The African Development Bank (ADB) has given Zambia a US$24 million concessional loan for budgetary support for next year and 2010.
The loan, whose agreement was signed by ADB and the Government in Lusaka yesterday, was awarded to Zambia under the Second Poverty Reduction Budget Support Programme.
Finance and National Planning Minister, Situmbeko Musokotwane signed for Zambia while ADB resident representative, Vivienne Apopo signed for the bank.
The duo also signed the financing agreement for the Africa Legal Facility.
Dr Musokotwane said the $24 million which would be disbursed in two equal tranches would go towards supporting some of the on-going projects.
“The specific goal of these funds is to contribute to economic growth and poverty reduction through the provision of an enabling environment for private sector development.
“The funds will be disbursed in two tranches of equal amounts. One tranche will come in 2009 and the other will come through in 2010,” Dr Musokotwane said.
He said the Government had been implementing a number of development programmes in the last few years under the Fifth National Development Programme using finances from domestic sources and cooperating partners.
On the African Legal Facility, Dr Musokotwane said the facility was born following the declaration of African finance ministers in 2003 on aid, debt, the International Monetary Fund and HIV/AIDS.
The objective of the facility, he said, was to help heavily indebted poor countries in Africa to address the problem of creditors and enhance negotiation capacity for complex commercial, investment and other transactions.
“The Africa Legal Facility to be established shall be an international institution with full judicial personality under the law of the states who sign the agreement, Zambia inclusive,” he said.
Ms Apopo said the loan signed yesterday would help create a conducive and cost-effective business environment for the private sector, and accountable management and use of public resources.
She said the ADB had made financing commitment to Zambia amounting to $980 million and an additional $387 million was provided as debt relief since the 1970s.
For the Africa Legal Facility, Ms Apopo said the facility would provide legal advice to African countries faced with litigation and noted that countries through suits instituted by vulture funds had paid out about $700 million.
“A case in point in Zambia is the recent case of Donegal Vs Zambia in which judgment was awarded to Zambia,” she said.
Times of Zambia
nambala one!
These same non specific loans are the ones that are being embezzled
Accountabilty please. Otherwise, let’s do away with these loans. They don’t take us anywhere but just help us to dig our own graves. Yaba!
Imagine sitting on the interet, doing nothing but waiting for LT to post stories and then you come and say number 1 and leave without contributing anything, just what kind of people are these? Well different hobbies!
hmmmm! poverty reduction ka!no thickening your pockets
another loan………………?
“facility would provide legal advice to African countries faced with litigation” and where is the LAZ in all this, why do we always have to rely on foreigners please to resolve our own probems, we have State Counsels what do they do? Ivi vanikola ine, atase!!!!
Do we ever get tired of receiving from others
Ms Apopo is a Bemba and she knows when it reaches Zambia it will never be accounted for. 20% from that figure will be pocketed by her. The rest ………….. You know it
Why are we getting this loan and how does the government plan on repaying it? If the government was a business, it would have been liquidated by now.
This money wont even be used for the intended purposes.it will be used for by these greedy pipo in the govt to fatten their bellies.
Loans!Loans! these people just get loans for seminar after seminar without doing the intended purpose. Loans in closed doors they must explain in detail, what, project,where,when,who implements and so on in the News papers
Indalama baiba abalumendo so that they take the money to some RB promises like UNZA & CBU students increament of allowances.
Shame!!!!
Ma guys,these loans come with $$ interests $$ ka.
its absurd to get loans for non-income generating projects. I hope them MMD realize that.
#9 stix,watch your mouth,don’t say anything about Bembas.this is a brotherly advice otherwise if you contunue I will report you to katele kalumba,who will then switch on his codeless laptop to detect where you are,then after that you will find yourself in Zed within seconds.lobe boyi.yesterday you did attack us (Bembas)Nalelo.be cafeful ka.
Well done BWEZANI government, you are indeed a working government. Keep it up, get more loans, bring development and shame the haters@!
So you poeple have already forgoten how you sucrificed for HIPC, and you have again started borrowing.anyway Zambins dont learn so continue borrowing and you will suffer the consquences later. We are watching quietly.
Unless a loan is used in some production venture with positive returns, it simply cannot be repaid. just how do you contract a loan for legal, or even financial advice. We should not be surprised that very soon despite all the debt relief we have gotten so far we end up with another unsustainable debt. There must a transparent approval and monitoring mechanism for such loans. International lenders should not give money to countries that do not have such systems in place.
