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Investors more confident in RB than 60% of Zambians

By editor
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Lumumba bus stop
Typical day at Lumumba bus stop

The kwacha has made a dramatic comeback with a strong appreciation following the inauguration of President, Rupiah Banda.Before the election day the kwacha depreciated to trade at about K4,800 to one US dollar.

But the latest exchange rate report issued by the Zambia National Commercial Bank shows that the kwacha is now trading at K3,850 to one US dollar.This represents an appreciation of about 20 percent.

And Local Economist Chibamba Kanyama said the performance of the kwacha is a sign of the level of confidence investors have in the leadership of President Banda.

And Commerce Permanent Secretary,Davidson Chilipamushi, said the Kwacha will regain its stability now that the uncertainity created by the Presidential election is over.In the first quarter of the year, the Kwacha was trading at K3100 to $1.

Meanwhile foreign analysts are hailing the election of Rupiah Banda as potentially good news for mining companies like First Quantum Minerals Ltd. and Equinox Minerals Ltd. Like Mr. Mwanawasa, Mr.Banda  is strongly in favour of foreign investment in the copperbelt.

Tourists enjoying a safari in Luangwa national park.Ordinary zambians can not afford this luxury
Tourists enjoying a safari in Luangwa national park.Ordinary Zambians can not afford this luxury

But one difference from his predecessor investors are happy with is  he appears to be opposed to the higher mining taxes that Zambia introduced this year. While he has said publicly that he will follow the policies of Mr. Mwanawasa, there is some hope for investors that he will make the punitive windfall profits tax less costly.

“It appears that the onerous tax rates enacted into legislation in Zambia earlier this year are likely to be significantly watered down. And this should enable the country’s copper producers to regain a stable economic footing,” TD Newcrest analyst Greg Barnes wrote in a note to clients.

Mr. Barnes calculated that the current windfall tax could top 70% at higher copper prices. But if it is reduced to a flat 25% tax above US$2.50 a pound copper, then it would decline to between 45% and 50%. At current copper prices, the windfall tax is irrelevant because prices are too low.

Mr. Banda barely beat out opposition party leader Michael Sata for the presidency. RBC Capital Markets analyst Cailey Barker considers this a “lucky escape,” as Mr. Sata was looking to enforce 25% local ownership in mining projects (though this was unlikely to get pushed through because of opposition in the copperbelt). Mr. Sata is contesting the vote and that may drag out the current proceedings.

First Quantum’s Kansanshi mine was the only one in Zambia that paid the windfall tax in the second quarter. Equinox’s Lumwana mine is going into production by the end of the year, but the company has a development agreement that it says will exclude it from the tax.
ZNBC/Nationpost.com

editor
editorhttp://www.lusakatimes.com

315 COMMENTS

  5. We as Zambian have no confidence in RB because all he can talk about is Levy. Are we going to develop because of Levy? The investors alluded to here are mostly chinese

  6. Bloggers did say that the kwacha falling was as a result of hoarding by investors getting ready to take flight should PF win, because of their perceived animosity towards certain investors. We also predicted the inflation rate going the Zimbabwe way.
    If this is not an indication of the correctness of that analysis then someone please provide a more plausible explanation.
    Zambians voted wisely. Viva the rural vote! They have saved us from ourselves.

  7. So these so-called investors want to hold the country to ransom over resources that belong to us! While we appreciate their investment, they should realise we cant give them our resources for a song

  8. GRZ in conjunction with the so called probably hoarded large amounts of forex prior to elections which have simply been offloaded to improve rates now that MMD has won

  9. Imwe who is not in favour of foreign investment? Everyone is. all the opposition leaders want the investors to come and invest in this country. But these people should not be allow to come and have a tax holiday. we need to look at this problem. they are sending their profits out and paying very little tax. RB must change this.

  10. We know the current president is moral weak and very corrupt, we hope HE is a born again or esle it will be a disaster for our country. For Micheal we wish him a good healthy he should not suffer a stroke.

  11. Get on the ground and see the operations never be cheated EXPATRIATE Crane Operators on site mean while Zambians are disadvantaged for jobs with unqualified bazungu from abroad and someone is happy

  13. The depreciation of the kwacha was a ploy by Fundanga they wanted to trap Sata where on eart can you have the your currency appreciate by that big margin in 2 days these same infesters are making huge profuts at the expense of many suffering Zambians ala mwila tubepa

  14. A STRONG ECONOMY AND MORE JOBS (RB PROMISE)AND OR LESS TAX AND MORE HANDOUTS (SATA PROMISE). WHAT THE MARKETS ARE SAYING IS SIMPLE. THEY TRUSTED RB’s PROMISES AND MISTRUSTED SATA. WHAT WOULD HAVE HAPPENED HAD SATA WON THIS ELECTION? THE KWACHA WOULD HAVE FALLEN TO K5000 PER DOLLAR AND HE WOULD HAVE BLAMED RB BECAUSE THE SLIDE STARTED LAST WEEK BEFORE ELECTIONS. BUT EVERY ECONOMIST KNOWS THAT THE KWACHA SLIDE WAS BECAUSE OF THE OF OPINION POLLS SHOWING SATA AS FAVOURITE AND THE MOST WIDELY READ LOCAL PAPER AGAINST RB. SATA MAKES ME ANXIOUS, BUT I DID NOT KNOW THAT HE SCARES THE MARKETS TOO!

