The Patriotic Front (PF) has said that United Party for National Development (UNPD) leader, Hakainde Hichilema is not being sincere over the appreciation of the Kwacha against the dollar.
PF Member of the Central Committee, Paul Moonga said that Mr. Hichilema is failing to concede that the appreciation of the kwacha is as a result of reduced government expenditure and improved investor confidence following meetings between President Edgar Lungu and the mining companies.
Mr. Moonga said this in a statement maded available to to the media that Mr Hichilema must learn to give credit where it is due instead of telling lies to Zambians for the purposes of achieving his political ends.
He challenged Mr. Hichilema to be at least honest in his exercise of political power instead of using a twisted tongue to win votes.
Below is the full statement
Sunday, April 10, 2016
We have noted with interest a statement attributed to UNPD president Hakainde Hichilema that the gains recorded by our local currency, the Kwacha should not be attributed to the PF government but global trends.
This is clearly nonsensical coming from the UPND leader who had initially claimed that the loss of power of the Kwacha must be attributed to the PF government even when they knew that this had resulted from the economic slow-down on the international scene.
The fall in Kwacha was purely an effect of those events in the world economy and as PF we have always said that the government of President Lungu will make efforts within its power to address the challenges using local initiatives.
We never said that because the problems were coming from the international scene so they will not be addressed. So we find it disturbing that such an extreme and deliberate distortion of truth could come from Mr Hichilema.
He must know that the economic events world-over remain bad with the price of copper on the London Metal Exchange still at an all-time low but the efforts of President Edgar Chagwa Lungu and his team is responsible for the reversal of the trend as promised on several instances.
There has been reduced government expenditure and improved investor confidence through dialogue between the Head of State and the mining companies thereby increasing dollar in-flows in the country.
As an economist, Mr Hichilema must know this but he decided to distort information to suit his limited political fortunes. This kind of politics is a disgrace and Zambians with moral presence must reject it.
Mr Hichilema must learn to give credit where it is due instead of dreaming of ways of telling lies to Zambians everyday for purposes of achieving political ends. Mr Hichilema’s style of doing politics is barbaric and primitive to say the least and we will not spare him.
While it is true that the world economic down-turn can leave our economy in a bad state, it is only the government which can address them especially that the down-turn is still on-going.
It is therefore immoral and unchristian for Mr Hichilema to emerge from a Church and immediately tell lies to a journalist. We wish therefore, to inform Zambians to ignore Mr Hichilema who deliberately wants to misinform people in order to win political sympathy.
The Kwacha is gaining as a result of the good economic policies, the initiative by the President to engage in dialogue with mining investors and a general reduction in government expenditure.
On Mr Hichilema’s claims that the Kwacha will only be considered to have gained if it reaches K5 per Dollar, it is our considered view that he was hallucinating because he knows that every step the Kwacha takes is an appreciation.
We are aware that Mr Hichilema is disappointed that his only source of hope for winning the election was on the economy which was not been performing very well but things are changing. This means that his main campaign message has been swept off his feet and he is stranded.
He has nothing to say of tangible value anymore since the issues he has been raising are slowly being addressed while he still fails to come out of allegations that he has failed to call for a convention to demonstrate goodwill towards respect for democracy.
As PF, we are challenging Mr Hichilema to be at least honest in his exercise of political power instead of using a twisted tongue to win votes.
Mr Paul Monga
PF Member of Central Committee
HH is a fraud, a liar and a conman..when the kwacha falls he blames the govt when it gains he says its not the govt but external factors..this is why UPND will always be the United Party for National Destruction their only purpose to create panic and anxiety in the nation at the cost of peace and development which PF is trying hard to maintain. UPND as your stingy leader to improve working conditions of his own workers and also to accomodate ba Canisius..but he can’t never because of the same reason he enriched himself from privitsation..selfishness and greed of HH.
2016 ECL nafuti
Ba PF maybe it is because when kwacha depreciated you said it was not PF’s fault but global. Now it appreciates you want to get credit for it. Kikikiki leave this to Mr Kambwili to issue a statement.
Appreciation of any currency that is not based on solid export earnings is bound to fail at some point.
The Kwacha gained because of increased confidence in the mining sector with Glencore looking to invest in a major way in the next five years.
There is absolutely nothing that PF can take credit for in this matter.
This is all HH is trying to say.
let him who has ears listen. Those who can’t listen may take pangas and end up in jail.
Ba HH kuwayawayafye. Very soon he will run out of words to use to de-campaign PF. Dollar is picking due to investor confidence with Glencore’s pledge to invest $1.1 Billion. Power supply will stabilizing, no more mealie meal or fuel shortages, commissioning of new projects. He needs to come up with a new campaign strategy before its too late. Meanwhile his vice president GBM is busy insulting people.