Tuletambakofwe, Ba nyama Soya, we are watching you.
Its indeed a shame that the government of today gets a loan and depends on the government of tomorrow to pay.Same old unip stories thats why i did not want this RB,you are not developing the country but only taking it backwards
Can you please stop mentioning Sata the LOSER’s name on this forum. Lets talk development not lost causes. Ba Sata ni ba MISSED CALL!!!
Situmbeko there you go. “Chew” that money. This is reason all Africans want to be Presidents or Minister of Finance. You will be s)t)u)p)i)d not to buy four pads in Kensington. Way it goes baby, Amigo! Lyapuma ba minister. Not Africa yacabe.
Most of the bloggers here are just time wasters! I would have loved to read some credible analysis of the consequences of the loan whether positive or not. Alas all pipo are saying is pure waffle and patrotic rhetoric! No wonder many Zambians do not care much about this blog!
Go for it Situmbeko and RB. Get more loans just like Kafupi did. After all those villagers do not need the money, but they will need sugar in 2011. They do not need development as they are comfortable with the rubbish they have.
Reason I have stopped giving to OXFAM and Wateraid.
44 years after independence and we’re still borrowing. Just what is wrong with our motherland? This is un acceptable. And we even celebrate for signing such loans intended for unprofitable ventures.
#23 Stop blabbing you cretin! You are the reason people have stopped coming on here. You people in Zambia. All you come up with are insults for people in diaspora. Even when some of you have never been outside the borders. You see no wrong in a vice president having four cars at home when people are going without food. One bigot had the balls to say yes if one is in position so be it. What a wum!
Sept24, you are also a time waster, why cant you give us your analysis instead of calling others names. You are the one waffling. We all know that this loan is for a good cause, after all Dr. Musokotwani or Bwezani are not bembas, so the loan wont end up in their pockets but go to its intended purpose. Any arguements?
We are not even ashamed of ourselves. A loan is repayble with interest. When will we learn. You situmbeko, your first order of business as finance minister is to get us entangled with a loan?
I have said before on this blog that these loans are just questionable. Why do there go to get loans when they don’t even know what the loan is for and instead they just coin useless terms as poverty eradication. Why can’t we keep things simple and let parliament approve before we go looking for a loan. For example
1) We want to build a road to Some farming area
2) Why do we need this road is will it grow our economy, let debate in parliament
2) How much would it cost, do we have the money, how can we raise the money, how would we repay this money
4)If this is debated then lets go borrow from World bank or whoever
These loans from nowhere,…
situmbeko is good at gazing women,the other time he was looking at siliya right in the face,nishani ze bige?loans in themselves are ok,but what they are intended fo is what matters.never get loans fo consumption,but rather fo productive ventures or infrastructure dev..
Can someone tell me how many loans these bembas got when Chiluba and Sata were running government and where the money went? Right in their pockets but the honourable Dr Says …..
“The specific goal of these funds is to contribute to economic growth and poverty reduction through the provision of an enabling environment for private sector development.
#ctd from 29. These loans from nowhere just because IMF has cash to dish out are dangerous. Ask KK what happened in the 70s. The world dumped and forced loans on developing nations and the rest is history and they are doing it again. We seem not to learn. It’s even embarrassing that despite RB being party of the 70s disaster, he is still repeating the same mistake and in 20 years you will start another debt forgiveness nonsense. What is up with this leadership? They can’t even use their experience. This is sad indeed.
Can’t Zambia survive without these so called loans kanshi? just few years ago when the govrn was buying sining the HIPIC completion song for us, and now that we have reached there, what do we see again? borrowing the money which they don’t even use for the benefits of Zambians, Chiluba mentality has surely come back, were they will borrow as much as they can and expect the next govrn to clean up their mess. They haven’t even planned, but they want to borrow. shame.
Get some more Situmbeko. As if what we have at the moment is not enough. Get some more please.
Just what we need to develop-loans and yeah more loans!
“The specific goal of these funds is to contribute to economic growth and poverty reduction through the provision of an enabling environment for private sector development.
