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Citizens Economic Empowerment Act, 2006 (No. 9 of 2006).

Country/Territory
Zambia
Document type
Legislation
Date
2006
Source
FAO, FAOLEX
Original source
Supplement to the Republic of Zambia Government Gazette of 19 May 2006.
Long title
An Act to establish the Citizens Economic Empowerment Commission and to define its functions and powers; establish the Citizens Economic Empowerment Fund; promote the economic empowerment of targeted citizens, citizen empowered companies, citizen influenced companies and citizen owned companies; promote gender-equality in accessing, owning, managing, controlling and exploiting economic resources; encourage an increase in broad-based and effective ownership and meaningful participation of targeted citizens, citizen empowered companies, citizen influenced companies and citizen owned companies in the economy in order to contribute to sustainable economic growth; remove social customs, statutory provisions or other practices that limit access to any particular gender to skills training that is essential for effective participation in the economic sector; promote the employment of both gender by removing structural and discriminatory constraints that hinder any particular gender from employment opportunities and in so doing ensure equitable income distribution; promote equal opportunity of targeted citizens and citizen empowered companies, citizen influenced companies and citizen owned companies in accessing and being awarded procurement contracts and other services from State institutions; promote Greenfield investment through joint ventures and partnerships between local and foreign investors in order to enhance broad-based economic empowerment; and provide for matters incidental to or connected to the foregoing.
Subject
Agricultural & rural development
Keyword
Agricultural development Institution Equity Gender Cooperative/producer organization Special fund
Geographical area
Africa, Eastern Africa, Landlocked Developing Nations, Least Developed Countries
Abstract

This Act concerns an integrated broad-based and multi-faceted strategy aimed at substantially increasing meaningful participation of targeted citizens, citizen empowered companies, citizen influenced companies and citizen owned companies in the economy and the decrease income inequalities. It establishes the Economic Empowerment Commission and the Citizen's Economic Empowerment Fund and defines economic empowerment measures. "Targeted citizens" means citizens who are or have been marginalized or disadvantaged and whose access to economic resources and development capacity has been constrained due to various factors including race, sex, educational background, status and disability.

Full text
English
Website
www.zambialii.org

References - Legislation

Implemented by

Citizens Economic Empowerment (Reservation Scheme) Regulations, 2017 (S.I. No. 1 of 2017).

Legislation | Zambia | 2017

Keyword: Agricultural development, Equity, Poultry, Birds, Internal trade

Source: FAO, FAOLEX