Now PF strategy is to use a Tonga Moonga as a impact supersub for ineffective the 5 PF spokespersons.
Monona is really dull. And insulting to Zambians intelligence.
Does he seriously think PF can ask for our vote after his clueless talk?
The simple fact is that the Kwacha has not strengthened. THE DOLLAR HAS GOTTEN WEAKER!
Monona is just an ignorant arsewhole or simply a plain LIAR!
It is saddeningand unfortunate that each time Mr. Moongas is givena platform by his Party to issue a statement rebutting some opposition statement, he attacks the persona of who issued it. Wondering also how many PF spokespersons are there.
It is saddening and unfortunate that each time Mr. Moonga is given a platform by his Party to issue a statement rebutting some opposition statement, he attacks the persona of who issued it. Wondering also how many PF spokespersons are there.
WHO IS THIS MR. MOONGA AND WHERE IS HE COMING FROM? MOONG YOU ARE THE ONE WHO IS MISLEADING THE NATION. YOU KNOW IT VERY WELL THAT YOUR PF GOVERNMENT IS VERY CORRUPT. YOU GUYS HAVE LOOTED AND PLUNDERED THE ECONOMY. RIGHT NOW YOU ARE BARELY TRYING TO SURVIVE ON BORROWED MONEY AS GOVERNMENT. LUNGU IS A RECKLESS PRESIDENT WHEN IT COMES TO MANAGING OUR ECONOMY. LUNGU IS EXTRAVAGANT. THIS KWACHA APPRECIATION IS A TEMPORAL SCENARIO, MORE OVER, IT IS DUE TO MISMANAGEMENT OF THE ECONOMY BY LUNGU AND HIS MINIONS THAT ZAMBIAN KWACHA WAS ERODED TO BEGIN WITH. AS ZAMBIAN PEOPLE WE ARE NOW SAYING WE WANT A NEW LEADERSHIP. WE WANT A GROUP OF MORE RESPONSIBLE CITIZENS TO MANAGE OUR ECONOMY. THIS GROUP IS UPND. VIVA UPND VIVA! VIVA HH VIVA!
Mr Paul Moonga, Sir, sometimes its okay to say less. These articles will remain on the Internet forever. One day, you will wish you hadn’t said some of these things. What would you do if HH were to win the coming elections this August? You might end up running away from your own shadow!! Lets keep the peace and love.
@Lynch mob misleader:
It is interesting how both sides want to spin issues, isn’t it? Yes, when the Kwacha was in a downward spiral, HH and his UPND henchmen were busy heaping all the blame on Edgar/PF Govt. Not too long ago HH issued statement after statement lambasting PF/Edigar how he has failed and should STOP blaming EXTERNAL FACTORS for the falling Kwacha. Now, if HH/UPND really believed that “external factors” have nothing to do with the falling value of the Kwacha, why has he now found it convenient to credit the very “external factors” he seem not to believe in for the Kwacha gaining its strength? And why should anybody, especially people like HH, blame PF/Edgar for taking credit since UPND/HH have always argued “external factors” do NOT affect the Kwacha?
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You know what @Lynch mob misleader, this kind of flip flopping by HH gives cridence to why a number of people doubt his training as an ECONOMIST. Because if he really is a smart, qualified and experienced economist that he claims to be, issues of exchange rates would be the least he should be touching. For world currencies fluctuate in value all the time depending on world events. Especially for small economies such as Zambia that depend on USD but have very limited control on what happens to its value and supply.
This should NOT even make the list of his campaign items. HH should base his campaign on UPND policy instead of Daily News Headlines. Policy is a bit constant and gives depth to the candidate—TRY THAT HH!
I must be ‘blind’ but I can’t ‘see’ any appreciation of the Kwacha. The $USD is still selling above ZMW 10 Kwacha. Last time, almost this time last year it was around 5 Kwacha so what appreciation are we talking about here? I have some kwacha sitting in a Zambian bank and I’m still waiting for the kwacha to really ‘appreciate’ and strengthen before I could convert them back to the USD.
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By the way @Lynch mob misleader, Glencore must have heard something assuring in those STAKEHOLDER MEETINGS with the Govt for them to have such confidence as to invest more money in their mines. Maybe it is the Tax streamlining which the Zambian Govt just announced not too long ago that have made Glencore to rethink their long term prospects in Zambia. So YES, Govt has a lot to do with the cultivation of confidence.
Because, quite frankly, we are NOT hearing a lot of similar stories from around the world where such investments in mining are being made. Not even here in the USA where mining is still a huge part of the economy. So there must be something right that the Zambian Govt is and has done to attract such colossal reinvestments in the mines.
