association of Manufacturers (ZAM) executive director Maybin Nsupila said the Citizens Economic Empowerment Commission Act only talks about the ownership of the company in terms of registration which gives further room for foreign enterprises registered in Zambia.
Mr Nsupila observed that CEEC did not consider whether the company imported all the products or looked into origins of the products which he said, was not helping the local manufacturing industry to grow.
"There is need for the CEEC to encourage growth of the local manufacturing industry by strictly funding local manufacturers rather than those involved in the importation of goods," he said.
Mr Nsupila also said the industry was facing many challenges among them, the cost of doing business, technology upgrade, market linkages and skills development.
He said to solve the challenges of production linkages, ZAM was working with the Chamber of Mines of Zambia to integrate local manufacturers into the mines supply chain.
"We are pursuing some of the soft measures such as linking local manufacturers in the country, so that they are able to supply to the mines to stimulate future growth of the sector," he said.