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CA Zambia Launch – Guest of Honor’s Speech

CA Zambia Launch - Guest of Honor's Speech

SPEECH BY THE HON MINISTER OF FINANCE, MR FELIX C. MUTATI MP AT THE OFFICIAL LAUNCH OF THE CA ZAMBIA AND DIPLOMA IN ACCOUNTANCY, HELD AT THE RADISSON BLU HOTEL ON THURSDAY, 10TH AUGUST 2017

The Minster of Commerce, Trade and Industry, Hon Margaret Mwanakatwe,
MP;
The PAFA President, Mr Jacobus De Toit;
The President of the Zambia Institute of Chartered Accountants (ZICA), Mr
Jason S. Kazilimani;
The Representative of the World Bank, Mr Gurazada Srinivas Senior Financial
Management Specialist and Governance Team Leader;
All Cooperating Partners present;
Accountant General for the Republic of Zambia, Dr Dick Chella Sichembe;
The Vice President, Mrs Cecilia Zimba;
All Past ZICA Presidents Present;
Council Members and Immediate Past Council Members of ZICA Present;
Chief Executive Officer, Management and Staff of ZICA;
Distinguished Invited Guests;
Members of the Press;
Ladies and Gentlemen;

I am happy to have been invited to grace this very important occasion for the launch of the CA Zambia and Diploma in Accountancy Programmes. This is an important occasion for me because the qualifications we shall be launching today have a special place in my heart. Having graduated as an accountant some years back, I have great respect to the value that the accountancy profession contributes in the development of a country especially in the area of accountability and transparency. It is also important because it confirms the responsiveness of ZICA to the demands of the Public Sector and industry.

Mr President, Ladies and Gentlemen, As you may all be aware that the President of the Republic of Zambia, His Excellency Mr Edgar Chagwa Lungu, recently launched the 7th National Development Plan which aims at attaining the long-term objectives as outlined in the Vision 2030 of “becoming a prosperous middle-income country by 2030”. In order to achieve this vision, the 7th National Development Plan 2 targets at transforming Zambia into a diversified and resilient economy, able to
absorb natural and economic shocks. The realisation of this goal will be achieved through the contribution of a number of developmental outcomes, which among others includes enhanced human development. It is for this reason that the government of the Republic of Zambia is extremely
keen on developing human resource capacity in all professional areas. This is so because skills development and human resource capacity building is key to keeping the economy of any country on a growth trajectory. Capital, natural resources, as well as other productive resources remain inactive in nature until they are mobilised by skilled human resource. Therefore, human resource
development is necessary for the utilization of natural resources. Distinguished Guests Ladies and Gentlemen It is therefore pleasing to me to see initiatives from professional bodies like ZICA that will contribute to building the capacity of accounting personnel not only in the public sector but in all sectors of the economy. As I alluded to earlier, the 7th National Development Plan aims to transform Zambia into a diversified and resilient economy. To achieve the objective of diversification,
Government is putting in place and implementing measures that support reforms
which promote institutional realignment and a performance management culture
that leads to more transparency and accountability.

Mr President I am well informed that the development of learning materials for CA Zambia
has been supported through my Ministry under the Public Financial Management Reform Programme (PFMRP). The Public Financial Management Reform Programme underscores Government’s resolve to support reforms that promote institutional realignment and a performance management culture that leads to development accountability.

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