CABINET has agreed to zero rate VAT on the importation of selected equipment and machinery used in the development and establishment of electricity generation to cushion the impact of drought. Cabinet has also approved 11 members of the Food Reserve Agency Board after the previous board was dissolved in October, 2023. In a statement, Saturday, Chief Government Spokesperson Cornelius Mweetwa said Cabinet expected the tax measures to catalyse investments and stimulate economic activities in the energy and agriculture sectors once implemented. “Cabinet, as a way to address the challenges arising from the effects of the drought, which also includes the energy power crisis the country is facing, approved some tax measures that could cushion against the impact of the drought....