FELLOW ZAMBIAN, THIS ONE MAN CALLED HH SCARES A LOT AND MY CHALLENGE GOES TO SO CALLED MEN AND WOMEN OF GOD WHO WENT TO PRAY WITH HH. LADIES AND GENTLE MEN, I WANT TO ASK YOU THIS QUESTION ABOUT YOUR PREFERRED MAN FOR THE OFFICE OF PRESIDENT IN ZAMBIA. KINDLY TELL WHEN WAS THE LAST TIME DID YOUR MAN TALKED ABOUT GOD. THE ONLY TIME THIS MAN TALKS ABOUT HIS CHURCH THE SDA IS WHEN HE IS CONFRONTED CONCERNING HIS POSITION ON THE CHRISTIAN FAITH THAT WHEN YOU WILL HEAR HIM SAY THAT AM SDA, APART FROM THIS I HAVE NEVER HEARD THIS MAN TALK ABOUT GOD. PLEASE TAKE EDGED TO MY ADVICE THIS MAN CAN TURN OUT TO BE SOMETHING ELSE ONCE HE GETS INTO STATE HOUSE. I THINK WE ARE BETTER OF KEEP EDGAR. C. LUNGU. THE MAN ECL IS A HUMBLE GUY, SERVANT, AND HE IS A TEAM PLAYER YOU WILL NEVER HEAR HIM SAYING I,…
WHEN DID YOU LAST HEAR LATE SATA OR RUPIAH BANDA TALK ABOUT GOD EVEN WHEN WHEN THEY WERE ALREADY PRESIDENTS? EVEN MWANAWASA. THOSE OBSERVATIONS ARE TRIVIAL FOR NOW. IF HE IS ALWAYS PRAYING TO ALMIGHTY GOD WHEN HE IS ALONE, WHO ARE WE TO JUDGE HH? HH IS A CHILD OF GOD. CLEAR AND STRAIGHT FORWARD. VIVA HH VIVA! ZAMBIA FORWARD.
Ha Moonga and Ha Bwalya hired Tonga assassins against HH.
PF goes tribal in reverse….setting brother against brother. It’s a sin. Read Proverbs.
Guys, HH is right. The government has not done anything to strengthen the Kwacha. The US Dollar has weakened against the South African, Botswana, Malawi, Zimbabwe, Lesotho, Swaziland, Namibian, Angolan currencies, in fact against all currencies including weakest ones like the kwacha. So Ladies and Gentlemen, it is not about what the Zambian economy did!!!!!
UPND should look for another leader is at all they want to move forward…not this flight HH…he has no message and hope for the Zambian people…come June 2016 when power supply will have stabilized in the country, new crop, harvested, more jobs created (especially on the CB)…HH will run out of campaign material
What do u expect from HH and his ingombe ilede economic policies.
@semlwe and many of you dull PF Cadres are you telling me that you are not aware that the US dollar has weaken world wide due to US election campaigns.It has nothing to do with PF.
But Mr Moonga is also Tonga
BA TRUTH KUWAYAYAFYE, WE KNEW OUR TWO LATE PRESIDENT NAMELY MWANAWASA, AND SATA VERY WELL MWANAWASA WAS JW BECAUSE HE BECAME BAPTIST AND HIS PASTOR CHANDA CAN BEAR WITNESS, WHILE SATA WAS A CATHOLIC HIS FATHER CHILINDA CAN BEAR WITNESS AND AS FOR RUPIAH BANDA HE IS JW.
YOUR HH IS NOT A CHRISTIAN FULL STOP, WE ARE NOT JUDGING HIM BUT STATING THE TRUTH LIKE YOUR FAKE NAME, LETS LOOK AT THE FRUITS THE MAN HH IS PRODUCING, HATRED, JERIOUS, SELF-CONTENTEDNESS, ALL THIS IS NOT OF THE SPIRIT ARE YOU TELLING ME THAT EVER SINCE LUNGU BECOME PRESIDENT OF ZAMBIA HE HAS NEVER DONE ANYTHING THAT YOUR HH CAN CONGRATULATION HIM ALL THE TIME LUNGU HIS A FAILURE COME GENTLE MEN LETS BE HONEST FOR ONCE.
Ubukopo abantu. The kwacha has appreciated because the dollar has weakened. Most currencies have appreciated at the same time as well I.e the rand, pula, Canadian dollar
There is nothing the PF has done to warrant strengthening of the Kwacha
How Much Is The Dollar To Kwacha ?