#31 By the way this is a most vague statement doted with loop holes all over, how can a man on the street measure this, even the experts can’t. No wonder it is hard to say where did the money go. These are fake and no specific goals. Come on people
What are the conditionalities attached to the loan?While we appreciate help from outside,these loans have never helped us to alleviate porvety in this country.This partly because of the conditionalities.We all know that 75% of this loan will remain in the country it has come from.Shame.Viva family tree!
Please people show some respect – Situmbeko is a man of the highest integrity and will not use these funds as suggested by all you preachers of doom.
#31 your reasoning is like that of a 13 year old. Jog on you wum. Zed does not need any more credit. But then again I am not surprised. Africa is Africa.
Dont worry, you will have HIPEC campaign again when Nyama Soya(Lundani) is gone. stop thinking about today for Zambia but tomorrow unless you are ready to enjoy now and suffer later. The best way is to suffer now and enjoy in future like the way us Christians believe.
I am suprised that we have continued to contract loans after some old and unfairly obtained loans were written off. When is Zambia going to fund its budget 100%? In 2008 budget, 8% was funded by external funders. Can someone out there tell me what this $24million plus other loans meant for budget support amount to in percentage term? If it will be more than 8%, then RB is slowly but surely taking this country down to stinking poverty and begging.
mwa tampa ama loans ba fipe. we dont need unspecified loans. a loan for budgetary support what is that?
Anonymous Anonymous Anonymous, What makes you trust Situmbeko? Remember that he is also human just like you and me. Loans will never develop Zambia, you find other means and not loans. remember how you suffered during the time of HIPEC, that was because of the same loans that you Anonymous is encouraging.
he he he , what do you expect. RB is UNIP so he is just taking the nation to UNIP days of borrowing.That is best how he knows to run a country.
Peasant Farmer, I salute you my brother and totally agree with you. Our economy has really picked after we kicked the thieving bembas out. Can we let the good Dr. continue where Magande stopped from and stop critising unnecessarily?
Abena Zambia business as usual, ADB is also controlled by the IMF, the largest shareholders are Americans. These loans will just enslave us. You cannot develop a country thru loans. We have a lot of resources, for example I am aware of a mine where Chinese are making 24million dollars in two months. They mine gold. The pbm with our eductn system is that it has brain washed us. Let us rely on our own resources. You colleagues in the Diaspora akutumeni ndila ku Zed, so that you can be a source of forex for Zed. Dont jst fatten yourselves and when you are old you come back to Zed with chongololo english and yet begging.
wait a minute here. is this loan meant to pay for legal fees everytime Zambia confronts its debtors?
Whether Situmbeko is a man of highest intergrity or not, what we are saying is that, its too much these loans which don’t even help us, but instead they draw us back. They say if you can’t beat them join them he will surely join them one day afterall his position is not permanent.
#44 ububushilu nomba. Your flag gives you way. One and the same person. Why are you desperate? Mulalyamo! Thats how it is in Africa. Why worry about th future generation when all you need is to secure your family?
Heard Harare had no water on Monday. Ask a minister in Bob`s government they will tell you al is well. Typical African!
Tula twabane napapa lelo you have said something sensible. It s true Zambia needs Zambians outside as a source of forex. That 24 million dollars can be made from mining companies within 3 months interest free.
Alla, twayamba ukukongola nakabili???????????
What position is Kalusha bwalya standing for in CAF?
Borrowing or receiving we do, but what the money produces noboby knows.Lets hope its not for cushioning the money they spent on useless polls.
#44.please revisit your comment on #44,then I will advice you to rewrite it.Its not that becoz you have talked about us Bembas no,but iam just disappointed with you for saying our economy has improved when pipo are protesting over the price of mealie meal,fuel,kansanshi mine is cutting 298 job for zedian,just to metion few things.You are saying the economy has improved.Iam sorry my dear think twice before you say anything.
Musokotwane will never fit the shoes of Magande no matter what.
Either pipo on this forum dont leave in Zambia or are simple pretenders to believe that Zambia can get by without loans. If you are a learned Zambian as I expect pipo on this forum to be, then you will know about the FIFTH NATIONAL DEVELOPMENT PROGRAMME (FNDP). Dr Situmbeko has explained that this loan will be used to finance some specific activities outlined in the FNDP. Or do we have grade 4 drop outs on this forum?
clearly there is no need to borrow money now when most nations are in a recession yet we find it fit to borrow. we are not in an emergency to urgently need the money. we should have looked at other options of getting money brfore commiting to ADB. i think some how we need a consensus before we commit to borrowing. look at what debt did to us in the KK era and after.
