Monitoring Revenues

From Zambian Economist Fri Nov 23 2012, 13:55:00

GRZ is pressing ahead with the proposal in the 2013 Budget to make it mandatory for ministries, provinces, spending agencies and revenue collecting statutory bodies to deposit all collections in form of fees and fines directly to the treasury from January 2013. All institutions would deposit money through revenue transit accounts at commercial banks. Commercial banks have already signed service legal agreements that would compel them to remit funds to the Bank of Zambia within 24 hours.

An interesting development alongside this is that GRZ is already rolling out a pilot that will allow people to pay fees for passports and other citizenship fees through Indo-Zambia Bank. This is intended minimise human contact with cash especially in areas where banking services are available. The pilot is would focus on Lusaka, Livingstone, Chipata, Kabwe and Ndola with view other provincial centres to follow.

Both initiatives are certainly long overdue. Particularly the Indo-Zambia pilot. The only problem there is how this is rolled out across critical areas like police fines, etc. It is there where corruption is rife. And then difficult questions follow : how was Indo-Zambia was selected? Was this through competitive bidding? Related to that, how much is Indo-Zambia making from the process? Is the public now going to pay more for these processes? Who pays? These questions are important especially if the idea is rolled out more widely.

[view whole blog post ]
 See More    |     Report Abuse


You might also be interested in the following news stories:

South Africa:   Zulu King Not Guilty of Promoting Hatred - Rights Commission (news)
News24Wire
30 September 2016

The SA Human Rights Commission (SAHRC) on Friday said it did not believe that King Goodwill Zwelithini was guilty of promoting or propagating hatred against migrants on March 15, 2015, during a speech ... [read more]

Kenya:   Geothermal Development's Turn to Profit Tilts Energy Mix (news)
The Nation
30 September 2016

The Geothermal Development Company (GDC) broke the loss making streak to post Sh1.6 billion net profit in the full year ending June 2015 after inking a deal to sell steam from its Olkaria wells to the ... [read more]

Nigeria:   Unicef - 400,000 Children Under-Five Threatened By Severe Malnutrition (news)
This Day
30 September 2016

The United Nations International Children's Education Fund (UNICEF) has raised an alarm that an estimated 400,000 children under five of age will suffer from acute malnutrition in North-eastern ... [read more]



blogAfrica is allAfrica.com's platform to help you keep an ear on the African blogosphere. We draw diverse voices from around the world who post regularly and insightfully about African issues. Bloggers, submit your blog's rss-feed!