The commuter train has been bought using part of the 120 million US dollar Euro bond that was given to the Zambia Railways Limited.
Transport Minister Yamfwa Mukanga who officially launched the train yesterday, said government is committed to providing a cheaper mode of transport for the people.
He said government had shown commitment by fulfilling most of its electoral promises.
And speaking earlier, Zambia Railways Chief executive officer, Muyenga Atanga, says he and his colleagues were working at making the public company viable.
He explained that the commuter train will operate from Ngwerere to Liyali with immediate effect.
Professor Atanga says the fares will be affordable even for the ordinary Zambian to afford.
Commuter Train Launched In Lusaka added by on
View all posts by →
PF and EL at work this is what we really call iseleni tubombeko.
Batunfweko do you mean lilayi.If it was nude pictures you could have edited with tripple x already.
Or rather it is seleni tu pempeko. How can anyone celebrate the procurement of infrastructure that we know we currently do not have capacity to manage, based on money that we the tax payer will have to raise in order to meet lending rates. It’s like me saying I have bought you a car but you owe me the price equivalent. Kiki foolish dull pf cadres
This is Classy!!!
Kwichi-kwichi takafuke ku Ngwerere Pooooooweh!!! Hechi-Hechi tukaluze mu 2016 hama elections Mooooooooonzeh! Its Kolopa.com VS Mabisi.com.Mukose bane …Honchi Hubeba!
aM SAD FOR YOU you seem to greet haters you are a perpetual hater yourself…..Anyway bring it on b!tch!!!
Oweee chakalipi tate wako under 5 HH azinyela mumatebela chifukwa cho konda kumwa mabisi….Careful muzakanyela mu church come 2016…
Iwe ng’ombe ok tamvela ….good day..
That’s good and they should extend services to other places too as long as rail is there. Us in UNIP we applaud at that initiative. Vote UNIP 2016 Mukose bane Kikiki. Honestly that’s good.
Thats the only reason i sometimes appreciate u jjb cause u appreciate good initiatives unlike that upnd cadre.U know that cadre
Ngwerere to Lilayi is a good route. Lots of compounds in between, these are the people that need this mode of transport the most. This is a very good Capital project. Good job on this one and the DNA machine(create a data base now, first case: RUTH MBANDU).
That’s good but the train looks like Gautrain here in Johannesburg. Let’s be realistic ba tumfweko, Zambia can’t manage that train cos it’s a high speed train and uses electrical railway. I hope the pic shown is true.
The point is that Tumfweko should have used the picture of the actual ZR train and not take a picture of a train from somewhere else. Ours is red and Tumfweko journalists would have taken a good picture of ZR even with a smart phone.
@mj Banda I thought so too, cousin.
Pf it’s too much of u working hard mukalenga HH akaikulikile takwali,takwaba elo takwakabe ukabombesha nga El.All electoral promises hv bn fulfilled kwati bufi zoona.Mailo ndi pa train pakuya kunchito.
Bushe balitambisha pa chitunshi-tunshi mwa? I yo ba pf bakali. Ninshi Shichilufya alisha atantika imilimo mwa?
OK iyi yikali! uushitasha mwana wa mfwiti!
Good afternoon friends and comrades. As you know it is the weekend and am busy on family engagements. However i will give my full well informed response to this joke of misplaced public fund priorities by giving an official report by the imf on zambia current economic situation. Have a good weekend
Good afternoon friends and comrades. As you know it is the weekend and am busy on family engagements. However i will give my full well informed response to this joke of misplaced public fund priorities by giving an official report by the imf on zambia current economic situation. Have a good weekend.nez live from Monaco
Sory mwebantu,personaly l have never come across a tonga person who is not upnd apart from those who are given positions in pf,again even the same tongas who have positions in pf wen they are droped they run direct to upnd and not any other parties.Pliz l beg no insults l jst want to learn wat cud be the reason behind,l have seen bembas,easterners and others belonging to upnd proudly with or without positions.
takataka or classy?
Lets try to appreciate wen something good comes at the time we need them,we also need to know that development shall not be brought to our homes but we shall see it as we move from one place to another l think that’s how l understand development.The way l left my birth place( village) is not the way it is today so l am appreciating not until it is brought to where l am today.
