Place here
The Patents and Companies Registration Agency (PACRA) exceeded its quarterly registration target of 8081 by registering 11,333 businesses in the first quarter of 2023.
This reflects a 40.2% increase as compared to 9,026 businesses registered during the first quarter of 2022.
PACRA Communications and Marketing Officer Mubanga Chitabo, says the 11,333 registrations in 2023 include 6,994 business names, 4,321 limited companies, and 18 foreign companies.
Place here
Ms. Chitabo adds that sectors that recorded increased numbers of registered businesses include agriculture, forestry, fishing, and construction among others.
By Shem Malinda
Place here