#53 Any chance you are one of those heartless few who will benefit from the loan?
Thought people who do not leave in Zambia are more exposed? Tell you what I read the newspaper before a person in Livingstone does.
# 51 Ka Kalusha bwalya is just another opportunist and power hungry character.He is almost contesting for every available position,does he know what he really wants.He will be embarrased again.By the way am told Abedi Pele is in Zambia currently.Has come to collect akanono for supporting and campaigning for RB?
Oopss! #55 not #53
# 55 My brother zambia should by all means avoid loans. We do have the capacity to raise that sort of money within. Look at South Africa. They 100% fund their budget.why dont we learn ffrom them how they do it unlike sticking to the easy way out by borrowing. Our Government is not being creative we keep making the same mistakes over and over
Anonymous stop being paranoid, are you also mulamu and baby c? Sorry my flag may be the same with Peasant Farmer, Tito and Inchitu Chitumene (whatever) i dont know them and we are not one and the same. Infact the flag on your 37 posting is similar to mine. Are you also me?
More loans, great progress, bla bla bla
We said no to slavery. Then we fought for independence and got it. The Whites were chased away upto their doosteps in Europe. The whites sat down and strategised. “Eslave them by giving them more and more loans till they fail to pay. When they fail we shall deal with them. Simple”.
That is why 44 years after independence we are still crying for this and that without geting it. And the colonialists like it that way. To them it’s sweet revenge. Let us get out of this mess.
This Musokotwane guy doesnt think he has started taking Zambia slowly back to HIPC? loans come with interests so we will pay more this time no debt cancellations coz RB is not liked by most presidents the way mwanawasa was….
Look at the way he is admiring the lady in the picture but anyway i cant blame him cause she looks hot.
Loans are not “given” loans are “lent” with interest
#61 Yeah right son. More nkongole for your children or their children.
Savour the moment!
Wasn’t Magande signing loans on behalf of the republic of Zambia during the time he served as finance minister? When Magande signs, he is a good minister. When Situmbeko signs, then he can’t fit Magande’s shoes. It could be true, he cannot fit Magande’s arrogant shoes.
Chilufya HH Bwezani, Are you sure by saying that the zambian ecomy is picking up? man the inflation rate is very high and the kwacha is depreciating terribly my friend. Dont be cheated the economy is in danger.
This is our country and please let us make use of all the available resources to raise money for any project. Hundred years from now our own children will be loughing at us their ancestors for not putting our resources to good use. I feel sorry for the next generation because we shall live them in debts. Should they be saying our grand parents were hopeless or were great people?
Let us make sure a better Zambia awaits the next generation by contributing and not plundering.
You guys lets use LT as fountain of knowledge, not the funny stuff some of you are bringing here like 65 and 65. There are some of us who are technocrats and what to enlighten as well as learn something on the economy of our country. If you have nothing to write about why not just keep quite? Lets have mature and informative exchanges.
#51 relevance is important comment on the matter at hand. not ba kalusha and his aspirations.
I would like to see him again to sign that the money has been put to GOOD use. The only sure way to get out of nkhongole is to stop borrowing.
When are we going to depend on our resources, we are getting mineral taxes still we are not satisfied with other loans which our future generation will strugle to pay. some loans have been written off but still getting more. We are tired of poor management of national resources.
Can someone review how much nkhogole has been sorted out since 1991 and how much has been borrowed. For the difference is all we need from donors so that we can sail out of this predicament.
These loans will simply make the rich richer and the poor will continue wallowing in porverty. Believe you me, our government is simply giving ‘panadols’ in order to kill the pain and surpress the real problem. We must identify the main issue before borrowing more money which our little ones will fail to settle.
$24m is 8000 tonnes of copper or three rounds of boxing for Mike Tyson. Why don;t hey sell Diaspora Bonds in Canada and the USA instead of playing this HIPC kaloba game?
loans wont do for zambia
Atleast be asured that part of the US $ 24 million will end up in Chalala, the bricklayer will benefit together with his helpers, Chilanga Cement will equaly benefit, those trucks carring sand will do and lastly Zambian Breweries as well as some (10% Church tith) Go forbid.
