President Edgar Lungu has assured the nation that government has put in place several measures to address the depreciation of the Kwacha.
President Lungu said that the Kwacha is now gaining against the US dollar and other major currencies because of the various measures that his administration has put in place.
The President was speaking at Kenneth Kaunda International Airport shortly upon arrival from New York, where he went to attend the 70th UN General Assembly.
The Head of State said that he is in full control of the country and the economy.
The President has however called on all well meaning Zambians and professional associations to share solutions to the current economic problems.
And President Lungu has called on opposition political party leaders not to politicise his call for a day of National prayers and fasting slated for October 18, 2015.
The President said his call for prayers and fasting is genuine and means well to the nation.
President Lungu however urged those who are not interested in participating in the national event not to discourage others but simply stay away.
The President arrived from New York to a thunderous welcome at 09:45 Hours and was received by Vice President, Inonge Wina, Cabinet and Deputy Ministers, Service Chiefs, Senior Government and Party Officials.
“The President has however called on all well meaning Zambians and professional associations to share solutions to the current economic problems…”
Now ED, I might even give you a break if you mean this. I’ve been asking you to do a 180 and as for help, buddy. Let’s see where you take this. I’ll line it up against your ‘reconciliation’ talks and you might just have seen enough while you were away to notice how much work we need to do. So today you get a pass from me. Just today.
Welcome back.
ask for help…
Thunderous welcome, in private expensive plane?? It can be, because he over-stayed in America, imagine when did the Pope return? He need be careful at statehouse, abena Kaizer nabakalipa.
haha very funny president ! You hire a plane with you PF bandits and get paid in USA $ were you there and say lets focus on the economy. Have you got any ideas about the economy or you smoked something form Jamaica ? If you did why have not done anything since PF come into government . Busy violence, corruption, by elections and no freedom of press . End of this month k20 to $1 and your president scared to speak on BBC interview how will international companies come .
Welcome back Sir,tell us what measures because the currency is falling even now.Don’t touch reserves for that matter. It is gratifying that you are open to discussion.This is a plus.
Why didn’t he comment on the private plane hire? When is the Constitution Amendment Bill being tabled? What investment opportunities have you and your large delegation brought back from New York? What about the case of KZ, is he still your advisor?
He has asked for help on the economy, lets see if he actually follows through with this. he has said so many wonderful things in the past and followed through on zero. So, is this another white elephant…
what really do you want, solutions you are not giving, every time giving negative comments, leave us to enjoy peace for this country. we are not forcing you to come and pray.
Ba Mama wa Luse if indeed uliwaluse, just take a walk to any of our clinics and see how patients are being turned away because the clinics have no needles, no bottles for blood tests, AIDS patients, malaria patients are turned away because these vital facilities are no longer found in our hospitals/clinics and you are talking about peace and when you complain about the shortages of vital drugs you are told to shut up!! and you are saying we live in a peaceful country!!
When the president opens the door lets go in because when he closses it very few can open it. We have pipo who can do it but he wants evryone to be part of it. Very few leaders can do it
Full or fool control? You are not fooling anyone anymore! Thunderous welcome? Don’t just reprint things – Prove it
Where are the pictures of “thunderous welcome”?
Full or fool control. You are not fooling us
That is Lungu for you…the dollar will be K15 next week.
i dont kno wht LUNGU smokes,kwacha has appreciated,really? if thats the case then thanks to western union for value $1 to kw13,which my sister picked today.thats wht happns whn everything is free to you.
Can Lungu please address the following? From the Zambian Economist ——
There are essentially nine big economic policy challenges facing GRZ :
(1) Very weak copper prices (lowest in 5 years)
(2) Rising debt levels (Highest since HIPC)
(3) High fiscal deficit (likely to get even larger soon)
(4) High youth unemployment
(5) Power deficit (possible blackout in October)
(6) Volatile and falling Kwacha ($1 per K10)
(7) Poor policy credibility
(8) High and rising cost of private borrowing
(9) High poverty levels (80% poverty in some areas)
ASSURANCES are all very well, but what is the ACTUAL PLAN (if there is one) on how these will be dealt with?
Or are we just going to pray for divine intervention?
This is the only thing this lazy bum is good at making vague statements on airport tarmacs…the man has no single clue whatsoever!
Welcome back
Laughable indeed: “President Lungu said that the Kwacha is now gaining against the US dollar and other major currencies because of the various measures that his administration has put in place.”
It is not gaining! Where does he check the exchange rates? When the Kwacha was rapidly going down, he said Govt has no power to control the global economy, the downfall of kwacha is due to external forces. Logically, if the kwacha starts to gain it will also be due to external forces, not Govt efforts! Lungu does not think well!!!!!
I am just from checking on the Kwacha and how it’s trading against other currencies. It has not appreciated so please stop lying to us.
ka muguys aka! Clueless. Even his face tells it all.
Why do you keep talking about people who want to stay away from your prayers. Make statements that will encourage people to come. eg by sounding genuine.
People like Prof Saasa, Dr Habazooka & many others are offering advice everyday but you allow Kambwili to rubbish them.
KWACHA APPRECIATES
I know good news is usually not good news. Excellent news is even shunned.
I am excited that this was one of our prayer points.
Yes the Kwacha is on the rise and appreciating so rapidly.
It was K14 on Tuesday close of business and now it has appreciated so significantly and is now K11.4 per US $ as at 11hrs.
Currencies like the South African Rand, Kenyan Shillings and other currencies have suffered depreciation because of a China factor ,commodity factors and USA $ global appreciation of it’s currency but the depreciation has only been to extents of 15-29%.
But for us, the depreciation was running to almost 100%.
Our scenario is more attributable to speculation than the stated international factors.
2016 vote PF (Edgar)
i thank you
fest welcome back sir.my coment is on dollar we know that dollar is not your fort but do something before its to let the cars that people use to buy has stop y because of $ dollar sir in boders insted of u just seen things go to wes in boders tell ZRA to put dollar on 5 kwacha pe 1$ so that people there eble to pay duty coz dollar is high and the dutys are high think for as this is wen we find living.then the other thing people this is not the way u can talk to our president lets trai to respect our president this is the time that we should speak to God and ask about our country the world is at risk it will take yr prayer my brothers and sister it will take my prayer just in fresh nothing is going to change i nes in spirity its the world at risk not zambia only look at Grece to day wst…