President Edgar Lungu has noted with regret that Africa’s resources remains unexploited thereby disadvantaging her people.
The Head of State says the role of accountants is therefore cardinal in transforming Africa into a prosperous and peaceful continent.
He said failure for most of the accountants to diligently serve the people is not due to lack of knowledge, skill or competence, but it is because of tilted focus on personal interest at the expense of public interest.
President Lungu says it is disheartening that some accountants have become enemies of the people by being involved in financial transgressions in order to quickly amass wealth at the expense of citizens.
He said there is now greater demand than ever before, by citizens, in Africa for transparency and accountability in the management of public resources who want to see value for the taxes they remit to government being used for national development which positively impact on their quality of life.
President Lungu said Citizens are demanding good schools; good health facilities; good roads; safe water and sanitation; and access to electricity among other basic human needs.
He said it is not enough for accountants to produce financial reports which citizens cannot read or understand and must therefore endeavour to produce simplified financial reports to enable citizens appreciate the link between the revenues generated and the goods and services provided by your respective governments.
He was speaking in Livingstone at the 26th East and Southern Africa Association of Accountants General’s 2019 Annual Conference being held under the theme: “ENHANCING THE EFFECTIVENESS OF PUBLIC FINANCIAL MANAGEMENT SYSTEMS IN DEVELOPING COUNTRIES AND EMERGING ECONOMIES.”
Okay. But I thought foreign firms are exploiting Africa’s resources while Africans are sleepwalking the continent.
Am not sure what we are regretting here.
Rwanda is doing it,
Botswana is doing it,
Ethiopia is doing it,
Namibia is doing it,
Ghana is doing it,
What are you talking about? This is an issue of leadership!
Mr. Lungu is talking from his back side (again).
What is disadvantaging Africans (and Zambia in particular) is gross theft and corruption by those in power.
How do you expect anything to be exploited when foreigners are your priority? Your motto must Zambia for Foreigners.
Wow.. a veiled attack Mr President? Really? This whole time I thought it was crooked politicians and cadres behind corruption and embezzlement but it was the accountants all along?! Damn their oily hides!
Ba Lungu, how do you expect your country’s resources to be exploited for the benefit of the people when your government is averse to fully supporting university and college students who should make up the critical mass of intellectual capital needed to exploit these resources? Do you think Sir that it is foreigners who have the responsibility of exploiting resources for the benefit of Zambians?
If he is not regretting, then he is lamenting. When are you going to lead kanshi, and show the way?
he’s so fu cking clueless this dude. I can’t believe he’s actually a president of a country
Injustice Minister Given Lubinda appears to have the brain of a rat ( Amos Chanda,2019). The man used to be very intelligent but from the time the president did misplacement of manpower and give the man a ministry he has no understanding he has constantly been allucinating. In his blured vision he sees UPND parloamentarians supporing constitution amendment when just after few hours they made it clear that they won’t support an illegally called PF/Given Lubinda constitution.All the best sir
Injustice Minister has a brain of the rat (Amos Chanda, 2019).
There is no end to anxiety with ECL’s government. Anxiety in January, February, March, April, May, June, July, August, September, October, November and December. We are always on the edge of the chair as to what bombshell they will drop.
Accountants must ensure that a country progresses ????? Then why have governments ?? Governments that loot, give everything to Chinese, blame everyone else for their failures ???? Government please step down let accountants take over !!!!!!!