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ZED Expresses Concern At The Volatility Of the Exchange Rate
The opposition Zambians for Empowerment and Development (ZED), has expressed concern at the volatility of the exchange rate in the country.
ZED president Frederick Mtesa has observed that the current instability of the exchange rate in the country may cause the Zambia%u2019s inflation rate to rise.
Dr. Mtesa has told Qfm news in an interview that such precariousness in the country’s exchange rate is mainly caused by the uncertainty in the policy direction that the ruling Patriotic Front is allegedly taking.
He has therefore urged the government to build on achievements made by previous government and sustain a liberal economy as opposed to stepping back in the era of a state controlled economy.
Posted by
Bwalya
March 22, 2013 at 10:58 am
The Railway has not taken bid yet. To be shareholder in this venture will definitely gobble colossal amounts. ZAmtel is under performing. Tazara is a white elephant. too many outstanding debts – staff and other (…and growing), recent loans acquired and ones left by previous government repayments; that level of liquidity that Zambia so desires to see may be off-show at the moment.
The long term engagements (e.g, road infrastructure) PF has put in place will dangle the country on a thin thread for some time to come, but the rewards may be refreshing. In the mean time, there will be much suffering if short term tactical programs are not implements quickly, eg., wider tax base, but low taxes must be collected, Tax audits implemented, System of procuring in government institution revisited (alarming bribes going on in this in this arena)
CHIPESHAA & ZAMBIA WPAC
March 28, 2013 at 5:26 pm
Hi President Mutesa,
You are missing out on 3 most important aspects and thereby adding no value. change your strategy and thanks for your insight.
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