Ati its not response to Govt Austerity measures. These United Party for Naked Devils will never appreciate anything that Government does ! Even if PF said mealie -meal is now free, they will find a complaint one way or the other ! HH has just shown us his desparation
Actually free mealie meal is a disaster economic management and must be condemned by any sane person… so who do you think would pay for such freebies.
For the record, while it is good to give credit where it’s due, his main job is to opposite the government… that’s why he’s called the opposition leader.
By the way, it’s possible to have a collapse of a currency caused by mismanagement and it’s appreciation caused by external factors. It’s not a one to one direct relationship. I’m not saying that’s what happened but that can happen.
As things stand in Zambia, no political party or it’s leader is principled enough to change Zambia for the better. They are all the same.
Ala imwe Lungu natumusamfya alemoneka bwino elyo kabili ati change muleta ka kateka kambi akafiko ku state house awe mukwai nifwe mwamona abakuletela tukateka twafiko cilamwaka. Tamwaishiba ati its very expensive to make a president presentable. Ba UPND we are sorry Zambians are not interested in that change
The Rand and other currencies have also gained against the dollar, is that due to lungu as well???.
Whe it depriciated,it was Edgar,when it gains its international factors.What is this nin sense
Lungu found the kwacha at K5.20. How can we start rejoicing that it is now at K9.65? Where are the 500,000 jobs promised by Lungu? Where are the 300,000 jobs in tourism promised bu Jean Kapata?
Mr Moonga, how can you be rejoicing over such an insignificant gain?
Iwe we are talking about the Kwacha appreciating and not jobs, why do you deliberately divert from topics? Ulicikopo together with your under 5 HH !!
When the kwacha depreciated HH blamed it on economic mismanagement by the PF government and denied that global economic factors were responsible for this. Now that the kwacha is appreciating, he is crediting global economic factors for this and denying that the PF government has played an important role in this. HH is not an easy person to understand or like.
Reduced Government expenditure and investment confidence I have underlined those words. That central committee man is quite slow in his thinking and shallow analysis. Copper hasn’t remained at its all time low it made some marginal gains. Some activity in the Chinese economy. Lets wait mark the Words Reduced government expenditure and investor confidence
@the Statistician:
It is all these factors put together!
So, YOU are right and the CENTRAL COMMITTEE MAN is also right!
What is wrong with BOTH of you being RIGHT and the Zambian economy and people benefiting as a result???
Ba PF the appreciation of the kwacha has nothing to do with you, let it not be political the few exporters we have would appreciate a weaker currency
Kwachach against dollar will soon be K7, meal meal will be at K65, no load shedding, new schools, new hospitals, new roads and good harvest. The Bible has said it, the prophets have said it and now the economy is saying it. Ba UPND what are you going to campaign against? Lets just be Zambians and work together becoz Lungu is winning like in Uganda, Djibouti and now chad
Assage
Firstly well done for not comparing Lungu to God or any of the prophets. Read Acts and what happened to a certain ruler who was eaten by maggots. Our Lord God is holy, immortal and does not share praise with any being.
All of us as a nation want Lungu to do well and bring good fortune especially to the poor. However it would be deceitful to suggest that the economy has improved. The tide is turning, yes or so it seems. And yet the deficit is still too wide to claim that he has made gains on the economy since he found dollar at K5. This is the reality. Mealie meal at K38. That the fact.
Once he beats these marks, then we should all give him a standing ovation.
@Zm the price of Copper our main export and forex earner had dropped by over half, as a result the ZMW fell for the simple reason less forex was coming in alongside this we had less investment in the mining sector, the govt allowed for the export of maize which helped cushion the effect alongside other measures. Ultimately one can say yes we have been victims of the global economic down turn however the measures put in place by the govt have been exemplary and applauded by the IMF, World Bank and other international financial Institutions.
@ 1mbecile #11
instead of posting crap, try to concentrate on your performance when sucking to Plunderers Federation. Remember, only tong and lips. Be careful not to spill load on the Chinese carpet.
Even if the kwacha was to be at 2 kwacha per dollar I can not vote for pf. These guys are fake. Very fake. Bakabwalalafye.
The bottom line is that HH and UPND supporters blamed lungu and PF when the kwacha and mines had problems. Cant we find a law that can fix such people who mislead pipo?
@ assage
You are right. We do need law which will prevent 1mbeciles like you sucking to Lungu and spilling load on Chinese carpet paid by Euro-bonds.
The dollar’s three-year advance is coming to an end as central banks recognize a strong U.S. currency is not in the interests of the global economy, according to Thomas Kressin, Munich-based head of European foreign exchange at Pacific Investment Management Co.
-Bloomberg-
So this is a global trend, nothing to do with good policies!!
