The Presidential Empowerment Initiative Fund for Marketeers (PIEFM), has pledged to provide financial assistance to marketeers whose businesses were affected, after some markets in some parts of the country were torched.
Patron of the Presidential Empowerment Initiative Fund for Marketeers Chanda Kabwe said the fund will soon give loans to the women marketeers who suffered loss in the market infernos.
Some markets across the country among them Tambalala market in Bauleni area in Lusaka were recently torched along with some government offices.
Mr Kabwe told ZANIS in a telephone interview that the Presidential Empowerment Initiative Fund is waiting for the Disaster Management and Mitigation Unit (DMMU) to undertake an assessment of the situation before helping the marketeers.
He regretted that the recent burning down of the markets will contribute to increased poverty levels among the women marketeers who bear the brunt of managing household economies.
Meanwhile the Insurers Association of Zambia (IAZ0) , has urged marketeers in the country to consider taking out insurance cover for their businesses in order to protect themselves against loss of business.
IAZ Consumer Education and Information Officer Kambole Chituwo urged marketeers to make it a habit of insuring their business if they are to be compensated for calamities.
If Zedian people’ only voted for…..Political Finger Pointing…
If only the dununa voters knew about economic strategies that selfish African politicians use to sustain their positions, and in what situations politicians find war to be more profitable than peace.
“If you need violence to enforce your ideas, your ideas are worthless.”
~Unknown
Please scrap this corrupt fund…this Lazy Bum Edgar has been abusing. This is pure laziness mentality if you want to assist people implement tangible policies through relevant ministries – we are in this constitution mess because of this selfsame laziness by this Lungu govt who do not think things through.
The presidential fund is a bad idea and will soil president Lungu with Corruption, only time will tell .
What time do you need when he accrued K23m in 12 months …all he needs is simply single source Solar hammer mills from a Chinese Company at an arranged inflated price and then the Chine company donates the difference to Ester Lungu’s Charity.
This reminds me of Fredrick Chiluba’s presidential slush fund. Is there anyone out there old enough to remember?
We were all old enough to know about Chiluba’s thievery. Thanks for the heads up lol. This fund needs to go though.
PF burns the markets and then goes to donate stolen funds in order to look like the “saviour”. Zambian politics sucks!
They are lying to the people like they did with load-shedding a month before the elections…now people are paying the price for that continuous flow of electricity and running the turbines at full power as this govt doesnt care about wasting money or the future.
Zambian economic management fail.
There are numerous ways to assist people in need that would show a well organised council structure.
Oops. I forgot this is ED’s ZED. Where a president can take you to the ball game en masse, set over bloated and costly constitutional scene at a football stadium and pray away misery and blues. Play on ED, you cootchy playa you. So that ain’t a belly it’s the Prezidenshal Slush Belly Wallet…
Only now its when they think of they in the priveousedoing that because they want to make a pilitical mileage out of it.Where where they on many numerous occations when marketeers stuff was gutted and nobody said anything?? Trying to hoodwink the people or what??
I don’t mind people being assisted through legitimate funds, not this way. The country is heaving with debt, yet funds are being created without parliamentary approval. This is another issue for trying irresponsible goons.
ba kawalala chabe…