This is good move but bloggers like helo haters and new educated zambia must be big idiots they wil never appreciate, anyway Hakainyela Humwine wil never be president in the name of his senior freemanson
Thats y me and ny family we will not vote n party apart from pa bwato,tiyenayo pakakumapeto!
Thats y i and my family will not vote n party apart from pa bwato,tiyenayo mpaka kumapeto!
Visiting livingstone wit da family
I wish to remind all of you bloggers who are fond of insulting that it is time u exhibited maturity. Am non-partisan but I do not see why u shud drag the name of hh into this issue of a train. Let me remind u that this H H u are despising is already a wealthy man and it is not his battle even if he loses in 2016 but it is yours. After all some of u did not even have a decent meal today and yet u are hasty in insulting a man who has food in abundance.
Ba Tumfweko ubufi! That picture is telling all of us that that is the train which was launched yet we know Zambia wouldn’t afford such a train. By the way That’s a high speed train which can’t operate intra city.
The IMF releases its statement on Zambia
IMF Executive Board Concludes 2015 Article IV Consultation with Zambia
Press Release No. 15/233
May 22, 2015
On May, 20, 2015, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Zambia.
Zambia has strong growth potential, but lingering vulnerabilities pose risks to the outlook. In the last two years, the Zambian economy has been weighed down by large fiscal imbalances, lower copper prices and policy uncertainties. Real GDP growth has slowed, the current account has deteriorated, international reserves have fallen and the exchange rate has been under downward pressure. Fund staff estimate that real GDP growth slowed from 6.7 percent in 2013 to 5.6 percent in 2014, driven by a contraction in copper production. Year-on-year inflation fell from a peak of 8.1 percent in November 2014 to 7.2 percent in March 2015, largely driven by lower fuel prices. The fiscal deficit on a cash basis rose sharply to 6.5 percent of GDP in 2013 and remained elevated at 6 percent in 2014.
The Zambian kwacha has fluctuated widely since the beginning of 2014. After depreciating by about 20 percent in the first half of the year, it recovered in the second half of the year reflecting tightened monetary policy and the issuance of Zambia’s second Eurobond in the amount of US$1 billion. Downward pressures on the Kwacha re-emerged in the first quarter of 2015 reflecting external developments (U.S. dollar strength, and lower copper prices) as well as domestic factors (growing fiscal deficit, depleting government deposits and a change in the fiscal regime that adversely affected the outlook for the mining sector). Monetary policy has carried the burden of containing inflation and countering the depreciation pressures on the Kwacha.
Growth is projected to average 5.5–7 percent a year over the medium term, reflecting the impact of investments in mining and electricity in recent years. Inflation is projected to stay in single digits and decline gradually to 5 percent. Key risks to the outlook are delayed fiscal adjustment in the lead-up to general elections in 2016, persistent low copper prices, and policy uncertainties that could undermine investment in the economy. On the upside, steps taken by the government to resolve mining taxation problems by easing documentation for VAT refund claims by exporters and the decision to rescind the new fiscal regime for mining introduced in January 2015 could lead to higher copper production and growth.
Executive Board Assessment
Executive Directors noted that, after a period of strong macroeconomic performance, the Zambian economy is facing significant challenges arising from large fiscal deficits, lower copper prices, and policy uncertainties. Directors emphasized that steadfast and strong efforts are needed to ensure macroeconomic stability and foster inclusive growth.
Directors underscored the need for significant fiscal consolidation in 2015 and over the medium term, to reduce the deficit, stabilize debt, and create conditions for lower interest rates. They welcomed the authorities’ decision to implement the policy of full cost recovery in the pricing of petroleum products. Directors called for sustained expenditure and revenue efforts, including efforts to contain the wage bill, target social spending through cash transfers, broaden the tax base, and put the pension system on a sustainable footing. They also welcomed the authorities’ decision to rescind the royalty-based mining fiscal regime, and called for swift action to resolve the issue of outstanding VAT refund claims to exporters.
Directors welcomed recent progress in the implementation of public financial management reforms, including the Integrated Financial Management Information System and the pilot phase of Treasury Single Account. They encouraged the authorities to utilize these tools to strengthen budget controls to avoid the accumulation of arrears, and to enhance the transparency of the budget process by improving fiscal reporting.
