Zambia loses $140m in alcohol market
Published On July 14, 2023 » 1125 Views» By Times Reporter » Business, Stories
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By JAMES MUYANWA –
AFRICA has continued to lose colossal sums of funds in taxes through illicit and counterfeit products as Zambia accounts for $140 million of the losses through its alcohol market.
TraceCore Software and Technology Development chief executive officer, Alexander Makarov from Russia says that Africa lost an average of $73 billion annually between 2000 and 2015 through trade mis-invoicing

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