That woman with the Minister is beautiful.
Situmbeko listen, $24 million is a lot of money.Dont just talk about poverty reduction to please that representative from ADB.we want this to become a reality. You are very good you people when it comes to rhetoric,but no implemantation. This government has been receiving a lot of money from donors.But you cant really see major projects apart from mending pot holes.We need proper accountability. NCC,can you put a clause in the new Constitution that wil ensure proper accountability of such huge amounts of money.Because there are so many beneficiaries,after chewing the money.You dig boholes and you say this is poverty reduction! Shall we be seriousy plz!
When our top leaders are getting these loans they do not think of how to repay because they will not suffer the same pain as ordinary Zambians.Why should we start borrowing again?when we fought and sacrificed hard to have our debt cancelled and here we are at it again.Please stop it because even if you get the loans I do not see any change.Poverty continues,high unemployment rates,rising HIV/AIDS rates,poor sanity in townships and compounds,erratic supply of electricity,high taxes,high prices of mealie-meal and other basic consumables/needs.Dear God have mercy on us and forgive the sins of our forefathers so that this punishment may be taken away from us in Jesus name we pray Amen.
Ministry of Finance, if you had spoken to Oprah she is looking for some land, we could have sold her some at US 120 million cash instead of getting that talk time money from World Bank.
Is Zambia that cheap? Nigeria privatised one of the state owned companies for US 1 billion, honestly do we need to get 24 million, That money can be organised locally, Gentlemen we need to be serious. Is this what this advicer (Dr Musokotwane) was advising our late President. I wounder where we are going?
NKONGOLE NI NKONGOLE MUKABWEZE
the corrupt MMD govt. will just use these funds to pay for the ridiculous salary increments that they voted for!!
This is just adding to Zambia’s unservicable debt! if our susoect govt. properly taxed foreign investors and didnt squander Zed resources by misappropriation , and adopted ecomomic policies that favour Zed biusinesses, we would not need to borrow this money!
Ladies and gentlemen i believe we all have past through grade four and can remember some of our classmates unlike some other “persons” we know. If so then we should have read the reason why this loan has been obtained in the second paragraph of this article.It is not wrong to “borrow to create wealth” at personal level as well as at National level. So some of the areas interms of poverty reduction are: the Fertiliser support prograame; Feeder roads works, CDF etc. All this is there in the FNDP. All we need is to keep our govt on its toes so that this monies are utilised for its purpose. We can ensure this by making sure that even our contributions on this blog are objective. Also NGO and other stakeholders should also come in with intelligent analysis and contributions and not were MPs walkout at every issue and later on come to vote for a bill. Also us professional guys through our professional bodies should seriously engage governmet on matters of this nature. Like on this one I expect, Economic ass. of Zed, Accountants, Lawyer etc to come in and push in there great ideas. Also political parties should come in not just making noise in news papers. Lets get to work and build Zambia. I also believe we can finance our own budget just from our God given precious metals lying beneath and around Lamba land. But that again needs changing some of our laws and our mindset especially the way we conduct our businesses. Look at Zambian suppliers to the mines how they spend their money once paid.Partnership amongst ourselves is not yet in us but I believe we can move on from this slumber. I wish Zambia well.
For how long will Zambia be begging?It has even become so experienced in such negotiations. You want to accummulate more debts even when you dont have the capacity to pay back.Musokotwane,can you start working on modalities of how in future we can be self reliant and avoid such loans. Because you will again start pleading for debt cancellation.And one of the reasons you give to convince the countries you ow these debts,is poverty reduction.But even after they cancel the debts thats when poverty reaches the climax.highest peak,mount everest.Bwafya!
Pafisenge,
That is great contribution and I believe that is the way forward. The most urgent thing is to educate some of out Opposition Leaders about what offering ‘checks and balances’ actually means. It certainly does not mean shouting on every hill top ‘Pabwatooo’ Neither does it mean ‘wrongly indulging’in excesses of misapplied and misinterpreted understandings of our civil liberties at the expense of national development.
If we put the money to good use and create wealth- well and good. I obtained a loan ( only K30m ) from a bank four years ago. I invested it in an agro-processing and poultry business. Today , I employ 10 people and I have a monthly turn-over of K35m. I operate only on a small scale but this enabled be pay back my loan in two years time.Ofcourse, Iam strict on financial controls and ensure that the money is re-invested in my business. If we as Zambians can be financially displined, we can make good use of these loans. We therefore need the opposition to monitor the use of this money by the MMD. HH is an economist and it should be easy for him to check what RB is doing.
