THE Bankers Association of Zambia (BAZ) says the Export Proceeds Tracking Framework will help government to have accurate information in regards to tax policy formulation and ensure export visibility. In a recent gazette notice, the Bank of Zambia guided that exporters should open and maintain a bank account with a bank or financial institution domiciled in Zambia. In an interview, Thursday, BAZ Chief Executive Officer Leonard Mwanza said the framework would provide government with more accurate data to develop policies and target interventions to grow specific sectors. “With the Export Tracking Framework which has commenced this month, banks are very much fully aligned. We did the testing; we worked with the Central Bank to iron out some of the issues....

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