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Thursday, February 27, 2020

Cabinet approves more bills, will borrow close to K200 million from Stanbic to buy GRZ vehicles

Headlines Cabinet approves more bills, will borrow close to K200 million from Stanbic...

President Lungu Chairs Cabinet Meeting
President Lungu Chairs Cabinet Meeting

Cabinet, at its 10th special meeting held at State House today, has approved the Constitution of Zambia 2015 Amendment Bill and the 2015 Constitution of Zambia Bill that seeks to increase the number of elected Members of National Assembly from 150 to 156.

Acting Chief Government Spokesperson, Ngosa Simbyakula, disclosed this at a press briefing when he gave an update.

“At the 10th Cabinet meeting held this morning, Cabinet considered 10 agenda items, among them the Referendum Amendment Bill of 2015, National Disaster Management Policy, National Youth Policy and the Financial and Monetary Affairs,” he said.

Dr Simbyakula, who is Justice Minister, said the increase of six constituencies is as a result of 30 newly created districts across the country, noting that some constituencies were belonging to more than one district.

He said the six constituencies would be in effect after the dissolution of Parliament and that there would be no by elections.

Dr Simbyakula explained that the Electoral Commission of Zambia (ECZ) has been allowed to conduct the delimitation exercise and all the political parties were engaged and unanimously agreed to increase the number of constituencies.

He named some of the newly created districts as Kapoche and Sinda in Eastern Province, Nkeyema, Sioma and Sinjembela in Western Province, Ngabwe in Central, and Chirundu in Lusaka that were sharing constituencies with other districts hence the increase.

And Dr Simbyakula has further disclosed that Cabinet has approved the Referendum Amendment Bill of 2015, the Financial and Monetary Affairs which have allowed the contraction of a US$22,467,000 loan from the African Development Bank towards the implementation of the Lake Tanganyika Basin to help the quality of lives of the basin population.

Under this, there shall be contraction of a K175,310 million Asset Lease facility from Stanbic Bank Zambia Limited for the purchase of motor vehicles and other requisite equipment for government institutions to ease transport and logistical challenges.

The minister said Cabinet approved and revised the National Disaster Management Policy as a result of the emerging pro-active disaster risk and climate change issues.

Other approvals made by Cabinet are the National Resettlement Policy to protect resettlement schemes from illegal land allocation to create stable and sustainable human settlements, the National Youth Policy of 2015 to bring it in line with the African Youth Charter and other international statutes.

Under this policy, Cabinet has revised the definition of a youth from 15 to 35 from 18 to 35 years of age.

Dr Simbyakula said in order to actualise the National Youth Policy of 2015, Cabinet has approved the Action Plan for Youth Empowerment and Employment which strategises government’s vision of creating jobs and empowerment opportunities for the young people.

He added that Cabinet has approved the issuance of a Statutory Instrument to raise the minimum paid up share capital for insurance companies to enable them grow their capital base, develop by required to under-write mega risks.

The Acting Chief Government Spokesperson said Cabinet has introduced a Furniture Loan Scheme in order to reduce government expenditure on the procurement of VIP furniture at residential places for state’s Very Important Persons (VIPs).

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34 COMMENTS

    • The only person who should get furniture is the president and that should be left at state house once leaving office. The rest can buy their own TV’s. What’s wrong with Africans kanshi? Things like this make me livid!

    • Visionless Lungu & PF!

      PF BANDITS your time reckoning is coming. 14 months left & the vsionless Jameson Chakolwa Lungu will NOT be president forever.

      PF’s SG Davies Chama is a DANGEROUS CRIMINAL & that BANDIT Chama needs to be JAILED for attempted murder.

      Libongani & Katanga you will remember The Skeleton Key when your time to dance PELETE comes, real soon.

      BANDIT Chama & PF charlatans, remember this name B’coz once PF is KICKED OUT like BANDIT RB, we will definitely teach you minions what REAL JUSTICE is. Mulandu suola!

      Visionless Lungu & PF BANDITS have no care & love for the country, RECKLESS borrowing whilst the ECONOMY & KWACHA are ROTTING!

      Poor Fuz (PF).

      The Skeleton Key
      -206-

      Eccl 3:1-10.
      Time For Everything.

