Zambians do not need validation of an IMF official on the havoc the fiscal indiscipline of the PF government is causing to this economy.
As citizens and economic actors, we experience the daily chaos in the financial operations of government departments, the sheer lack of compliance and widespread corruption, the collusion between the legislative and executive arms of the state in pushing our country into a debt-trap, the impunity in misuse of state resources for political party ends, and unwillingness to pay more attention to the balance between current and future public finance needs. (more…)
The PF leadership is abusing the police and intelligence personnel of this country with impunity. It is shocking and disgusting to witness this rapid decay in professional conduct amongst our senior officers over the past 12 months. At this pace, a new government after the 2016 general elections will need to totally rebuild these key state institutions. These institutions are quickly becoming irrelevant to the needs and interests of the Zambian masses. In essence, they are becoming a liability.
Stopping the Rainbow Party members from having lunch together with comrade Robert Chikwelete in Kapiri Mposhi is both an over-reaction as well as a waste of police and intelligence time, energy and resources. (more…)
President Joseph Kabila of the Democratic Republic of Congo (DRC) has for nearly 15 years faced tremendous huge challenges relatively to many other African presidents but has performed pretty well.
Joseph Kabila in 2001 inherited a country that was split by war into three zones and almost all its neighbouring states had been dragged into it. Joseph Kabila made huge compromises and within a year there was relative peace in most of the regions – apart from in the eastern provinces and Katanga where several militia remained active.
In 2001, the economy of Congo was in very poor state: Inflation was high, there was no GDP growth, the currency was hopeless, and infrastructure was in desolate condition. Today, despite the low global copper prices, inflation is lower, the Congolese franc has been stabilised, and sectors such as telecommunications, construction and infrastructure are doing pretty well. Congo is today producing more copper than Zambia. (more…)
The year 2016 may turn out to be the worst for the masses of our population in the entire 51 years post-independence period. Macro-economic stability will remain elusive, job losses will continue to be experienced in all sectors of the economy, the cost of living will continue to rise and poverty will deepen. Under these conditions, the PF government will increasingly act impulsively and become more defensive and repressive. The toxic mixture of a repressive regime amidst growing mass poverty will be tragic for the Zambian workers, peasants, students and the poor. It is the sort of mixture that civil strife and unrest are made of. (more…)
President Lungu’s speech for the official opening of the fifth session of the 11th National Assembly is misplaced and without direction.
The Zambian economy is like a house on fire: with the world’s worst performing currency, a widening budget deficit, increasing public indebtedness, rampant fiscal indiscipline, high levels of corruption, a devastating energy crisis, pending massive closures of businesses and increasing unemployment. Yet the house owner is not decisive about stopping the fire. (more…)