What does the UPND constitution say about holding conventions? If internal democracy was practised in UPND, the wise, physically fit and gender sensitive GBM might become its head whilst being a PF MP!
Ctn Some over zealous UPND commentators keep mentioning the ZAR (South African Rand), that currency had dropped to ZAR 18 to USD 1 and is now only back at ZAR 15 so to those overzealous UPND and HH supporter who put their emotions and personal interests above solid facts please do not lie, stick to the truth. The PF govt is working hard to improve the lives of all Zambians, let’s give credit where it is do the Farmer Input Support programme has helped so many farmers and as a result despite the forecasts of doom from HH we are expecting a bumper harvest. Give credit where it is due.
2016 ECL nafuti.
But the rand got more buying power than your pf Kwacha. Hope you have head of buying power or else you need to start Grade 8.
Imwe ba Moonga, who told you that satanist can appreciate. Stop worsting your precious time.hh is a freemason and a tribalist who sees only the bad things in good people especially christians.
Its like everything is coming to normal. kwacha, meal meal, load shedding, copper and now students. UPND didn’t start well its like they built their house on the sand(they chose to be deceptive) They have now entered June without blankets.
Ladies and gentlemen are we going to be fair to vote PF out if it is a global trend? PF and UPND said its global.
The appreciation is triggered by the confidence in the mining sector coupled with the panic selling of USD by vendors who thought kwacha will at one point hit K30.00. The appreciation of kwacha will continual this week and its expected to hit K8.00 by 20th April.
That’s right it’s global trends,don’t let PF cheat you.Why has the Rand of S.A ,Rubo of Russia and Japanese Yen appreciated at the same time with Kwacha against the major world currencies!
Next time when the Kwacha start to slide again, I hope will have some B@LLS to also blame “global trends”! If CONSISTENCY was a PILL I am sure UPND folks would be allergic to it. God have mercy!!
HH HAS BECOME USELESS HE IS NOW IRRELEVANT IN OUR POLITICS.A MAN BENT ON BRAIN WASHING INNOCENT PEOPLE WITH LIES.SHAME ON HIM.
Thanks to the comments by the head of Tresury in the USA over interest rates, PF finally have a life line which they will abuse.
That’s why a SMART politician is not suppose to stake their political life on Daily News Headlines and issues they have no control over.
Policy articulation works better than basing your entire electoral campaign on factors the word of “the head of Treasury in the USA” has more influence than what HH/UPND or Edgar/PF says or does.
I hope this is a BIG LESSON to your HH and all you UPND sycophants!
HH said that when the Kwacha depreciated, it was said by those in power that it was global (partially so i agreed with them) and now that its appreciating, those in PF should be magnanimous to say its (partially) global also. thats what HH’s statement said except the partial part that i feel is what he should have said.
OKAY THEN ,IF THE KWACHA HAS APPRECIATED THEN EXPLAIN WHY YOU ARE INCREASING YOUR FEES AT UTH BY 30%
Why are they using Moonga to attack HH everyday. First they had tried Frank with his claim that he’s Chiyabi. UPND needs to widen its communications team to counter people like Moonga while HH concentrates on the economy & governance.
The problem with PF is they are not saying what they have done. Moody’s told us Glencore’s expansion is boosting the dollar availability, so give us the actions you have taken for the kwacha to appreciate.
this is total madness from UPND when we told you that its global you said no its because of EL’S incompetence then, today when things have started getting better t you say its global trends. shame on you ichilema & your blind supporters.
1. SAB Miller commissioned a $32million opaque beer (chibuku) plant on 06 April graced by Minister of Commerce, Honorable Margaret Mwanakatwe in Lusaka.
2. Sumitomo Rubber South Africa (SRSA) trading as DUNLOP in conjunction with Auto Tyre Worldwide Limited (AWL) announced plans to open 4 outlets in Zambia to enhance distribution of Dunlop tyres.
3. Mansa Sugar cane plantation worth $25million was launched on 05 April, at a ceremony graced by Vice President Honorable Inonge Wina. One thousand one hundred jobs will be created in this vein. This development will bring change to the town of Mansa in Luapula Province.
4. Gemfields generated over $30million in emerald auction where 469,000 carats sold. Gemfields owns 75% of Kagem Mine attained a record $70.67 per carat average price…
Lets compare the kwacha with other currencies other than the dollar to see if it has really gained
A lot of talk and little substance.
Badala Moonga, Mr. Hakainde Hichilema is not an economic theory or factor and spend more of your effort discussing him. Please, elaborate more with statistics on the following for the nation to appreciate you more with your good work:-
1. reduced government expenditure;
2. improved investor confidence.
