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Alba Iulia
Sunday, October 10, 2021

Stakeholders call for restoration of macro-economic stability

Economy Stakeholders call for restoration of macro-economic stability

Stakeholders in Lusaka have expressed high expectations on the restoration of macro-economic stability ahead of President Hakainde Hichilema’s Parliamentary address as he opens the first session of the 13th National Assembly today.

Zambia Association of Manufacturers (ZAM) president Ezekiel Sekele charges that his organization is looking forward to seeing stability in the macro environment.

“The cost of doing business is too high in the country, what we are looking for going into the 2022 national budget is the head of state to address this issue,” he says.

He cites regulatory fees for Small and Medium Enterprises SMEs as being high saying this is hindering their capacity to significantly lead the growth of the country.

Mr Sekele adds pronouncements on policy inconsistency and legal reform’s management in the manufacturing and other sectors should be addressed to restore macro- economic stability and growth.

Meanwhile, Economist Kelvin Chisanga expects policies that will recognize key sectors for growth and poverty alleviation such as agriculture, mining, health, education among others.

Mr Chisanga explains that he expects the President to bring a message of hope which speaks to pertinent issues on how the government plans to steer economic recovery.

He stresses that the Head of State should clearly indicate his plan of action on debt repayments and public expenditure.

Mr Chisanga stresses the need to restore confidence in the business environment by doing away with ambiguity adding that President Hichilema should also promote domestic economic activity while ensuring fiscal policies align with national priorities around economic recovery.

6 COMMENTS

  1. Economic instability and indebtedness were the twin illegitimate children of Patiotic Front.Its a shame that someone else now has to take care of them.

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  2. Stakeholders this Stakeholders that….now it’s time to act….blah blah blah blah time is ticking….still making promises since 20 years ago….now we want results 5 million jobs or else you are a one term President…free education or else you’re a one term President

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  3. It’s not a shame no one forced him to take care of them he chose to run for President and that’s part of the responsibility….so stop giving him excuses if he has already failed he should just resign if he thinks the responsibility is too much…we told you running a country is different from cattle raring….the youths are waiting for jobs and fuel is still expensive….HELLO

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  4. HH says he is going promote fish farming. He has forgotten that LUNGU has already started this and fish farming is doing very well. Infact HH is now enjoying breams from Lungu’s fish ponds at state house.

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  5. He said he going to open the northerrn circuit and build airports…….kikikiki……….Lungu has already done that. New Kasama Airport, Mbala airport, Simon Mwansa Kapwepwe …..etc Lungu was miles AHEAD.

  6. We shall build clinics and hospitals…….. .. Lungu was miles ahead. Clinics have beed built just waiting for deployment of nurses and doctors.

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