    • “Under this policy, Cabinet has revised the definition of a youth from 15 to 35 from 18 to 35 years of age.” This is very suspicious as especially close to election. HE LUNGU IF YOU ARE READING PLEASE STOP DOING THESE WRONG THINGS LIKE BORROW ON BEHALF POOR PEOPLE WHO CANNOT AFFORD FOR RECKLESS EXPENDITURES. WHY DO YOU NEED 156 MPS WHEN WE ARE FAILING TO AFFORD THE CURRENT 150. EVEN LOOK AT PARLIAMENT, THOSE BUILDING NEED TO BE RENOVATED. PLEASE IF YOU HAVE NO VISION FOR THE COUNTRY JUST PASS ON THE POWER TO SOMEONE WHO REALLY CARES AND WILL TAKE CARE OF OUR PEOPLE. HH IS THE BEST FIT BUT IF YOU HAVE A PERSONAL HATE FOR HIM GIVE THE PRESIDENCY TO NAWAKAI OR EVEN NEVERS ALTHOUGH THERE IS A BIG QUESTION MARK FOR HIM BUT ALL ARE BETTER THAN YOU. WE LEAVE LIKE SLAVES IN OUR OWN COUNTRY

    • Where is Mr. Kambwili, he loves to hear his voice via media echos. Something is not right. Government to borrow money to buy vehicles? A first for PF!

  1. Instead of increasing unnecessary Govt expenditure by increasing number of Constituencies and number of MPs ( 2 separate expenditures), they could just have redrawn the constituency borders corresponding to new districts. Do these people really think???

    • they know all this. But there is an opportunity to make money by a few priveladged individuals, hence more constituencies need to be created

    • Napapa Sana

      NO! They don’t think. Remember that Jameson Chakolwa Lungu said that, “I have no vision”. Indeed very VISIONLESS!

      The Skeleton Key
      ~206~

  2. Now you see!!! who will pay all these debts the government is accumulating???
    Baka bwala aba giving themselves, loans, contracts and jobs whilst the poor Zambia who voted for them cannot even access Panadol at hospitals and clinics!!!!

    This is a shame, Zambia will have to change otherwise the country is heading for a collapse, this is a disaster.

    Come on HH Kick them out the send them to Jail.

    • Mweol

      Don’t worry, the PF BANDITS will pay ALL the MONEY they have STOLEN from the poor majority Zambians.

      Pilato hammered the nail into visionless Lungu’s head & his PF BANDITS!

      All the BANDITS will be justly investigated, those found wanting will face the JUSTICE & RULE of LAW. Trust me, we will teach all these PF BANDITS that they had taken the people of Zambia for grunted b’coz of borrowed power.

      I promise you Mweol, remember the name.

      The Skeleton Key
      ~206~

  3. as usual this is a cabinet full of empty heads investing in consumption rather than production. When will we ever develop

  4. Visionless Lungu & PF,

    The ECONOMY & KWACHA are in SHAMBLES!

    Time is coming when all PF BANDITS will pay back all the MONIES they have stolen from the majority poor Zambians. This will be The Skeleton Key’s Task of teaching PF the best ACCOUNTABILITY.

    The entire PF’s rule of 4 years has felt like 27 years of KK the DICTATOR.

    PF, you will REMEMBER my words. You have made the Zambian people suffer poverty b’coz of your murderous SELFISH attitudes. Today 2 young boys ( graduates) have been shot dead at Twinpalm b’coz PF has FAILED to create EMPLOYMENT to the poor majority citizens. Its PATHETIC!

    Continue borrowing, but The Skeleton Key has VOWED to it that, all PF & MMD BANDITS will pay back all the STOLEN monies of the Zambian people.

    The Skeleton Key
    -206-

  5. Even an housewife who has never seen the inside of a primary school classroom knows that when income coming in from husband and vegetable selling business reduces she has to cutback…not these reckless empty tins borrowing for consumption!!

  6. Its very surprising that for all that we are seeing taking place- no employment, employment freeze, wage freeze an abated corruption, more and more taxes, bloated government, careless borrowing, careless spending, and the list goes on, there can be people who can still say Lungu is the best thing to have happened to this country! Shame! Please youths, who have no employment register as voters to kick these idi0ts out, you are the majority! Don’t let these illiterate PF cadres to out number you! If you want change vote in mass, please don’t expect someone else to do it for you, take that responsibility!

