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Boosting mineral revenues in Zambia: Policy options for a sustainable fiscal regime

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  • Andrew Mwaba
  • Steve Kayizzi-Mugerwa

Abstract

Zambia has changed its mineral tax regime repeatedly during the past decades in a bid to raise mineral revenue, but with only modest success. This paper looks at what the country needs to do to create a mining fiscal regime that could sustain operations, boost output, and raise revenues without eroding investment and profitability in the mines. The paper argues that enhancing local ownership of the mines will help assuage resource nationalism while stabilizing the business environment overall.

Suggested Citation

  • Andrew Mwaba & Steve Kayizzi-Mugerwa, 2021. "Boosting mineral revenues in Zambia: Policy options for a sustainable fiscal regime," WIDER Working Paper Series wp-2021-178, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:wp-2021-178
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    File URL: https://www.wider.unu.edu/sites/default/files/Publications/Working-paper/PDF/wp2021-178-boosting-mineral-revenues-Zambia-policy-options-sustainable-fiscal-regime.pdf
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    References listed on IDEAS

    as
    1. Steve Kayizzi-Mugerwa, 2020. "Uganda's nascent oil sector: Revenue generation, investor-stakeholder alignment, and public policy," WIDER Working Paper Series wp-2020-175, World Institute for Development Economic Research (UNU-WIDER).
    2. Ndikumana, Léonce & Sarr, Mare, 2019. "Capital flight, foreign direct investment and natural resources in Africa," Resources Policy, Elsevier, vol. 63(C), pages 1-1.
    3. Leonce Ndikumana & Mare Sarr, 2019. "Capital Flight, Foreign Direct Investment and Natural Resources in Africa," UMASS Amherst Economics Working Papers 2019-12, University of Massachusetts Amherst, Department of Economics.
    4. Christopher Adam & Anthony M Simpasa, 2010. "Harnessing Resource Revenues for Prosperity in Zambia," OxCarre Working Papers 036, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
    5. Matshediso, I.B., 2005. "A review of mineral development and investment policies of Botswana," Resources Policy, Elsevier, vol. 30(3), pages 203-207, September.
    6. Benjamin Jones, 2020. "The electric vehicle revolution: Economic and policy implications for natural resource exporters in developing countries," WIDER Working Paper Series wp-2020-158, World Institute for Development Economic Research (UNU-WIDER).
    7. World Bank, 2016. "Zambia Mining Investment and Governance Review," World Bank Publications - Reports 24317, The World Bank Group.
    8. Adam, Christopher & Collier, Paul & Gondwe, Michael (ed.), 2014. "Zambia: Building Prosperity from Resource Wealth," OUP Catalogue, Oxford University Press, number 9780199660605.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Fiscal regime; Investment; Mineral tax; Transfer pricing; low-carbon future; Mining taxation;
    All these keywords.

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