Mr. Mutati during the launch of the Economic Stabilization and Growth Programme 2017 -2019, Zambia plus, the 2018 -2020 medium term expenditure framework and the 2017 midyear economic report said the country’s economy has stabilized, affirming Zambians will soon see an improvement even in the inflation rate.
In an interview this morning, Tembo said Zambia’s economic improvement is farfetched because prices of essential commodities have also kept on hitting the roof.
“Mr. Mutati’s claims that the economy has stabilized is theoretical because the levels of unemployment in Zambia are shocking” Tembo said
And Green Party President Peter Sinkamba has criticized Finance Minister Felix Mutati’s statement that the economy has improved.
Mr. Sinkamba cited the closure of some banks in the country as an indication that the economy has shrunk.
“How can he claim that the economy has stabilized when banks are closing in Zambia” Sinkamba asked
Why picture of Mutati, where is picture of Tembo Enock, (not Mizinge)?
Mutati is hallucinating after failing to believe he is finance minister while cling on a branch of MMD faction. Work upmr minister and see how the country is suffering with high taxes, electricity and fuel pump price. PF is claiming inflation is at 0% and yet there is no stability in commodity prices. If you are enjoying free money you would think every one is.
Mutati is lame duck Minister who has been put in his rightful place by PF cadres, he now sings from their hymn book
pf party is full of criminals, liars, hypocrites…lol
So if you put the “Mulenga” name your hurt speech will carry some weight?
Mutati has failed on many fronts. Doing business in Zambia because of the mad regulation is very difficult, you expect a business to paye Zra, Napsa, Workman’s Compensation, Council tax and various other fees.Then you have a computerised tax system that is not straight forward making it very difficult to pay tax.This is why investors come and leave after a few years because doing business in Zambia is not only too expensive but too complicated.Even Zambeef are failing with their Zampalm-other big businesses to follow! Create an environment that promotes SMEs and we will create more employment!
PF and lungu desperately need the imf…they can only tax Zambians so much while they enrich them selves. .
And those inflation figures thrown around by mutati are bogus……I think Zambia under lungu is the only country where they claim the economy is up and inflation is down while standards of living are dropping fast….
There is a difference between economic recovery and wealth distribution. Even NGOs and civil society does not understand this. This is Zambia’s biggest problem.
Of course with such an expensive heavy debt burden (massive outflows to service debt repayments & interest) wedded to a monetary austerity policy, the result would be declining inflation, a shrinking economy & rising average prices in your import oriented economy. Now, Mutati thinks it’s stabilizing because being Bemba the his nearest comparables to an economy are Congo and Burundi, where there are none!
Read Tembo’s reasoning above, it’s so lacking in intellectually informed substance it makes one want to cry. I mean, why not consult economists first before opening ones’ mouth only to show what manner of a ******* they are? And he’s a party president.