Government says the country has a comparative advantage as an economy in the production of goods and services but exporting these is a challenge.
Special Assistant to the President in charge of Projects Monitoring and Implementation, Lucky Mulusa, says there is need to regulate all activities in the economy to avoid distortions, saying stringent measures should be put in place at Nakonde border post.
Speaking when he inspected the newly-completed one-stop border post at Nakonde, Mr Mulusa explained that the illegal exchange of currency going on at the no-man’s land between Zambia and Tanzania should be properly monitored so that regulation is ensured.
He said it is out of such economic activities that Zambian goods are failing to compete favourably, forcing business people to opt to rushing to import.
He explained that there is need for the Bank of Zambia to formalise trading in foreign exchange at Nakonde as the current situation may only provide for the introduction of fake Zambian Kwacha notes in the economy by some unscrupulous people.
Commenting on concerns by District Commissioner (DC) for Nakonde, James Singoyi, that there is illegal trading in the Kwacha where Zambian nationals are being used by Tanzanians to change the local currency into Dollars at the local banks.
Mr Singoyi observed that there are millions of Kwacha that Zambian business men and women deposit every day when they go to purchase various merchandise in the neighbouring nation and the same local currency is in turn brought back to Nakonde commercial banks where Zambians are used to help in exchanging it with the Dollar on almost daily basis.
Amazing how some pipo still have hope in this economy. There r no economic managers in pf. Just have a look at chikwanda. Does he inspire anything? Absolutely NOT!
Wabolufyono kateka iwe
PF and economic management are like water and oil.
MR. MULUSA IS THAT A “SELFIE”?
THAT IS SERIOUS SABOTAGE ON OUR ECONOMY. YOU MADE THE RIGHT OBSERVATIONS. BRING SUCH PERPETRATORS TO BOOK IMMEDIATELY. STOP THE ILLICIT TRADING OF OUR KWACHA.
HIV MAN LOOKING GREYISH ,IMMATURE MAN WHO IMPREGNANTED A NUN ,
GROW UP MAN PLEASE
AM RB’S MAN WITH FAKE SOUTH AFRICAN PAPERS
THE SKIN FROM BLACK TO GREY
PF SWALLOWED BY MMD SWINES
FEEL FOR PF THESE CALIBRE OF PIPO
NJALA YABA NYONKOLA
SICK ECONOMY .
HAPPY THAT NEVERS IS EXPELLING RB
SOLE CANDIDATE FOR 2016
What nonsense are you spewing here? Can anyone follow you?
Remember Mulusa when u walked from chingola to solwezi in protest of the state of road? We shall now see whether you will ensure the road is done including solwezi roads. Solwezi is the only provincial capital neglected by sata. Thank God he is no more. From nakonde go to solwezi first.
THIS GREYISH MAN WITH HIV ON ARVS JUST LIKE HIS SHADOW PRESIDO THINKS HES A GENIUS MAN IS SICK ,GREY NAILS GREY SKIN INFECTED PENIS .
IS THIS NOT THE B A STARD VERY STINGY WITH MONEY AND WANTS PIPO TO BUY HIM FI WHISKY AND IS THIS NOT A FOOL WHO SAID WAS POISONED AT A PARLIAMENT MOTEL .
MAN VERY IMMATURE .
There are mental asylums everywhere. Please check yourself into one.
Mulusa just eat you fool. You failed to do anything in solwezi bustard
We all in kitwe are happy with the leadership of president lungu and will giv him all the support
It seems hh really convinced his dweebs about been an economic manager. What track record does he have? Managing cows is not equivalent to managing a country! The same Chikwanda you harangue is well more advanced in economics than your Under 5!nkalani chabe namabisi!
You fool you must learn to read widely. Check the profile for HH and your ignorance will be exposed. HH is contributing more than 25% to this economy if you didn’t know you shit. Thousands of Zambians are employed in all these companies where he is a major shareholder. For example the beef you nyokola who supplies it to zambeef. ***** fool do not show your ignorance here. If you do not know who HH is, better keep quite you fool.
But you cannot manage even cows crap. Just look at the “achievements” from September 2011 to date? Wow.
This man does not understand the meaning of economic advantage