Government is putting stringent measures to strengthen the kwacha and maintain Zambia as a credible investment destination, Finance Minister Alexander Chikwanda told Parliament yesterday.
Mr Chikwanda said a continually weakening kwacha induced inflationary spirals which impinged negatively on the country’s economy.
He said this in a ministerial statement in response to a recent point of order raised by UPND Monze Member of Parliament Jack Mwiimbu on the Kwacha Exchange Rates.
“As custodian of public interests, the Government will take all conceivable measures to put matters right. It is a delicate exercise and balance but we will not renege on our duties,” Mr Chikwanda said.
Justice Minister Wynter Kabimba said Government would re-constitute the board members of the Energy Regulation Board (ERB) from the current 11 members to seven in accordance with the Energy Regulation Act No. 16 of 1995 with Amendment Act No 23 of 2003 which provides that the board shall be composed of seven members.
He told the House in a ministerial statement in response to Mr Mwiimbu who recently raised a point of order on whether or not Government was in order to breach the provisions of ERB Act No. 16 of 1995 to appoint 11 board members instead of seven.
MMD Vubwi MP Eustarkio Kazonga and his UPND Zambezi West counterpart Charles Kakoma wondered why Government could not notice errors made to appoint 11 ERB board members instead of seven and whether Government would ensure the new board was gender balanced.
Meanwhile, Speaker of the National Assembly Patrick Matibini has directed Vice President Guy Scott to issue a ministerial statement on the arrests of some UPND MPs in Livingstone yesterday.
This was in his ruling to Mr Kakoma who raised a point of order on whether it was in order for Dr Scott to remain quiet without issuing a statement on the arrests of some UPND MPs in Livingstone.
Deputy Minister of Health Patrick Chukusu said in response during questions for oral answers from PF Obius Chilubi that from January 2005 to December 2011, about 3,915 women died as a result of maternal related complications.