FORMER Minister of Finance Katele Kalumba says the Patriotic Front (PF) administration has a broad range of tested and specific measures to address the downward spiral of the Kwacha.
Dr Kalumba said he is confident that the ruling party’s “arsenal” is effective to address the current economic challenges.
He said this in a statement issued from Chienge yesterday.
“While it is recognised that China’s demand-side is for the short-term under pressure, Zambia has demonstrated its capacity to ring fence itself from global financial crisis twice,” Dr Kalumba said.
He said there are strong internal factors to support the Kwacha when prudent fiscal and monetary measures are effected.
Dr Kalumba said the industry and banking sector should be steadfast and work with the Ministry of Finance in implementing bold measures which have worked before in 2000 and 2008 during a similar situation.
And Dr Kalumba has urged interest groups in the country to develop a proactive stance and embrace dialogue.
“Negative economic sentiments come from lack of consultative dialogue. Zambia needs to be proactive and think outside the box now,” he said.
Meanwhile,
Katele uli Ndoshi! Muselela kwakaba…Kabolala IWE!!
Why were you imprisoned? Where is Stella Chibanda?
So, you think that Zambians have forgotten how you were smoked out from your hiding place with charms?
Lungu and the PF have no plan to rejuvenate our economy…
Zambia at the moment needs HH!
Just enjoy your wizard life….pompwe iwe!!!!!
PF MAFI FYE…………
What a joke this guy has turned into…..
There is a time to speak and a time to keep quite. This was the time for Katele Kalumba to keep quite.
*****
The EDUCATED has spoken!
Spot on Dr.Katebe. We need people like you to help address our current situation not enemies of the state whoat any cost want to go to state house yet have no heart for the common man shame on them.They can not understand nothing for they are selfish.In Europe there are similar problems even worse.May the Lord intervene.This is a small cloud in the eyes of the Lord it will soon pass.I love mu great country any sane person will support this Govt.Our President is such a humble person no wonder he won the elections.
Useless statement
Gentlemen and ladies listen to this man. He is a qualified witch doctor, re known for using magical lap tops and other demonic instruments. Maybe he is telling us what he can see on his magical laptop!!!
Katele is a social worker by profession and knows very little about economics if any. He was once Finance Minister but you ask him as to what he really did at Finance…just theft…corruption…stealing.
Guys Katele is spot on. Demand and prices for copper are low due to Chinese fiscal problems. China is trying legitimate ways to devalue its own currency to spur and prop-up its economy. On a positive note, with a weak currency, Zambia will be an affordable tourist destination, agriculture produce for export will be cheaper and snapped from the shelves quickly. The net of all this is jobs creation. A strong currency favours imports over local products, killing jobs. A weak currency is not as bad as some people who are inclined to imports might want everyone to believe. By the way, HH is not the solution. This problem is bigger than him.
Be be bafikhala
HH is not a solution
HH has never been a leader
HH has never been been tested as a leader
Where doe s he get it that he can lead
All he wants is to be the first President from mabisi land
But it will never happen as Zambians are not *****s
HH just claims that he can do this that blah blah just so. This is not leadership
Now this is malabishi! Where did the faggots in leadership learning this mess they are putting us in? We can’t fold our arms and hope Jesus will help us.
This EL failed to run his small ‘Themba’ and has transferred his failure to the country. Katele should not be an educated fool but be fair to Zambians. We know he wants his wife to stand but his timing is wrong. Katele is a typical artifice guy, only interested in his welfare. Zambia is burning and he should come here yapping? This education can never take a ‘sangoma’ from his ways!
Small brains be The Game
Dr Katele Kalumba….how do u stabikize the kwacha when there is no productivity for export and borrowed money has been pumped either into consumption or unproductive projects
When is judgement day for this corruption wizard we can not have convicted criminals talking about our economy.
Dander head go back to hiding in the anthill iwe kabwalala….you think we are fools not to long ago you were supporting HH,all of a sudden you changed like a chameleon with you muselela kwakaba wife.
“He said there are strong internal factors to support the Kwacha when prudent fiscal and monetary measures are effected” So what are we still waiting for?
Haleisa Haleisa aaaaa apitilila mpaka ku woodlands stadium. Jokers will never see the door of state house.
Ukulanda kwalyanguka. Katele is spot on, its only that in Zambia everything is politics.
Away with PF thieves,*****s,foolish and above all inept leader. Why sending a private secretary to talk rubbish on stateradio and some PF quacks ululating?
Dr. Kalumba, just close your bick. You are not the rightful man to comment on such issues. You are the biggest embezzler in this country with your Chibamba woman. I can only urge LUNGU never to pay attention to such demagogues of Zambia. Katele is a teaser and a danger to society, only that he is a Zambian, otherwise, some people do not deserve to be true Zambians, because theirs is fill your pocket and go your way. I even do not know how late Chiluba missed him to be part of the caskette. Katele, kindly just rot in Chiengi there and it will be good for the young generation.
YOU BLOGGERS WHY ARE FIGHTING ONE ANOTHER OVER SIMPLE HUMAN BEINGS (POLITICIANS) HOW MANY POLITICIANS HAVE YOU HAD BEFORE? WHAT HAVE THEY DONE IN YOUR LIFE? WHY DO U LET YOURSELVES DECEIVED BY THESE PEOPLE? REPENT FOR JESUS SAID WHOEVER LOVES THINGS OF WORLD DOESN’T LOVE GOD. FINALLY EVERYTHING UNDER THE SUN INCLUDING YOU BLOGGERS IS VANITY
Spot on Dr.Katebe. We need people like you to help address our current situation not enemies of the state whoat any cost want to go to state house yet have no heart for the common man shame on them.They can not understand nothing for they are selfish.In Europe there are similar problems even worse.May the Lord intervene.This is a small cloud in the eyes of the Lord it will soon pass.I love mu great country any sane person will support this Govt.Our President is such a humble person no wonder he won the elections.
Katele is not an economist to effectively comment,he is a public health worker,period.:
THESE ARE THE THIEVES THAT HAVE RAVAGED OUR ECONOMY IN THE PAST. WHAT GOOD ADVISE CAN YOU GET FROM A THIEF? KATELE IS LOOKING FOR LUNGU’S FAVORS SO THAT HE CAN GAIN ACCESS TO NATIONAL COFFERS UP FOR A LOOT!