89.MOPAO MOKONZI RB is an economist to .why should people think that HH is the only economist in Zambia.?lets forget about hh we dont have a presidential bye election.
Where does all the money for poverty reduction go, did any man or woman in chibolia or missisi or garden compound get a glimpse of it? its truly pointless because we dont see any change at the grassroots the slums in zed r just getting bigger n bigger n even pipo in the rural areas are suffering more and more, this really hurts me do these govt officials have any conscience??? This is a LOAN therefore we have to payback 2/3 of the money will go in pipo’s pockets n we wont pay back and will be even deeper in debt its even better not to borrow the money!!!1
“Surtos de cólera no Zimbabue ocorrem anualmente desde 1998, mas as epidemias anteriores nunca alcançaram as proporções de agora. O maior surto ocorreu em 1992, com 3 mil casos registrados”, afirmou a OMS numa declaração no seu site.
Continuacao no. 92
A contaminação pela doença piorou com o colapso do sistema de saúde e saneamento do Zimbabue, no meio de uma prolongada crise económica e política.
desculpa amigos continuação,
Can the civil society be seen to be talking in Zambia please? Why is Zambia getting these loans anyway? It is such loans that landed us with a US$7 billion unsubstantiated debt in the first place! Is Mr RB employing the managerial tactics he learned from ol’ brother-in-law KK? I have always asked this question, how can anyone who has supported communism all his life claim to have democratic principles overnight? Ladies and gentlemen on the blog, welcome to communism and socialism! .
continuação nu no. 94,
A imprensa estatal informou que a maior parte da capital, Harare, está sem água, devido à escassez de produtos químicos para tratamento da água.
A OMS afirmou que os casos da doença “podem espalhar-se rapidamente para áreas sem acesso a saneamento e (fontes de) água segura”.
Zimbabue ese muito problema
True liberal, that is the right question but you won’t get the right answer buddy! Zambia has received loads and loads of US dollars for the last 10 years for poverty reduction. But alas! the number of poor pipo keeps growing. Where indeed does the money meant for poverty reduction go to? to answer the question partially, look at the many conferences, workshops and seminars going on in govt depts, councils, NGOs? They are always ‘building capacity’ in these institutions to handle poverty. What capacity do you need to know that people are hungry, poor, jobless or sick before you can act? But if you ask me the Zambian govt has been over-capacitated so much that is can no longer function!
#88
it shows how out of touch you are with the average plight of a suffering Zambian, that you think the most urgent thing that should be done is to educate the opposition on checks and balances!
You are clearly a governtment worker or have family in the government so you have a vested interst in this party staying in power at the expense of national development! People like you are why Zambia will never devolp and why corruption and nazi tactics will soon become part of Zambian culture! it is very sad!
““The specific goal of these funds is to contribute to economic growth and poverty reduction through the provision of an enabling environment for private sector development.”
By also contributing to the allawances of MPs so that they increase there work load.
Why is GRZ getting loans when we have $1 billion in reserve.?
Sata is right RB is running a GRZ full of thievs. 1 month from now we will all forget about this loan,while it quetly dissloves into MPs trousesers. only the next generation will be lambard by it, poor zambia, you will never develop.
Hey Wally, are you aware that Somalia with all its problems they are making more money than our Zambia.
Pirates in Somalia are making a fortune by hijacking ships and demanding ransoms to set them and their crews free – one official estimates the total this year to be around $150m.
There are conflicting reports about how much they want for the Saudi oil tanker they seized last month, the Sirius Star, and its cargo of two million barrels of oil, but how do you negotiate and deliver a pirate ransom in the 21st Century?
Why LT? Those comments are not insults!
Maestro hehhehehhehhehhe! Where are you?
PLiz, PLiz why cant we just stop geting maloans since there is no proper accountability.some pipo are just making their pockets full…..Mukazi verako nasoni chabe.
MMD MWALYA MWEKA DADDY. They need the loan to finance shortfalls arising from costs incurred during the campaigns and the salary increments for constitutional office holders and MPs. Soon ubunga will be K100,000.00 per 25Kg bag. The hour is now working on us.