  7. “Under this policy, Cabinet has revised the definition of a youth from 15 to 35 from 18 to 35 years of age.” This is very suspicious as especially close to election. HE LUNGU IF YOU ARE READING PLEASE STOP DOING THESE WRONG THINGS LIKE BORROW ON BEHALF POOR PEOPLE WHO CANNOT AFFORD FOR RECKLESS EXPENDITURES. WHY DO YOU NEED 156 MPS WHEN WE ARE FAILING TO AFFORD THE CURRENT 150. EVEN LOOK AT PARLIAMENT, THOSE BUILDING NEED TO BE RENOVATED. PLEASE IF YOU HAVE NO VISION FOR THE COUNTRY JUST PASS ON THE POWER TO SOMEONE WHO REALLY CARES AND WILL TAKE CARE OF OUR PEOPLE. HH IS THE BEST FIT BUT IF YOU HAVE A PERSONAL HATE FOR HIM GIVE THE PRESIDENCY TO NAWAKAI OR EVEN NEVERS ALTHOUGH THERE IS A BIG QUESTION MARK FOR HIM BUT ALL ARE BETTER THAN YOU. WE LEAVE LIKE SLAVES IN OUR OWN COUNTRY

  8. Gosh,i thought a govt by our wiser easterners would do better but alas,Lungu is just another borrow and spend leader.

    Free advise ba Lungu :you borrow to invest unlike your GRZ which borrows to spend on fast depreciating assets like cars.

  9. WE CANNOT CONTINUE LIKE THIS. CAN ALL WELL MEANING ZAMBIANS JOIN HANDS AND MAKE SURE PF AND LUNGU ARE NO MORE IN 2016. PLEASE VOTE FOR ANYONE ELSE OTHER THAN LUNGU. AT THIS POINT I CAN EVEN TAKE WYNTER. ENOUGH IS ENOUGH WITH LUNGU. WHY DO THE POLICE EVEN ALLOW THEMSELVES TO BE USED WHEN THEY KNOW THEY ARE ALSO SUFFERING, SOME EVEN WORSE THAN CADRES. THE ARMY AND POLICE NEED TO CONSIDER THEIR FUTURE AND AVOID PROTECTING PEOPLE JUST BECAUSE THEY ARE IN POWER.

  10. What Lungu, should is clean up Lusaka , city, it’s stinking dirty, garbage smelling all over, and you decide to buy furniture for minister, is this Lungu person thinking?

  11. We warned You, & You responded in kind, by calling us “Bitter”
    MWANYA!!!
    Whisky Man has mortaged the country, & pocketing the difference.
    If You thought U.N.I.P, days were a nightmare, under Jameson – Chakolwa, U.N.I.P suffering will in comparison be a children’s picnic.
    ENJOY WHILE THEY LOOK AFTER THEMSELVES AT YOUR EXPENSE!!

  12. Ebupuba tulanda ubu. There other pressing issues we need to attend to urgently. Medicine in hospitals, desks in schools. We saw one school in Chawama where pupils were sitting on the floor were over 80 in one class. This is pure procrastination.

  13. This is insane!! Zambians this is what you wanted with your Ifintu ni Lungu government. Live or is it die for surely we shall die from this nonsense and lack of priorities!!

  14. loan!s loans! and more loans!..kekekkkeekekek ifintu ni lungu…yaba nafwa imbafu.. zambians are useful *****s indeed.

  15. Now they have borrowed from stanbic, then they will go to Barclays , Finance bank, and then FNB soon the banks will not be interested in giving loans to the public because they would rather give the loans to government

  16. Hello Dear Sir/Madam.

    I am Mr. Wood Barry, a private money lender. I give out loans with an interest rate of 3% per annual and within the amount of $1000.00 to $500,000,000.00 as the loan offer. 100% Project Funding with secured and unsecured loans are available. We are guaranteed in giving out financial services to our numerous clients all over the world. With our flexible lending packages, loans can be processed and funds transferred to the borrower within the shortest time possible. We operate under clear and understandable terms and we offer loans of all kinds to interested clients, firms, companies, and all kinds of business organizations, private individuals and real estate investors. Just complete the form below and get back to us as we expect your swift and immediate response…

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