Finance Minister Felix Mutati
Finance Minister Felix Mutati

Minister of Finance Felix Mutati has said, in President Edgar Lungu, Zambia has a practical leader with a blend of credentials required by the country to maintain socio-economic stability; achieve economic recovery; and reach greater heights of job-creation, prosperity, and sustainable development.

According to the statememt released to the media by Chileshe Kandeta, the Ministry of Finance ‘s Head of Media and Public Relations, the Minister said this in Luxembourg today during a visit to the European Investment Bank [EIB] where he attended a workshop dedicated to Zambia on EIB financing in sub-Saharan Africa.

“I am glad that our European partners have recognized the tough decisions which we have taken secure the country through economic recovery to through removal of subsidies and implementation of measures which facilitate strong public institutions, policy consistence, and fiscal discipline,” said Mr. Mutati.

“We have a President who is a practical leader with a blend of credentials required to maintain socio-economic stability and implement measures which will ensure that we achieve economic recovery,” the Minister told the EIB.

And Patrick Walsh, the EIB Deputy Director General and Director for the Global Partners Division, has revealed that at EURO 407 million, Zambia has received the largest assistance in the Africa Caribbean Pacific [ACP] Region from 2011 to date.

“Of the total amount given from 2011 to date, EURO 80 million went towards rehabilitation of the Great East Road, EURO 22 million for the Kafue-Livingstone Transmission Line, EURO 50 million for the Itezhi-Tezhi Hydro Power Transmission Line, EURO 75 million for the Zambia Water and Sanitation Project, EURO 78 million for the Lusaka Power Transmission and Distribution Network, and EURO 120 million for the Lusaka Sanitation Project.

“Next month, we will send a team of experts to Zambia to engage with the private sector on capacity sharing on project preparation, resource mobilisation, and competitiveness,” said Mr. Walsh.

Mr. Mutati, who travelled to Luxembourg by road, was accompanied to the EIB Headquarters by Ministry of Finance Permanent Secretary for Economic Management and Finance, Mukuli Chikuba, and Zambia’s Ambassador to Belgium and the European Commission, Grace Mutale Kabwe.

Yesterday, Zambia and the European Commission signed a GRANT of EURO 65 million financing for the Lusaka Transmission Distribution Rehabilitation Project. The agreement was signed in Brussels, Belgium, between Finance Minister Felix Mutati and European Commissioner for International Development, Neven Minica.

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45 COMMENTS

    • Felix you are a big and selfish fool ….so you are MMD President and meant to challenge Lungu… Tell us how this will pan out in 2021 since Lungu has expressed interest to stand and now you are kissing his, you know what…I feel sorry for the blind cadres that you used for just for your own benefit and select minions

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    • As long as one is in govt for the people and not for selfish reasons the truth will come out! No matter how much detractors such as the United Dunderheads spew their usual insults One ECL must stand firm and focused!
      If he delivers there is no doubt the people will give him another mandate in 2021! No doubt!
      Bring the dollar back to K5, mealie meal back to less than K50 for a 25kg bag, remove redtape, create efficient structures in govt for service delivery, remove non performers and those with personal agendas..if One ECL can do this and he will do this over his term, we are getting it again in 2021!

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    • As long as one is in govt for the people and not for selfish reasons the truth will come out! No matter how much detractors such as the United Dunderheads spew their usual insults One ECL must stand firm and focused!
      If he delivers there is no doubt the people will give hime another mandate in 2021! No doubt!
      Bring the dollar back to K6, mealie meal back to less than K50 for a 25kg bag, remove redtape, creat efficient structures in govt for service delivery, remove non performers and those with personal agendas..if One ECL can do this and he will do this over his term, we are getting it again in 2021!

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    • Why is it necessary to continue proclaiming the credentials of ECL when he’s been president since 2015? Can’t his track record just speak for itself??? Or is it that he does not have any track record to show for it???

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    • Mutati is perfectly right with regard to the president.

      ECL has such unique leadership qualities that all well-meaning citizens can clearly see.

      This is why short-time on the political scene he manages to beat the six-time losing candidates.

      It is one thing to to think that you have leadership qualities, and it is another thing for people to see those qualities in you.

      If you are the only one who secretly sees those qualities in yourself, you will continue to lose even beyond six times.

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    • Hahahahaha!

      “President Lungu has a Winning Mix of Leadership Credentials” …..Felix Mutati!!!!

      Which “credentials” are those?

      A conviction for stealing clients money?