If need be, how can the citizens and residents alike help you to achieve your proposed target exchange rate of K5 per Dollar quickly. We are tired of looking for more Kwacha cover to pay for our international examinations, imports of goods and services including medicines.
the depreciation of the kwacha was global according to grz. the so so called appreciation of the kwacha is also global because it has not appreciated but the dollar is in free fall period. znbc news announced that its due to austerity measures by pf, can someone tell me which austerity measures have been implemented apart from raising the failed interest rates? glencores investments started in 2012 not 2016 you people. sinking of shafts by marry and roberts is not a new project.
The stabilization of the kwacha,availability of mealie meal and heavy investments in power generation and the massive infrastructure development country wide within a record time of 5 years only is making ba up and down have political diarrhea.Their wish was for the people of Zambia to continue suffering and then gain political mileage to win elections.God is in control.
True God is in control and will not allow a free mason to be at the helm of this Christian Country
The bottom line is whether those holding $ positions are liquidating them to put their faith in Kwacha.
As of now, I wont reallise the exchange loss on my $ portfolio and will concentrate to make up on the Kwacha portfolio. It just feels safe to have that $ egg nest……kkkkkk
MMD of RB lost because they didn’t people counter the lies of one cobra sata. PF has been forceful from opposition and now ruling. HH must know that Pf sailed through because they were smarter in convincing Zambia and to think telling lies will make Pf loose grip is a joke.
We in Pf knows very well how to defend and support ourselves and for to be trading on lies as a way of winning the elections is being suicidal.
Where is that numbskull Larry Mweetwa aka wanzelu these days? Him and his mindless cohorts of the rabid ZWD crew need some more sense to be pumped into their minute brains in preparation for another defeat of the Hungry Hyena at the Polls..we are getting it in style once again come August. HH is a risk on peace, stability and equality for all Zambians and we won’t allow such a menace as evidenced from comments by the United Party for National Destruction members both here and on rabid ZWD.
2016 ECL nafuti
@2020vision who the hell are you to say we wont alloq HH to rule because he is a risk?A risk to who?Let me pump sense in your head and listen good.We in UPND we mean business and no one can manage to silence such a big party in Zambia.Zambia will never be the same after 2016.I can asure you L:ungu and PF are going.
DONT EVER GIVE THIS HARD HEADED , HARD HEARTED , HARD HATRED MAN A SINGLE. HE BRAGS ,BOOST AND CLAIMS TO KNOW TOO MUCH.
But he said he would appreciate when it gets better than the K5 they found it at. Are you deaf to that part of the statement?
If HH failed to give credit to PF over Kwacha gains, he should have at least accredited it to God and not to external factors. Why has HH found it so difficult to recognize God in many issues. Surely he should have remembered the national prayers we had and connected to that Kwacha gain. Moreover coming from a church meeting at least he should have mentioned God. I doubt whether he could even thank God in an event he won an election. Money is not everything. Personally I am disappointed.
HH and his e United Party for Naked Devils have just lost it. Wait, many more God’s Answers to the PRAYERS YOU SHUNNED are coming and Gods people in Zambia will vote for a God-Given leader and by the way its not HH !
Hey, hey….stop it right there!
Lungu is your choice and not God given by a long shot. Look at the destruction of the economy:
1. depreciated Kwacha from K5 to K10 till recent
2. increased mealie meal price to K150 from K35
3. increased loans to some $9 billion
4. took inflation to some 20% from 6%
What are you doing accusing God of giving you Lungu when he ascended to power based on nothing but pangas and Sata death sympathy vote.
Sugo 2016… I hate to break it to you…but you can’t see the future but every well meaning Zambian can feel the pinch of living in a mismanaged economy. so sit down you.
Sugo 2016… I hate to break it to you…but you can’t see the future but every well meaning Zambian can feel the pinch of living in a mismanaged economy. so sit down.
The country does not need a very strong Kwacha but a stable one. A very strong kwacha affects productivity in the Mining Industry as well as the Non Traditional Exports such as Tobacco and Cotton. A lot of People have mentioned Mwanawasa as the best President Zambia has had in the recent past due to the strong kwacha at K2500/Kwacha (Old currency) at but statistics beg to differ and figures do not lie. During that time, the cotton and tobacco industries almost collapsed due to the strong kwacha. You may insult, cry or shout but statistically, RB was the best President of our recent past. The Cotton and Tobacco industries rebounded as well as the maize output. Most of our maize comes from Peasant farmers and what he dis was to deliver inputs in time (No rocket science I presume) – Read…
Only an ***** can vote for the chakolwa ***** lungu.