Directors noted that Zambia’s moderate risk of external debt distress calls for prudence in borrowing on commercial terms. Recognizing the need to address infrastructure gaps, they advised the authorities to strengthen the project selection process and prioritize capital spending. They also called for the development of a comprehensive debt management strategy to help address public debt vulnerabilities.
Directors supported the commitment of the Bank of Zambia to maintain a tight monetary policy stance to contain inflationary pressures. They stressed the importance of continued exchange rate flexibility and rebuilding reserves to provide adequate buffers for the economy.
Directors noted that the financial sector remains well capitalized and stable, and commended the strengthened banking supervision. They recommended continued efforts to enhance financial inclusion, including improving access to financial services in rural areas. Directors also called for the elimination of interest rate ceilings as they restrict access to credit.
Directors noted that poverty remains high, particularly in rural areas. To foster job creation, inclusive growth, and economic diversification, Directors encouraged the authorities to improve the business climate by restraining labor costs and ensuring a stable regulatory environment. They also recommended action to address infrastructure and electricity supply constraints; develop skills; and rationalize farm subsidies with a reallocation of resources to the social cash transfer program.
(Source: IMF)
Tell imf to fucoff. We ‘ll encourage other nations to borrow a lot money and refuse to pay back so that it becomes bankrupt. Haha
This is total nonsense!
Good job nomba fye abena Zambia problem they will start uku ninikamo imbushi,inkoko,ifi kumba elo nembwa… Ati mutweleleko we are a family!…
This chap thinks IMF is God, IMF likes to force developing nations to adopt policies that suits itself following IMF policies can not in itself turn around Zambias economy but it is just another cog in the huge wobbling economic wheel that we need to fix.
If imf can tell you to be prudent in your borrowing and deficit management, how are they bent on policies that suit themselves? Please take your head out of your backside for a second and be objective and unbiased for once you pf cadre. The article raises some good points which we the upnd have been raising. It also states that the economy has potential. However uncertainty by pf and incompetence in economic management has led to this situation we are in. Wake up
Ask yourself how come no one gives a rats arse at that baloney you Googled and dump on there? Get it straight IMF will never fix your economy that junk was typed by someone sitted in a swing chair on 110th floor in some skyscraper in New York while you face reality in Zambia. So go tell IMF to shove it, by the way I am UNIP if it matters to you not PF.
the imf is not saying they will fix the economy for us. Matter of fact they are offering advice for zambians to put in place measures that will only help us. When one is ignorant of the truth and decides to be blind to the truth, this is what happens. Every person with some economic knowledge will tell you exactly the same thing. This is not rocket science. But then again to you it might be. Wake up JJB. am sure you are way above pettiness. You are UNIP, or so you claim, which explains your 60s UNIP economic way of thinking. This is 2015 helooo
Then tell IMF we aren’t interested in their advice. You can tell even on Tumfweko It’s only me who actually commented on your essay.
JJB the truth is not very popular with the PF and so called unip cadres like yourself. In other words the truth hurts. ukose
The PF gvt is working and all can see. This is good work. This is how a caring gvt operates. HH is also working very had. Look at some of the beautiful malls such as east park,mukuba etc in which he is major share holder. EL and HH are great men. They are both graduates from the same school. Zambia is blessed with great leader. Some of you posting shit about our two leaders cant even afford nshima for 25 becoz of yo foolishness. These are two great leaders.
for the sake of unity let EL appoint HH as deputy vice president after 2016 elections just to let hh have a feel of governance
not VEEP but Deputy Veep
@Bigilia you are a tribalist. Why not just the rest of the tribes except tongas? Why did u say easterners and Bembas and others. U should have said Mambwes and Lambas and others.
There is no inferior tribe in zambia. There is also no inferior race in the world. If that was true, then blacks would be simply monkeys becoz other races obviously will claim superiority.
so bembas will start selling plastic bags as well as stealing in that comuter train. mmmm wat loophole for these monkeys, ala tavutika.
can you still if you are dull. stealing requires big brains.
May God forgive Zambia…what a christian Nation we are
is the picture of the train correct