9.5 C
Alba Iulia
Thursday, November 26, 2020

UNZA Students Jeer Mwanawasa

Economy UNZA Students Jeer Mwanawasa

President Levy Mwanawasa has been jeered by UNZA students angered by the sale of shares in the state bank Zanaco to a foreign buyer, witnesses said on Saturday.

Mwanawasa, who has come under fire for his economic policies, was booed by University of Zambia students late on Friday when he visited the campus to lay a foundation stone for the construction of more hostels.

“The students jeered the president over the sale of Zanaco (Zambia National Commercial Bank). It was so embarrassing that at one point he was forced to stop speaking,” said a witness.

“The students shouted that it was shameful for the president to agree to International Monetary Fund (IMF) proposals to sell Zanaco shares to a foreign bank.”

Earlier this month some 4,000 protesters demanded the government set aside IMF proposals for tax increases and the reversal of the sale of 49 percent of shares in Zanaco to Rabobank of the Netherlands.

Zambia’s economic growth has accelerated in recent years thanks to an increase in copper production and prices as well as the strength of the agricultural sector. It has also won praise from Western governments for prudent economic policies.

But Mwanawasa has battled a growing public perception that his strong fiscal record has done little to benefit most of the 10 million people in the copper-rich nation.

Poverty remains widespread and critics say Zambia should be reaping bigger benefit from its resources.

Mwanawasa narrowly won a second five-year term last year in a campaign which largely revolved around economic policy.

The sale of Zanaco shares was part of a larger government drive to privatise some state assets under a programme agreed with the IMF.

The privately-owned influential Post newspaper carried a front-page photograph of students demonstrating at the university.

“I and my ministers have listened to you and I do not expect you to interrupt me when I am speaking. I came here to (state) the long term measures and I can only (speak) if you listen to me,” the Post quoted Mwanawasa as telling the students.

University students in Zambia have regularly carried out protests over what they say is the government’s failure to improve their allowances and construct more hostels amid regular strikes by lecturers demanding better pay.

- Advertisement -
- Advertisement -

Latest News

Chambishi End Mighty’s Unbeaten Run

Promotion chasing Mighty Mufulira Wanderers’ unbeaten run in the 2020/21 FAZ National Division 1 season has ended after losing...

President Lungu Should Step Aside and Give a chance to Somebody to Represent PF-KBF

Lusaka Lawyer Kelvin Fube Bwalya commonly known as KBF has told his supporters that he is still a member of the ruling Patriotic...

I’m Reflecting on Why I Waste Time Speaking For Zambians-Kambwili

By Patson Chilemba I am reflecting on why I waste time speaking on behalf of Zambians when they don’t seem to care about what...

UPND calls for extension of Voter registration Period

The United Party for National Development(UPND)has urged the Electoral Commission of Zambia-ECZ-to consider increasing the allocated number of days for the on-going voter registration...

Zambia needs to sell itself better-Amos Chanda

Former Special Assistant to the President for press and public relations Amos Chanda says Zambia has potential and good stories to tell about itself...

More Articles In This Category