) – Read the book by Andrew Sardanis – Zambia, the 1st 50 Years for a better insight
I am convinced our beloved UPND is headed for doom beyond August and it will be time for HH to retire and concentrate on milking his animals.
@annoymous and sido mark…from your usual dull and emotional comments I think my point has been made clear. In 2008 you were screaming like demon possessed fools HH-HH, 2026 you’ll be singing the same song.. poor souls you need deliverance.
“Madness is doing the same thing over and over again and expecting a different result.” Albert Einstein
2016 ECL nafuti
@ 1mbecile #47
instead of posting crap, try to concentrate on your performance when sucking to Plunderers Federation. Remember, only tong and lips. Be careful not to spill load on the Chinese carpet.
PF GOVERNMENT, PLIZ PLIZ, WE HAVE ALWAYS SUPORTED YOU GIVE US OUR PLOTS IN DORA HILL, NDOLA.
REMEMBER THIS IS A YEAR OF ELECTIONS WHERE YOU CANNOT ALLOW NDOLA CITY COUNCIL TO PUNISH PEOPLE THE WAY THEY HAVE DONE AFTER GETTING THEIR K 500.00 NON REFUNDABLE FEES.
MR KAMPYONGO WHEN ARE WE GETTING THESE PLOTS? REMEMBER YOU PROMISED US TO SORT OUT THIS ISSUE.
Ba Lusaka Times please allow me to respond to the usual insults from the likes of ZWD/UPND blood thirsty lunatics such as fake-anonymous and !diotmark.their comments are a true representation of the general UPND mindset which is to complain and not offer solutions, they have failed to assist even their own how is it possible with such selfish habits they can help the nation as a whole?All reasonable thinking Zambians will not risk such lunatics to rule Zambia.The economy is picking up thanks to good plans by the PF govt which have been applauded by IMF and World Bank. 2016 ECL nafuti.
@ 1mbecile #49
instead of posting crap, try to concentrate on your performance when sucking to Plunderers Federation. Remember, only tong and lips. Be careful not to spill load on the Chinese carpet.
You Can Not Win By Insulting People Ba Upnd.Now Kwacha Is Gaining Power But You Are Not Appreciating, Mr Moonga Is right Koma Chimbwi Uyu H H No Plan Go Back To School To Study Political Science.
@ Nicholas
How come saying truth can become insulting? If we have geriatric 1mbecile as MoF, is that truth or insult?
Or if we have President who has been CONVICTED twice in the High Court on charges of EMBEZZLEMENT, is that truth or insult?
As to studing political science, please refresh our memory and name just ONE “learned” (LOL) member of Cabinet (or of Plunderers Federation) who has published at least one book on the subject that qualify to be cited in Zambian High Court, never mind in Commonwealth never mind in any other jurisdiction in the World.
You should go back to school!!!
Excited little men in PF. Nothing will save you from exiting power in August 2016. When you won by 1% on 20th January 2015,the exchange rate was K5 to a dolla, there was no loadshedding, cost of leaving was 8 times lower than now, mealie meal was K55, un employment was 3 times better than now, farmers were 5 times happier than today. For us to vote for you in August you need to improve all the above to the levels better than you found them. For now its bye bye cholera. No sane Zambian who is not a hardcore tribalist will vote for you. By the way, PF had already lost over 40% of its 2011 support among Zambians even before SATA died. So, don’t use these simple over night exchange rates movements as basis for you to be voted back. Issues are more serious than that.
Good governance coming soon. Thank you for the realisation and the pressure opposition is giving. We need checks and balances for the economy to pick up.
The country is still experiencing hardships which common man is facing.
My advice is that you need to work hard to survive the pressure, people are hard hit.
correction here ba PF; H H is being sincere on the dollar. It is not because the government has dropped expenditure but the fact is that the dollar is tumbling all over the world. Do people not watch foreign news? The dollar is a world wide thing and not anything the PF is doing.
@lucy excited little cretin that you are please dream on..the voter turn out in pro UPND areas was above 80 percent where as in PF only 20 to 40 percent in last years elections check with ECZ for those figures you cretin and get back to me to prove whether I’m right or wrong..this year we are getting 90 percent PF voter turnout only a delusional or demon possessed chap like you and yours think you are taking it this time round..besides some of us have a track recored of being correct whereas some of you since 2008 have a track record of being wrong..PF is working hard and most Zambians despite the hardships see this. 2016 ECL nafuti.
STOP YOUR STUPID LIES.
@ 1mbecile #54
instead of posting crap, try to concentrate on your performance when sucking to Plunderers Federation. Remember, only tong and lips. Be careful not to spill load on the Chinese carpet.
This tissue called kwacha has not appreciated in any way. On friday it was at 940 to a pula. Today it is at 951 to a pula. Which appreciation are you talking about bafikala?