      A drunkard that has publicly said he has NO VISION?

      Has suddenly acquired 23 MILLION a year after becoming president?

      Has closed down independent media and abolished freedom of speech?

      Stolen and election and corrupted the Judiciary?

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    • Which credentials are you talking about Mutati?

      Or have you just become a bootlicker for the sake of a job? And to borrow even more money for these PF thieves to steal – that our poor children will have to repay long after you are kicked out!

      Hypocrite. Spineless stooge. Liar.

      Do you have even a small scrap of integrity and honestly left in you?

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  1. “I am glad that our European partners have recognized the tough decisions which we have taken secure the country through economic recovery to through removal of subsidies and implementation of measures which facilitate strong public institutions, policy consistence, and fiscal discipline,”- A good SOUNDING Statement BUT PRACTICALLY HOLLOW!! READ the AUDITOR GENERAL’s REPORTS, look at CASES OF SCAMS in TENDER ALLOCATION and in EXECUTION. POOR PLANNING and LACK STAKEHOLDER ENGAGEMENT..name them!! TOTAL SHAM. Now see “EURO 120 million for the Lusaka Sanitation Project.”- WHERE has this money improved sanitation in LUSAKA when we are still borrowing from AfDB and Chine,getting USAID Grants for the same water and sanitation in Lusaka? We are REALLY LOST BY THESE GUYS!!

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  2. Just take note of where that money went , next we will hear borrowing for the same projects that already have been funded. Sometimes they borrow 3 to 4 times in the name of the same project like this lusaka water and sanitation. This must be approaching $800 million borrowed at different times in the name of water and sanitation.

    Thieves.

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  3. European partners will be interested to assess fiscal in-build control mechanisms put in place to ensure their money is put to good use. Remember, Zambia has a tag of corruption and misuse of donor funds. To that effect they will go through the Auditor General report as a source of their findings on financial discipline.

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  4. Ala kakolwe iwe, tuchawa ati muzungu wa kumawa akukonde! If this blend of stinking scatered faeces is what in your eyes amount to good credentials required by the country to maintain socio-economic stability, then you’re more mad in the head than I had ever imagined. It could be then ARV you’re on which is now getting to your head, ch.ikala iwe!

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  5. Mutati is singing for his Super. Mutati is President of an MMD Faction and is benefiting from a PF govt more than the Pure Greens. Illegitimate Lungu will not take Zambia very far. After stealing elections Lungu does not want the Petition to heard becoz evidence to show he did not win the Election is there and overwhelming. That is why Lungu is blocking the Petition. Lungu should be shown the Exit Door like ECOWAS has done to Jammeh. SADC must wake up and smell the Coffee.

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  6. Zesco as usual, we have lost power in Zani Muone and kabangwe areas. I can’t stand this. Every evening sure, and Mutati is yapping and yapping

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  7. “Yes my boss is a practical leader with a blend of credentials required to maintain socio-economic yet i can not say it myself i have to send a spokesman to read this in a statement. My boss’s credentials are so impeccable that he does not need to articulate them”.
    Surely how did we end up with these poachers in govt?

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  8. Ba Mutati just shut up before we expose you. Just shut it ba kalamba. You are another muselela kwakaba who forgets those who supported him through thick and thin. Now you are where you are and forgotten. No worries. No worries at all. Enjoy while it lasts.

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  9. Ba Mutati kuwayawaya chabe! Zambia is not going anywhere with likes of Mutati as finance minister, the man is all talk but no action. He lacks vision just like his boss and will parrot anything just to keep his job. Neverless, just like KBF, Kambwili and many others Mutati will cry a bitter sound as information on the grape vine is that Lungu just need him for time being to hoodwink the bemba chaps. The easterners have been scheming on how they will also annihilate him to make sure he is not a potential candidate in 2021. Abena Dora Siliya, Vincent Mwale, Makebi Zulu and others have been clearly instructed to keep a close eye. Let him watch the space!!!

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  10. You Politians you don’t serve the people but serve yourselves and your family. In 2015 you supported UPND and 2016 you supported PF what changed? You are just selfish creatures. You Mutati called PF Panga family when you were attacked in Shangombo. I don’t trust you Politians you are ba Muselela kwakaba.

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  11. iwe ka mutati, if lungu can pick such a treacherous person like you and put you in charge of managing the country’s finances, then it means he lacks any credentials. He is a bad decision maker who needs to step down. Anyway he is a thief who is busy looting together with you. Why cant you explain to the nation about the maiza saga with malawi. ndiwe galu together with you boss.

