President Edgar Lungu says government will revive rice growing in Western Province.
President Lungu said his government will consider establishing a rice plant as well as an abattoir owing to the abundant livestock and fish species in the province.
The Head of State said this in Limulunga district, when he paid a courtesy call on the Litunga, King Lubosi Imwiko the second at his palace.
President Lungu said that resuscitating the rice and livestock industry in the region is the best way of diversifying the economy.
He said the plants once established would create jobs for the people and help reduce poverty levels in Western Province.
President Lungu also
And Litunga’s representative Induna Twaleti commended President Lungu for his good leadership style.
The Litunga said Western Province and Limulunga in particular has received it’s share of national development.
He also praised the Head of State for being an advocate of gender equity through the appointment of Inonge Wina as republican Vice President.
The Head of State was accompanied to the palace by First Lady Esther Lungu, Vice President Inonge Wina, Western Province Permanent Secretary Mwangala Lyomba and senior government officials.
President Lungu later held private talks with the Lozi King.
should have done so as matter of urgency starting January 2015….why only now
DIASPORANS, time to ring back home speak with all your relatives – if they had any doubts ABOUT PamaFI, just DIRECT THEM TO THE CONSTITUTIONAL COURT RULING!!! NEXT 48 HRS, PHONE ALL YOUR KITH & KIN – TELL THEM IT IS TIME WE BOOTED OUT PamaFI!!
Vote WISELY 11/8/2016!! VOTE ZAMBIA FORWARD!!! VOTE UPND!!!
“OPERATION WATER MELON!!! Aka GREENY na Aka REDDY!!!”
#MURDERERCHAGWAMUSTFALL!! #PamaFikuyabebele!!!
I thank you!!
Too late bwana you should go and revive your bar hall in Chawama
Ubufi ewe! With what money???? Bloomberg says—
Zambia Debt Costs Set to Soar After ‘Terribly Wrong’ Budget Call -June 18, 2015
Zambia’s plan to plug a gaping budget deficit by more than doubling foreign bond issuance is sending dollar-borrowing costs to 14-month highs. It could get worse, according to Oliver Saasa, a consultant who was briefed about the plan to raise as much as $2 billion in Eurobonds by a Finance Ministry official. The southern African nation may have to pay as much as 10 percent for the new debt, about 2 percentage points higher than yields on existing securities, he said.
Zambia’s finance ministry said last week the deficit would swell to more than 6 percent of gross domestic product, compared with a previous target of 4.6 percent, after the government…
.. after the government exceeded budgeted expenditure and reversed a planned increase in mine taxes at a time when low copper prices are crimping revenue. That’s optimistic, according to the International Monetary Fund, which said in a report on Tuesday the shortfall could widen to 7.7 percent even with proposed spending cuts and a government salary freeze.
“I don’t know how they could get it so terribly wrong,” Saasa, the chief executive officer of Premier Consult Ltd. and a director at Stanbic Bank Zambia Ltd., said by phone from Lusaka, the capital, on Tuesday. “They are definitely going to get very expensive,” he said, referring to the planned Eurobond sale.
Yields Jump
Yields on Zambia’s $1 billion of dollar notes maturing in April 2024 jumped 39 basis points on Wednesday to 8.21…
“If we go to the bond market we’ll go to the bond market,” he said.
Chikwanda cut this year’s economic growth target to 5.8 percent from a previous estimate of more than 7 percent. Zambia will save an estimated 5 billion kwacha ($673 million) through “rationalizing” spending by starting new projects only when current ones are completed, he said.
Increased external borrowing may lift Zambia’s annual debt-servicing costs to about $500 million, from $150 million, Chikwanda said. Moody’s Investors Service last month cut its outlook on Zambia’s Eurobonds to negative, citing increasing debt costs as one of the reasons.
In its report, the IMF expressed concern that Zambia’s increased reliance on external funding may place too great a burden on state finances and urged the government to avoid “excessive” foreign debt. Other measures, including tax increases, should be used to narrow the budget shortfall, the IMF said.
“It would be prudent to limit debt-financed spending to critical public infrastructure projects,” the Washington-based lender said. “If the deficit is not reduced, the fiscal position will become unsustainable.”
This guy is still promising to do this and that when he had a chance to do exactly what he is promising today? Let’s be serious people. This is madness.
How can you Lazy Lungu promise to revive the Rice Industry when you do not have any Food Diversification Policy or Program still heavily reliant on maize…its clear this bum is simply thinking of getting a loan at high interest rate with no vision whatsoever.
Asabaila Lungu ahaha! Utunyelele twamusuma kikikki! OMG!! I will give you this! I will give you that! I shall revive this and that kikiki. If you want a swimming pool for your home he will promise you that too haha! He will revive your crops too. What a sad break up indeed. The love affair between Lungu and his girlfriend Zambia has been broken by lies, cheating, police brutality, corruption, stealing from the poor, killing innocent civilians, tear gassing children, youth, mothers and grand mothers, does not pay hard working Zambians salaries, charters private jets, throws people in jail who don’t see eye to eye with him, drunk while on duty, etc. The relationship has always been one sided and completely broken and time to go our separate ways. You had fun while it lasted. You can keep…
your time is up, the worst in zambian history full of threats. You spent all your time just flying around zambia and the world. never were you in state house. opening shopping malls, fuel station. Blocking public media, using the police to kill innocent citizens. What a useless failed leader and all they say he is humble.
No is noit humble but effect of beer, even as a lawyers no knowledge. My son who is in Grade 8 knows that once Parl;iment is dissolved Ministers stop working. Foolish excue that they need to hand over. But we all knew that it was a way of stealing.
Now they have to pay back the following;
1. Salaries 2. Allowances 3. Cost of Policemen who gurad them, Gardners and House servants 4. Air Travel trips they madeand return cars they bought last week as ministers, the list…
This dud is strange!!! Why didn’t revive it all this time? Fake promises are expired now, no one will fall for that. Even the Litunga is coming out strange, which leaderships style is he praising. Anyway kids chat!!!
Bufi,you didn’t know that there was livestock etc? kuya bebele mailo