We want the prices of essential commodities to go down if you are sure that you can sustain this gain.
WHEN THE KWACHA COLAPSES, IT IS GLOBAL, WHEN IT GAINS, THE PF IS WORKING
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The problem with Mr Kambwili is that he is too dull to understand sarcasm. HH is simply saying to Mr Global that he is on record as telling Zambians that the depreciation of the Kwacha was because of “GLOBAL FORCES”. Why should the appreciation of the Kwacha be attributed to the PF and President Edgar Lungu? This is why they say that lies have very short legs indeed. If the PF were truthful to the Zambian people and admitted their failure on the depreciation of the Kwacha, they would have claimed credit now that the Kwacha has appreciated.
I have seen Kambwili claiming credit for the pledged investments in the mines. But when the mines are pulling out, he says it’s…
Double Standards ba HH
Oil, Kwacha, electricity had nothing to do with PF
Zambia’s kwacha marched to its firmest in seven months against the dollar on Thursday as sentiment received a boost after Moody’s said mining giant Glencore’s investment in new copper mines in the country would lift growth. By 1440 GMT the kwacha had extended gains to 5.29 percent, trading at 9.8600 dollar, a level the copper-producing southern African country’s currency last touched in September. Traders said Moody’s comments, rising copper prices and dollar sales had buoyed the currency. Glencore has said it would invest over $1.1 billion to sink three copper mine shafts in Zambia. [nL5N172270](Writing by Mfuneko Toyana; Editing by James Macharia)
I meant to say it was due to global factors and not PF failures
What do you expect from this chap called Honorable Hyena (HH)
You attack his person coz you’ve got nothing to bring him down with!! He is educated, young, good-looking, healthy, rich, the list goes on. It’s him that we want and NOT CHAGWA!
HH is the man for Zambia!!! We are tired of poverty-stricken people who come into government to enrich themselves and their relatives! HH doesn’t need to steal from government coffers because he is already rich! All of you cadres associated with the plundering of the government coffers will be frisked and bank accounts perused after your term of office ends in August 2016. Fresh jail cells are awaiting you PF cadres, including all of you killers and machete wilding maimers!
The Kwacha is still trading at K15,360.00 to a pound and K10,800.00 to a dollar .These are marginal appreciation you are getting worked about.Shame on you corrupt PF caders!
To all 1mbeciles supporting Plunderers Federation:
If Kwacha has become “strong” (LOL) again, how come goods shelf prices have not come down?
1mbeciles, dollar depreciation has been caused by Federal Reserve maintaining interest rates at 0.5% and US commercial banks lending rates @ 3.75% to 4.5% whilst our BoZ rates are at 15.5% and commercial banks lending rates are between 34% to 46%!!!
What f*cking appreciation of Kwacha you are blabbing about? Bag of staple food at kwacha 85.00 last week was equivalent to USD 7.77 and today is USD 8.50 !!!
Do you understand now you brain washed uneducated 1mbeciles?
THE KWACHA HAS GAINED BECAUSE THE US DOLLAR IS WEAKER – EVEN IN SOUTH AFRICA THE RAND HAS STRENGTHENED. IT HAS NOTHING WHAT SO EVER TO DO WITH GOVERNTMENT POLICIES!!!!!!!!!!!!!!!!!!1 WHEN THE DOLLAR GAINS STRENGTH THE KWACHA WILL WEAKEN AGAIN !!!!!!!!!!!!!!!!!!!!!!!
Ba upnd finshi mufwaya when the kwacha is weak you blame lungu and his government and when it gains lungu has nothing to do with it .
Ikalenifye tondolo you have nothing to tell us
Even a gorilla in the Ituri Forest knows that the weakening of the dollar has made currencies such as the Kwacha, Rand, etc. to seem like it’s these currencies that have strengthened. The strengthening of the Kwacha or the Rand or the Pula, is definitely due to the governments’ curbing of capital expenditures! HH is actually right!
The strengthening of the Zed currency is definitely NOT due to the government’s good policies nor the reduction in government expenditures. It’s simply the WEAKENING OF THE US DOLLAR AGAINST SUCH CURRENCIES!! KWASILA!! The fraudulent claims that it’s due to the government policies is just that! FRAUDULENT !!
I have very little understanding of your economy. I sit across the might river in Kasane. I use a site called Historic Exchange Rate. I happened on this site because I had run a comparison of the Rand, the Pula and the Zambian Kwacha against the $. The comparison clearly shows that the Kwacha gained significantly in April whereas the Rand did but to a much lesser extent and the Pula did not. This surely makes HH’s statement nonsensical.