The Investment Act, 1986 of Zambia

1986 ◽  
Vol 30 (2) ◽  
pp. 197-203
Author(s):  
Melvin L. M. Mbao

Twenty years ago Zambia was riding a wave of seemingly unstoppable prosperity. Income per capita was the highest amongst sub-Saharan African countries. The high copper prices on which Zambia's wealth was based enabled the government to pursue ambitious social welfare programmes. However since the second half of 1974 the bottom has fallen out of the copper market as a result of recession in most of the copper-consuming countries and technical advances in industry which have reduced the need for copper. In the decade since then Zambia's economy has deteriorated progressively as can be gleaned from these statistics: GDP per capita in constant (1970) prices declined by about 25 per cent, between 1974 and 1983; per capita incomes fell by 44 per cent, during 1974—85 period; the level of real imports in 1984 was only 40 per cent, of the average level in the early 1970s; scarcity of foreign exchange has reduced capacity utilisation to low levels (in the last quarter of 1985 it was estimated that the industrial sector was operating only at about 30 per cent, of capacity and in some individual companies the situation was so serious that some once-thriving factories had had to close down for lack of essential spares and raw materials) and the investment rate fell from 41 per cent, in 1975 to about 12 per cent, in 1984. The expenditure in the public sector for operation and maintenance is underfunded, resulting in marked deterioriation of standards in public services, especially health and education.

2019 ◽  
Vol 8 (2) ◽  
pp. 113-126
Author(s):  
Benny Prayudi ◽  
Ida Budiarty ◽  
Irma Febriana MK

One of the efforts in job creation is to carry out development in the industrial sector. The industrial sector is theoretically believed to be the leading sector in the economy. The growth and development of the industrial sector mean more extensive opportunities to absorb labor. More labor absorption occurs in urban areas compared to rural areas. The difficulty of finding employment, lack of expertise, and low levels of education are reasons some villagers work in the brick industry. This type of production is more common in rural areas, given that one of the industrial raw materials, clay, is more easily obtained in rural areas. This study was conducted to determine the effect of wage variables, capital prices, and output levels on employment in the brick industry in the Seputih District of Mataram. The data used is sourced from primary data. Primary data was obtained by distributing questionnaires to brick entrepreneurs in the Seputih District of Mataram, Central Lampung Regency. Estimation results show these variables partially or jointly affect the absorption of labor by 88.75 percent. The effect of working capital growth on the growth of the intake of workers shows the highest coefficient. Thus a government guarantee is needed to increase working capital in the brick management business if the government wants to increase employment expansion.


2021 ◽  
Vol 8 (1) ◽  
pp. 102-122
Author(s):  
Jamil Ddamulira Mujuzi

In South Africa, persons or companies convicted of fraud or corruption or companies whose directors have been convicted are debarred from participating in bidding for government tenders. Although it is easy to establish whether or not a natural person has been convicted of an offence, because a certificate can be obtained from the South African Police Service to that effect, it is the opposite with juristic persons. This issue came up in the case of Namasthethu Electrical (Pty) Ltd v City of Cape Town and Another in which the appellant company was awarded a government tender although the company and its former director had been convicted of fraud and corruption. The purpose of this article is to analyse this judgment and show the challenges that the government is faced with when dealing with companies that have been convicted of offences that bid for government tenders. Because South Africa is in the process of enacting public procurement legislation, the Public Procurement Bill was published for comment in early 2020. One of the issues addressed in the Bill relates to debarring bidders who have been convicted of some offences from bidding for government tenders. Based on the facts of this case and legislation from other African countries, the author suggests ways in which the provisions of the Bill could be strengthened to address this issue.


1974 ◽  
Vol 4 (1) ◽  
pp. 45-49
Author(s):  
Paul E. Jursa ◽  
James E. Winkates

Areas of the world classified as less than developed tend to have a relatively inflexible economic system dominated by an agricultural sector with low levels of productivity, a rudimentary industrial sector plagued by inefficient methods of production utilizing antiquated technologies, a semi-literate population with little chance of bettering itself because of sheer numbers and a rigid social system, a high level of unemployment or underemployment, and a limited infrastructure. All of these characteristics contribute to low real per capita income, difficulties in finding export markets, and an environment of economic stagnation. Modernization, which includes both economic development and social mobilization, is difficult to achieve.


2015 ◽  
Vol 7 (4) ◽  
pp. 30 ◽  
Author(s):  
Danjuma Maijama'a ◽  
Shamzaeffa Samsudin ◽  
Shazida jan Mohd Khan

<p>This study investigates the effects of the HIV and AIDS epidemic on economic growth in 42<br />sub-Saharan African countries using data spanning from 1990-2013. Unlike previous studies,<br />we use a longer data horizon and take the time lag effect of the epidemic’s incubation period<br />that is, after it might have developed to AIDS into consideration in our estimations. We<br />estimated an empirical growth equation within an augmented Solow model and applied the<br />dynamic system GMM estimator. The results suggest that current HIV prevalence rate –<br />associated with rising morbidity, has a negative effect on GDP per capita growth, conversely<br />AIDS – associated with higher mortality in addition to morbidity, increases per capita GDP<br />growth.</p>


2020 ◽  
Vol 46 (3) ◽  
pp. 360-371
Author(s):  
Abdullahi A. Adedotun ◽  
M.K.C. Sridhar ◽  
Akinwale O. Coker

