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The Private Sector Development Reform Programme (PSDRP) Print E-mail

The Private Sector Development Reform Programme (PSDRP) is a framework of the Government of the Republic of Zambia aimed at reducing the cost of doing business in the country and encouraging competitiveness in the private sector. PSDRP targets to fast track and accelerate private sector reforms in a number of key sectors which are expected to lead to an improved competitive business environment.

The initiative was launched in 2005 with the purpose of promoting investment in the private business sector. The cost of doing business in Zambia was too high, effecting foreign and domestic investment.

The PSD is collaboration between the Zambian government and the private sector, promoting quality of service and private investment by addressing numerous issues involving finances, infrastructure, and bureaucracy.

Some of the PSD initiatives recent successes include reducing the amount of time it takes to register a company, speeding up the border clearance time, and a large reduction in the number of licenses required to start and operate a business in Zambia. These are just the beginning of the PSD initiative's projects to bolster the private business sector in Zambia, transforming this country's promising resources into a worldwide market for quality goods and services.

Visit website: http://www.psdp.org.zm