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  12. Mutati is perfectly right with regard to the president.

    ECL has such unique leadership qualities that all well-meaning citizens can clearly see.

    This is why short-time on the political scene he manages to beat the six-time losing candidates.

    It is one thing to to think that you have leadership qualities, and it is another thing for people to see those qualities in you.

    If you are the only one who secretly sees those qualities in yourself, you will continue to lose even beyond six times.

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    • What qualities do people see exactly ? Dancing and call to prayers each time we have bad economic news ?

      Meali meal approaching k100, fuel up, food up, water up? What has he done exactly apart from promise 500, 000 jobs that no one sees. ?

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    • You really are a clueless clown. How can you support this useless Lungu who has tribalised Zambia and provoked violence in elections and still call yourself PEACE FOR ZAMBIA? ?

      Idiiot!

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    • @ 16.2 Tomorrow,

      If Lungu provoked people to violence, why is it that it was only Tongas he managed to prove, why not other tribes?

      Is it Lungu also who provoked HH to call on his supporters to rise up and fight?

      As long as you support people who do wrong things, and you deliberately chose not to point out and correct them, they will continue to lose elections.

      Unless you believe that six times losing is not enough. If HH had qualities that people look for he would have won even before Lungu came on the scene.

      But if only you and HH like the qualities he has, but people can’t see them, I tell you no matter how good you thing they are he will not win as long as those who don’t like his qualities outnumber you.

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  13. If you are in a class of dull people you might think you are a star not until in joining a class of elites. Mutati is right because because he is comparing at his level not global standard. These leaders lack integrity, just full of empty promises. What has Lungu done? He might have saved few elite PF friends not the Nation.

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    • Well if Lungu’s class comes number one, and HH’s class comes number two while the rest do very poorly, why shouldnt Mutati think Lungu is good.

      Mutati knows that comes who passes with first attempt is better than that one who still fails even after six attempts.

      But am sure Mutati is shocked that people still believe in the six-time failure.

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  14. It’s a typical inbred Zambian trait that automatically compels people to worship those in power. Lungu is a major disaster on the Zambian scene with no leadership qualities to speak of but since he happens to be Mutati’s benefactor, the need to worship him is over-powering and irresistible.

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  15. A PF founder member like kambwili should have been finance minister. With his economic ability to build an estate with over 200 houses obtain a golf course and convert it into a cattle grazing field obtain properties in london all within 3 years! His a neckless man of economic vision

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  16. Is Zambia a CAPITALIST Country?
    Is Zambia a SOCIALIST Country?
    Is Zambia a COMMUNIST Country?
    Is Zambia a HUMANIST Country?
    Is Zambia a BANANA Republic?
    Is Zambia a FAILED State?
    Is Zambia a KALOBA Country?
    Is Zambia a CADRE-ANARCHY Country?
    Is Zambia a CHIPANTE-PANTE Country? It looks like so.

    No one knows bcoz we have a serious leadership crisis.

    LUNGU & his PF minions need to give direction to the country so that citizens can reset goals & align their visions. If we are Capitalist we’ll need to set goals like reducing interest rates to single digit figures, developing stock exchange, etc.

    It’s like u inform your family 5 years in advance that we’ll moving back to the village. They’ll prepare themselves by learning how to cook on firewood, drink water from a well…

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    • CONT’D
      It’s like u inform your family 5 years in advance that we’ll moving back to the village. They’ll prepare themselves by learning how to cook on firewood, drink water from a well etc. Not u just wake up & say: today we are shifting to KAPOCHE.

      If we are COMMUNIST we’ll need to adjust accordingly & strive to achieve the goals.

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  17. Kikikiki…..hahahaha….you can always expect UPNDonkeys not to see good things, but why not? After all they are donkeys trying to interpret human events…..hiho hiho hiho hiho hiho!!!

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    • Lungu has managed to hold the economy stable after a serious global tabulance which saw Copper prices tumble, including its demand.

      That scenario hit our economy hard, but Lungu managed to pull through it.

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    • Ati has managed to pull through????
      By increasing prices of everything. ?…even a chinama patient can do that.

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  18. Lungu is a failed leader. All the money they have wasted with no tangible results. Like water sanitation in Lusaka and there’s no change in Lusaka. Where has the USA money for sanitation gone? Mutati just enjoy your short lived money can z

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    • That same lusaka sanitation they are not even embarrassed to keep borrowing in name of the same project…..it must be now close to $800 million.

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