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Alba Iulia
Friday, September 24, 2021

The appreciation of the local currency has nothing to do with HH- Antonio Mwanza

General News The appreciation of the local currency has nothing to do with...

Patriotic Front (PF) Media Director Antonio Mwanza says opposition United Party for National Development (UPND) President Hakainde Hichilema is not responsible for the appreciation of the local currency from K23 to K20.7 against $1.

Mr. Mwanza said the Kwacha appreciated because of the good policy shift by President Edgar Lungu.

He explained that the President allowed Zambia Revenue Authority (ZRA) to reform by sealing loopholes in order to collect correct taxes.

Mr. Mwanza said ZRA exceeded it’s target by 10 Billion Kwacha which was injected into the economy.

He said President Lungu negotiated with the mines to pay statutory obligations in dollars which saw the collection of Four Hundred Million Dollars paid directly to the Bank of Zambia which was helping to stabilize the Kwacha.

The PF Media Director said this when he featured on a Millennium TV discussion programme in Lusaka this evening.

Mr. Mwanza said the allegation by UPND President Hakainde Hichilema that the Kwacha appreciated because of the UPND’s imaginary opinion poll must be treated with the contempt it deserved.

He said even Mr. Hichilema’s Presidential Spokesperson Anthony Bwalya contracted him on his Facebook page by equally making unfounded allegations that PF stopped importing fuel.

And Mr. Mwanza said civil servants were now getting funeral grants and health insurance because President Lungu cared for them.

He said President Lungu controlled the price of fuel by removing VAT and Income Tax to stabilize pump prices forcing motorists from other countries to buy from Zambia.

The PF Media Director said cooking oil prices shot up by far but President Lungu allowed for the importation of 9000 metric tons of edible oil and removed income tax and import duty.

He said mealie meal prices would have reached K500 per bag by now but the PF Government controlled it of which businessmen were now exporting to neighboring countries where they made super normal profits.

Mr. Mwanza said President Lungu never fell for the opposition’s call for a complete lockdown which would have left Zambians in untold suffering.

He said the opposition refused to take COVID vaccines even after accusing the PF Government of failing in the fight against COVID 19 when Zambia had excess vaccines.

13 COMMENTS

  1. MEALIE MEAL PRICES WOULD HAVE REACH K500 PER BAG
    WHAT A LOAD OD GARBAGE
    WE IN A FINANCIAL MESS BROUGHT ON BY PF GOVERNMENT
    FACTS ARE FACTS
    IF YOU CAN’T CONVINCE THE CONFUSE THE IS THE PF MOTTO

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  2. Did You Know?

    ECL is currently worth more than US$ 400 million.

    Source: ww(dot)topmost10(dot)com/forbes-release-2018-top-10-richest-zambians/5/

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  3. UPND is a party for people living in imagination land utopia. People that still believe in the concept of a savior who will save people by merely being elected in to office without any action. If HH really cared about the people of Zambia and the poor, he would have demonstrated this during privatization. During privatization, while people were being retrenched and dying because of his recommendations, he was busy getting rich. We do not want privatization version 2 reloaded.

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  4. Hh is a childish social media clown. Mark Zuckerberg should employ him at faycebook as chief clown commentator

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  5. Opinion poll to kwacha gain??. Come on guys this is not a free wheel game at betway. Its like a driver expertly sways around a dangerous obstacle(which you actually doubted if he would manage because its not you driving) then you claim its because you were on board reason he managed. Your cows must be starving. Waikalisha sanaa mu town.
    Why not sacrifice a few and boast of beef price drop. Then we will agree with your impact

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  6. I think Mwanza is right: HH has got nothing to do with the appreciation of the Kwacha. But Edgar China Lungu has got EVERYTHING to do with the DEPRECIATION!!! From K4.5 to the $$$ five years ago, to K23 to the $$$ now! While Edgar China Lungu was in charge! Hey KZ, shall I buy you a CALCULATOR? Then you can figure out how much value your lawnmower has lost!

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  7. PF Kungangi wilatu, not even anywhere to hide. Their President does not even need an office now, kamwendo munjila panic style campaign

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  8. My advise to Antonio Mwanza is to act like a Medical Doctor at Chainama Mental Hospital. Do not respond to everything mad people in UPND talk about. Soon we will not be able to tell the difference between the patient and the doctor if Antonio Mwanza continues responding to an insane tribal grouping. The closest HH has come to having an influence on the exchange rate is when he was selling our assets. HH claimed he knows Trump and these are the kind of people Antonio is wasting time on.

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  9. Given the rapid depreciation of the kwacha that the PF has presided over, any appreciation is of course welcome news. But the most important attribute of any currency is stability. Wht long-term economic fundamentals hv we built to ensure a stable kwacha? To hv a stable currency starts with good politics devoid of violence, hatred and poisonous beliefs.

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