The recent announcement by the Patents and Companies Registration Agency (PACRA) regarding the potential deregistration of 300,000 companies for failing to comply with regulations and submit returns for two consecutive years has sparked significant concern. Development Expert Dr. Charity Musamba highlights a troubling trend of low compliance across various sectors, suggesting that Zambia is grappling with one of the lowest levels of adherence to constitutional regulations. Dr. Musamba pointed out that the lack of compliance is symptomatic of deeper issues within the country’s operating environment. “The compliance levels are alarmingly low, which reflects poorly on our adherence to established regulations,”...
This content is only available for active subscribers. Subscribe now to get full access.
