Tuesday, 30 April 2013
Monday, 29 April 2013
Friday, 26 April 2013
Thursday, 25 April 2013
"This particular slide simply shows that maize yields (metric tonnes per hectare) in Zambia has potential for improvement. GMO aside, the hybride maize seed that is distributed through the Farmer Input Support Program (FISP), has potential to yield 8 MT per hectare Smallholder farmers can also manage this yield because the sizes of their farms are usually small and manageable.."
Wednesday, 24 April 2013
Tuesday, 23 April 2013
Monday, 22 April 2013
Friday, 19 April 2013
JCTR summarises well how GRZ price control has failed to reduce the price of mealie-meal in April 2013 press release :
From August 2012, instability in the price of mealie-meal across the country was a cause for concern. To mitigate the instability, government intervened directly by engaging millers, to reduce the price of mealie-meal by an average of K 2, 000 (KR2). Notwithstanding government intervention, the price continued to be high across the country.According to the evidence obtained by the JCTR through the basic needs basket surveys, the price of the commodity continued to not only be high but was increasing. Apart from Lusaka where the cost of mealie-meal only reduced marginally by K400 from K47, 400 to K47, 000 recorded in September 2012 and October 2012, respectively, other towns across Zambia showed varying increases in the commodity price.The remaining towns recorded varying mealie-meal price increases from September 2012 to October 2012, respectively; K46,300 to K54, 500 in Kasama, K37, 300 to K41, 600 in Livingstone, K42, 200 to K46, 300 in Mansa,K49, 200 to K49, 700 in Ndola, K49, 000 to K49, 300 in Luanshya and K43, 400 to K43, 900 in Monze.That the price of mealie-meal continued to be high implies government’s intervention was not effective in making the commodity affordable across the nation. Not long, government directed that the retail price of a 25Kg be K50, 000 (KR50). Yet again this intervention was not effective. Last week government intervened again to raise prices of Mealie-meal from their earlier ceiling price of K50, 000 to K55, 000 per 25 Kg bag. This was done on account of factoring in the transportation costs.
(Source : JCTR)
Thursday, 18 April 2013
Government is allegedly plans to leverage its land and mineral ownership to negotiate a shareholding of not less than 25% in all new mining projects. In an interview with Metal Bulletin, Mines Minister Yamfwa Mukanga says government has no intention of nationalising the sector. Rather it hopes to see its shareholding in future mining projects rising to 35%, but its role in the mining sector will be limited to being a minority shareholder and regulating the mining environment.
Wednesday, 17 April 2013
Copyright © Zambian Economist 2013
Tuesday, 16 April 2013
“...We are sitting around 30 percent of GDP ratio and we would be comfortable to increase that to around 45 percent of GDP and we would be going back to the international market as soon as all arrangements are put in place. Our debut issuance was very successful, remember it was oversubscribed and we believe the interest in Zambia among the foreign investors is still high and we want to cash in on that...We should not be scared to borrow as long as we are able to pay back...We have said no to increasing taxes for our people because we are a caring government. So taxes won’t go up and our only choice is borrowing from the market. There is no country that does not borrow, the USA, Japan, name them, they all borrow to develop but what is important is paying back...”
Monday, 15 April 2013
"Those of you who know me, know that I am not arrogant, that I am prepared to change direction if the idea is good. And those of you who know me, know that I am difficult to change if I know what I am doing is correct....All of these people, I give them so much honour because not only are they elders, but they are statesmen. Now I am only a human being and some of these things upset me and at certain times I speak out perhaps speaking more than I should....I apologise for the hard stand I took on Dr Kaunda a few days ago although what I said was true. I should not have said them in that manner; it's only that I was angry because I have done so much for my father (Dr Kaunda). I feel sincerely sorry for what I did. I also want to say sorry to the Catholic bishops. There has been a lot of debate in the nation and I briefed the bishops when I met them in Lusaka...I will invite the Catholic bishops so that we can reconcile and they should tell me the way we should proceed."
I think we need to do more to look back. We are a nation lacking in proper historians. As a result we forget too quickly and miss the lessons of the past.
Friday, 12 April 2013
Thursday, 11 April 2013
“Ideally, Vedanta wouldn’t really be worried about Zambian employment levels as it is not their issue…But we are pressurizing them to worry about exactly that. There is a concern that there is a disconnect between investment and employment…”
Wednesday, 10 April 2013
Tuesday, 9 April 2013
“...In a key move aimed at halting illegal capital flight, President Sata has assented to the Bank of Zambia (BoZ) Bill which gives powers to the central bank to monitor transactions of investors locally and abroad…”
Monday, 8 April 2013
Friday, 5 April 2013
Thursday, 4 April 2013
Wednesday, 3 April 2013
It has taken this Government less than 12 months to actualize the Independent Broadcasting Authority (IBA) which the MMD Government shelved for many years. The IBA is now operational under the refurbished offices at the Mass Media Complex in Lusaka. The process to recruit a Chief Executive officer and other staff at the organization, is underway.With Government’s blessings, the media launched their self regulatory body last year which the MMD, with Mr Mulongoti as Minister of Information and Broadcasting Services, had vehemently opposed when they were in office.