First Lady Esther Lungu (L) with Access Bank Managing Director Director Tunde Balogun and Private Sector Association Chairperson Yusuf Dodia (R) and Bank of Zambia Deputy Governor Administration Dr Tukiya Kankasa-Mabula (second from left) during a Launch of ACCESS Bank Women Banking Initiative at Pamodzi Hotel in Lusaka on Friday evening, August 7,2015 -Picture by THOMAS NSAMA/STATE HOUSE
First Lady Esther Lungu (L) with Access Bank Managing Director Director Tunde Balogun and Private Sector Association Chairperson Yusuf Dodia (R) and Bank of Zambia Deputy Governor Administration Dr Tukiya Kankasa-Mabula (second from left) during a Launch of ACCESS Bank Women Banking Initiative at Pamodzi Hotel in Lusaka on Friday evening, August 7,2015 -Picture by THOMAS NSAMA/STATE HOUSE

Economic analyst Yusuf Dodia has observed that the state of the Zambian economy can be turned around in just 4 months if government puts the right measures in place.

Mr. Dodia says in his view, apart from other measures that the government can devise, the slow down in the country’s economy can be reversed if the Kwacha is stabilized.

He has told Qfm News in an interview that currently the country’s economy is not very strong because the Kwacha has been depreciating besides the cost of doing business escalating.

Mr. Dodia who is also Private Sector Development Association (PSDA) chairperson says for the fact that the currency and the cost of doing business are very important inputs in building an economy, there is usually slow down in economic development if these inputs become expensive.

He has advised that it is therefore necessary for the Kwacha to be stabilized in addition to other measures that should put in place to support the economy.

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21 COMMENTS

  1. “…the state of the Zambian economy can be turned around in just 4 months IF government puts the RIGHT measures in place.”

    The two most important words in that statement by this economists are “if” and “right” which are highly unlikely under Fossil Chikwanda and the Lazy Bum Edgar.

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  2. The problem of too much Jameson is that some would even use money meant for mealie meal assuming to get on credit or just get kaloba even salary advance.They had no time to sit when things were getting bad but the mealie meal has finished so there is panick to replace but how?Dead economy.

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  3. Stop lying dodia. There is no quick fix until Zambia stops importing everything it uses. Until manufacturing and value addition is given the highest priority, we are doomed. Even when the manufacturing base is sorted, it will have to have the steepest of learning curves because our GRZ went on a signing spree of regional trade blocks forgetting we don’t make anything, only opening shopping malls so legally they can’t even stop imports but will have to compete.

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  4. Iwe Jay Jay please lets just debate don’t insult our President. This is a democracy and we dhould respect each other’s views , you should know that the majority of Zambians dont support UPND. ,Currently you are in opposition but just look at the amount of insults ECL is getting from UPND cadres,imagine if UPND ruled.

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  5. Not with the current leadership. The main member behimd the collapsing economy has reached the stage of dementia.

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    • Jinx….
      Assuming you are a PF laggard…What is the point of having you in office if we can do it ourselves; solve the problem? You are in office because you told people you knew better. Now show them what is between your ears!

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    • These are my thoughts please fell free to debate….
      The party to form the next GRZ must halt all construction and divert all monies to manufacturing. A hit list must be drawn up of what we import the most, get private buissiness heads in one room and find a means to manufacture those products in Zambia to acceptable monitored standards or arm twist the manufactures to open plants in Zambia. At the same time embark on a massive buy Zambian campain to sanitizer the public to chose Zambia fist. Only by filling local consuption will we start exporting. Only by trying this will the problems be highlighted, like high costs of production due to too many middlemen most of whom are ministers and their tuntembas. GRZ must be brutall.

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  6. These UPND chaps will be packed in 2016 when their leader haleisa alelila realizes that his members are just finishing his animals.They are so sarcastic in the social media.What can their leader point to in Southern to show that he is a rich man with love for people at heart ? not even one small project but they are busy yapping useless praises based on the nega nega formula which will backfire in 2016.

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  7. Mr. Dodia has fell short of stating the things that ought to be done to stabilize the falling Kwacha. As a reader, I don’t know what he has in mind, and as such the article published adds no advisory value up and above what the government might be doing. Someone has to take the initiative of holding a consultative meeting of the living present and past Ministers of Finance, Bank of Zambia Governors, and established economists to look into how to improve Zambia’s economy. We are a country with educated citizens who can look into the problems being faced, analyze them, and develop a workable solution. I don’t think this is difficult to do if we really care about Zambia. We should not wait for the government to spearhead the initiative. One Zambia One Nation.

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    • Why should we not wait for the government to spearhead the initiative?

      That is their JOB! We pay Lungu and his cohorts millions of our tax money every month. And vehicles and fuel.

      They must EARN THEIR PAY just like anywhere else. Being in Government does not mean you are on a free holiday!

      Let the lazy bums do some work for a change!

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  8. More of a general political statement, than a thought out economic solution. I’d rather the economist/businessman gives specifics, on how to balance the current account, in a nation depending much on imports, and with declining foreign currency receipts, in such a short time.

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  9. …Dodia please..stop making unwarranted statements just for the purpose of being a ‘news maker’….we don’t want another 90 days theories………if Dodia has Zambia at heart…then let him advice..
    Dodia must differentiate what he learnt in class from the reality…those theoretical formulas require ideal situations….

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  10. In 4 months? It takes developed nations a year or so to try fixing the economy and this is buy people with a real education a having PhD? Why do these people in Zambia like to vomit stupidity? These guys need to go and I mean all of them. The nation will only start moving forward if we have people who qualify for these positions and with the right education. How long are we going to continue with hiring unskilled labour. Why do we still have people who need to retire still working. This is why the economy is going down the drain.

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