ENERGY Minister Peter Kapala says the Zambezi River Authority raises about $1.2 million annually from the tariffs it charges to Zesco and Kariba South Bank. Speaking in Parliament, Tuesday, Kapala said the Authority was exempted from paying taxes on its profits as promulgated in the Zambezi River Authority (Amendment) Act No 12 of 2001. “I have indicated that this company raises about $1.2 million annually from the tariffs that they charge to Zesco and Kariba South Bank. This money is used for building schools, water supply and other social amenities to the community. As you may be aware, the Authority was established as a corporate body in 1987 by the two Parliaments of Zambia and Zimbabwe with the primary function…...

To continue reading this premium content, login to your account or Subscribe to our ePaper using the buttons below.
Log In Subscribe