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Saturday, October 31, 2020

Latest Zambia’s Human Development Report shows need for diversification

Economy Latest Zambia’s Human Development Report shows need for diversification

Maize at Chisamba Agrotech EXPO 1263
Zambia’s latest Human Development Report has indicated the need for the country to diversify its economy through prioritization of its manufacturing and agricultural sectors.

The report has revealed that these sectors have created productive employment at a much faster pace than mining and indicates that productivity in these sectors is likely to lead a path of inclusive development and poverty reduction.

And in a speech read on behalf of Republican Vice President Inonge Wina by Commerce, Trade and Industry Margaret Mwanakatwe during the launch of the report, Ms. Wina says government is already implementing a number of initiatives aimed at addressing the challenges being faced by micro small and medium enterprises (MSMEs).

Ms. Wina also says government is aware that the growth of the manufacturing sector remains critical in diversifying the economy.

And UN resident coordinator Janet Rogan says industrialization can help diversify the economy and increase productivity of capital and labor while helping the private sector to increase and sustain economic output through value creation.

And Zambia Chamber of Commerce and Industry (ZACCI) President Geoffrey Sakulanda says it is true that in spite Zambia recording a continuous GDP growth over the past decade, poverty has continued to increase citing that this is so because developmental efforts are concentrated along the line of rail.

The theme of the report is “Industrialization and Human Development, Poverty reduction through wealth and employment.

9 COMMENTS

  1. What a bloody joke! The need for diversification of Zambia’s economy is as ancient as the Broken Hill Man.

    • I really have no idea where people get this zeal of singing diversification, and yet go to get sit and continue to rely on mining as the main source of forex every day, from 1991…Why don’t these !diots just shut the fuk-up for once…We have heard this rhetoric from every Zambian presidential 1d!ot from Kafupi days, but noone takes affirmative action to implement diversification….I hope HH is listening too…there is so much mediocrity in Zambian politics, boring every intelligent voter to death.

    • 1 – 3 Just keep quite if you have nothing to contribute here. This explains why HH will Lose again come August 11. You fail to debate wisely all you know is insulting a sign that you are empty tins pretending to know alot just like your Pathetic Liar HH

    • Diversification! Diversification! Diversification! Diversification! It was MMD`s song and now its PF.
      MMD messed up the foundation for economic diversification which KK left. As for PF, it`s worse, because they`ve no clue, to start with, what constitutes economic diversification, that said, we cannot even start a conversation on whether or not, PF can drive the diversification agenda.

  2. Empty tins singing the same song everyday yet commiting billions to overpriced roads of poor quality.

  3. Agree with Jay Jay how many times have we heard the same tune on diversification and the importance of agriculture they must be a hundred of studies done but GRZ has done whether it’s MMD or PF….. Look the progress being made by our friends in Ethiopia and Rwanda in some ways copper can be a curse

  4. Which industrialisation are you talking about you Hypocrites. UN resident coordinator Janet Rogan you are the ones through your Agencies IMF & World Bank who prescribed the medicine of selling all parastatals because you believed that it was cheaper to outsource by bringing in chain stores. Now its the same chain stores who are inflicting poverty on Zambians. They hike prices on goods & services everyday regardless of change in wholesale prices. When Kwacha depreciated they hiked x 3. When it gained they kept quiet but again they have started hiking prices after its slip & when Rand stumbles they increase mercilessly.

  5. diversification, my foot. please stop ukutumfya. we’ve heard this song for so long actually even the technical people have forgotten how to diversify except in their presentations. successive governments have made our agricultural based people more reliant on them by placating the issue of diversification. stop talking about it just act if you know what to do.

  6. Diversification! Diversification! Diversification! Diversification! It was MMD`s song and now its PF.
    MMD messed up the foundation for economic diversification which KK left. As for PF, it`s worse, because they`ve no clue, to start with, what constitutes economic diversification, that said, we cannot even start a conversation on whether or not, PF can drive the diversification agenda.

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