Scope/Aim. Solid waste management in Ibadan Metropolis, the capital of Oyo State in Nigeria has been a serious concern to the government and the public for several years. The waste generated at the rate of about 0.51kg per capita per day from 11 Local Government Areas is transported to the existing four landfill sites and dumped indiscriminately. This study recorded various collection points using GPS, available collection bins, number of households using the facilities and identified the gap. Methods. The waste transportation routes used currently in respect of distance and travel time was assessed using a GIS analytical distribution and optimization mapping. Results. The results indicated that there is need for provision of 837 waste bins (5m3 capacities) to meet the demand gap. By following the optimized transportation routing, the waste management authorities can clear the waste 15 per cent more efficiently and save NGN 1.2 million (USD 3,335) on energy every year. Conclusions: The GIS analytical distribution and optimization mapping tool will help the city authorities in improving waste collection with significant saving in operational cost. It is replicable in other parts in African countries.


2016 ◽  
Vol 8 (1) ◽  
pp. 58 ◽  
Author(s):  
Taha Barakat AL-shawawreh

<p>This study aims to discern the role of nepotism and cronyism in the weakening of economic<br />performance of the government institutions through exposure to this practice in the three<br />Arab Countries; Iraq, Saudi Arabia, and Jordan, The study relied on the analysis of what was<br />stated in the related literature which illustrate the effect of using nepotism and Cronyism in<br />the employment process in a governmental position, to result in a slowdown and stumbled in<br />the delivery of government services to citizens. After analyzing how the practice of nepotism<br />and cronyism in the three countries, the study found the following results:<br /> Nepotism and cronyism are practiced not only in developing countries, but also in<br />advanced countries.<br /> Using nepotism and cronyism in employment process is unethical behavior.<br /> The use of nepotism and cronyism in the public sector is much more than private sector.<br /> Nepotism and cronyism can be considered as a part of the national culture in Arab<br />countries.<br /> Nepotism and cronyism have negative economic repercussions, both at the level of the<br />national economy, or the per capita income level. Because the salaries paid to staff<br />recruited through them considered as a burden on the state treasury. Also, the large<br />number of times to visit the citizen government department, to get the same service, lead<br />to the loss of his income as a transition expenses.<br /> Nepotism and cronyism are from reasons of administrative corruption in the studied<br />countries.</p>


Author(s):  
Rusmawati Said ◽  
Abdullahi Sani Morai

The historically lower level of public health expenditure of sub-Saharan African (SSA) countries could be partly explained by the mounting debt burden of this region. This consumes a sizable proportion of their domestic resources to debt servicing and potentially decreases their overall budgetary allocations to various sectors in the economy and health expenditure in particular. Using the Generalized Method of Moments (GMM) approach on a sample of 43 sub-Saharan African countries, we examined the relationship between the public debt burden and health expenditure highlighting the role of institutional quality for the period 2000 – 2014. The empirical result confirms that the relationship between public debt burden and health expenditure in sub-Saharan Africa is negative. Interestingly, however, the marginal effect of the relationship between the public debt burden and health expenditure has shown that such a negative relationship turns out to be positive when the quality of the institutions is at maximum. This suggests that the relationship between the public debt burden and health expenditure in sub-Saharan Africa is a function of institutional quality.  Therefore, to minimize the negative impact of public debt on health expenditure in sub-Saharan Africa, governments should take determine stand to minimize its debt accumulation and intensify efforts toward the improvement of institutional quality in the region comprehensively.


2021 ◽  
Vol 16 (1) ◽  
pp. 64-84
Author(s):  
Lamia Jamel ◽  
◽  
Abdelkader Derbali ◽  
Ali Lamouchi ◽  
Ahmed Elnagar ◽  
...  

The aim of this study is to highlight the key competitiveness elements that promote trade flows between the BRICS countries of Brazil, Russia, India, China and South Africa and those in Sub-Saharan Africa. To do so, we employ the econometrics of panel data during the period of study from 1995 to 2018. We apply the Blundell and Bond GMM estimator [1998] and we utilize Sargan’s [1958] over-identification test to confirm the validity of delayed variables in level and difference as instruments used in our estimations. The empirical findings of our study show that trade policy actions, high natural resource allocation and the evolution of gross domestic product (GDP) per capita of the participating countries promote this trade openness between BRICS and Sub-Saharan Africa economies. Additionally, African countries need to develop their industrial sector to export more high-value manufactured products.


2020 ◽  
Vol 64 (4) ◽  
pp. 459-473
Author(s):  
Adeyemi Babasanya ◽  
◽  
Olukayode Maku ◽  
Joseph Amaefule ◽  
◽  
...  

The study evaluated the role of sectoral labour force and the national savings on the manufacturing sector output in Nigeria from 1985 to 2019, a period of 35years. Data was sourced from Central Bank Of Nigeria (CBN) statistical bulletin various issues up until 2017, National Bureau of Statistics (NBS), and World Development Index (WDI). Data were analyzed using Vector Error Correction Model (VECM). The VECM result revealed that national savings and labour force have long run positive effect on the manufacturing sector output, while exchange rate and inflation have long-run negative effect on the manufacturing sector output. It could be deduced from this study that national savings, labour force in the industrial sector, inflation and exchange rate are very critical factors that determine the growth and survival of the manufacturing sector. Hence, it was recommended that the government look critically to the manufacturing sector and revamp the sector by making credit facility to the sector, and increase the use of domestic raw materials.


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