PACRA records 27, 000 businesses in 2013

This group has also been able with the saved money to have a small business

The Patents and Companies Registration Agency (PACRA) has at the end of the third quarter registered over 27,000 businesses across the country in 2013 and de-registered 1,400 limited companies.

PACRA Chief Executive officer Anthony Bwembya in a statement issued to QFM News says the bulk of the registrations are in the Micro, Small and Medium Enterprises category.

Mr Bwembya says the increase in the number of registrations from 2012’s 24,000 companies can be attributed to the performance of the economy and entrepreneurs desire to take advantage of economic opportunities.

She says most of the registered businesses are in tourism, construction, agriculture and mining sectors.
She adds that to capture the entrepreneurs emerging in these sectors, PACRA has decentralized its services by opening regional offices in eight provincial centres.

Mr Bwembya says PACRA intends to decentralize its services even further in 2014 so that more businesses are formalized throughout the country.

He further states that the agency further intends to go online in its offer of services as business registration and filing of annual returns.

He adds that the Agency is also working on several other initiatives that will help the process of registering businesses in Zambia and compliance with post registration requirements.