Dr. Situmbeko Musokotwane finally does something brilliant on Export Proceeds Tracking Framework (EPTF)
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By Nkonkomalimba Kapumpe Before one exports they must have a Tax identification number connected to Zambia Revenue Authority (ZRA). ZRA then connects to Bank of Zambia (BoZ) to make sure all exports invoices are paid into a Zambian account. This is a brilliant idea and is an animal called Export Proceeds Tracking Framework (EPTF). So, if First Quantum Minerals (FQM) sales US$2 billion that money has to pass through a Zambian Bank account. They are then free to do whatever they wish, even sending funds to other countries. What this means in principle is that the dollar will always be...