Market Update: Zambia is not ready for a 24-hour economy – IRMZA – Zambia: News Diggers! – Full Analysis

THE Institute of Risk Management Zambia (IRMZA) says the country is not ready for a 24-hour economy. The Institute has pointed out that energy instability, limited night-time transport, and inadequate street lighting, CCTV and surveillance systems would undermine the feasibility of continuous operations. In a statement, Monday, IRMZA Executive Director Francis Ziba said such a policy shift demanded a more cautious, evidence-based and phased approach. Ziba further questioned whether the country had undertaken a comprehensive national risk assessment to support the transition to such an economy. “The recent pronouncement by Cabinet to authorise a 24-hour economy across business houses, markets, and bus stations is, without doubt, a bold and ambitious policy direction. It reflects a desire to unlock economic growth,…