  15. You see these Sata’s supporters in the top picture,the surrounding is dirty and they are waiting for someone else(i dont know who and from where)to do the cleaning.Pf has more support in Urban areas because this is where you find desparate people for money without doing any work.KK said,”Go back to the land”we did not understand this beautiful concept.Botswana is what it is upto now because there, people respect ‘village concept’.You dont get to town if you dont have anything to do, do you?Look at our capital city,its all surrounded by shanty compounds.Ask yourselves why?

  16. These are just foreigners who do not even know what good and bad things mmd has done so they can have confidence in RB. Anyhow, we have to move on so congrats to RB.

  17. Great news and I am happy Sata uis no where near Plot 1. The ba shikulu Sata is a menace to the Zambian society and economy. Just see how the Kwacha is now performing. If the ‘pabwato’ nonsense – fueled by Sata and m’membe’s POST Newspaper – was never there, we as Zambians would not have lost some of the money we did in foreign exchange.

    May this knowledge begin to sink in the minds of uneducated mionds of Sata’s PF cadres so that we can continue building our economy together. I hope the ‘pabwato’ nonsense will not resurface in 2011. Be blessed you all Zambian Citizens eherever you are.

  19. JUST LOOK AT THE IMPACT ON OUR FRAGILE ECONOMY ,THE REMOVAL OF CASH BY LESS THAN 10 INVESTORS HAD ON THE KWACHA. with sata kwacha wud be samwere 12000 to dolar by now , his policies wud have brot suferin in the immediate term ,benefits wud be felt after 40 years. who leaves that long in zambia nowadays

  20. It is good news that the kwacha has gained value against the dollar. RB needs our support as zambians, whether in the opposition or not, we can only have one president at a time, thats democracy…..

  21. The mmd has become very powerful i think even more powerful than unip was they played with the kwacha, ballots papers security just to continue holding their grip to power we need change in 2011

  23. It sucks let immigration scrutinise certificates for these expatriates as many were Cooks/drivers/cleaners/servicemen from their countries and in Zambia he is allowed in and called a Supervisor, given a car, house, and K70,000,000 SALARY per month with a weekly meal allowance pay. Shame to a poor mechanic getting as low as a 1Million its all crap we needed change for real. Now i know due to corruption these guys have been made big in our own country.

  24. ” A FUNCTIONING DEMOCRACY MUST DEFY ECONOMIC INTERESTS OF THE ELITES ON BEHALF OF CITIZENS” CHRISTOPHER HEDGES

  25. We dont need to open tuma bug for these ladies who go to china and Dubai to order things to rise GRZ money. there is so much money we can get from the mining companies if we make them pay the correct tax rate.

  27. ‘ZAMBIANS ARE NOT BENEFITTING FROM FOREIGN INVESTMENT.’ I HEAR THIS OVER AND OVER AGAIN. THERE ARE TWO WAYS IN WHICH ZAMBIANS CAN PARTICIPATE IN THE ECONOMY, AND ONLY TWO. EITHER AS EMPLOYERS OR EMPLOYEES. FOR A VERY VERY LONG TIME WE HAVE BEEN THE LATTER. THERE IS AN OPPORTUNITY NOW TO BE EMPLOYERS. HOW CAN WE DO THAT? THOSE WHO ARE SUPPLIERS TO THE MINES ARE DOING VERY WELL, BUT MOST OF THEM LACK FISCAL DISCIPLINE. THEY SPEND AND SPEND THEIR ESTATE ON LOOSE LIVING. THEY SHOULD BE INCREASING THE VALUE OF THEIR COMPANIES FOR THE LONG TERM. OTHERS WHO CANNOT BE MINE SUPPLIERS MAY GO INTO OTHER INDUSTRIES SUCH AS AGRICULTURE OR TOURISM AND HOSPITALITY.

  28. The article says: “It appears that the onerous tax rates enacted into legislation in Zambia earlier this year are likely to be significantly watered down”

    My understanding is that Parliament enacts legislation, not the President. So how will RB reverse that? This is wishful thinking. These windfall taxes have the backing of World Bank. If anything this was one of the first suggestions the current World Bank represetative presented to Zambia when he came. Our MPs should not reverse or reduce this. Businesses world over hate to pay tax. 2/3 of companies in USA don’t pay tax. Fact.

  29. Well i oweyz thot state house had the best Facilities in the whole country,which is tru…10 star kinda hospitality,but wit all thoz stars tht kam wit it..still we lost one of the Most briliant brainz this country has had 4 President (Dr.Levy P. Mwanawasa S.C.),if we had resurrection 2day,he wud hav anotha stroke 2 see whoz moved in 2 his crib..Sure hope RB manages 2 clap his term in office coz kam next Year’s Budget,a provision for anotha Presidential By-Election shud be included jus in case,as it’s now a reality in Zedian Politics..4 a head of state 2 pass on..On the Currency appreciating again its simply showz tht our Govt can never control this economy,the Investors are in Charge..

  30. Let the kwacha appreciate even one to one.Poverty will still be there. We need real growth in economy. More job opportunities.More food on the table.Proper healthcare.More manufacturing industries.Quality education.improved infrastructure and above all high standard of living for the majority.

  31. We rely on foreign investors because Zambians have no capacity to engage in large capital investments like copper mining. Most rich Zambian hold their cash in foreign banks..to avoid paying tax. moreover Zambians do not trust each other at doing business, they can’t pool resources to make a big investment . Instead they venture into small, risk free personal enterprises which only benefit their households. Without foreign investment the Zambian economy cannot stand. This is one thing PF cadres need to learn.

  32. Good for them since they dont know that we have professional vote riggers here, who may embezzle them too. They have never heard of the name VJ, the Sherlock Holmes of Zambia. They think VJ is a vegetable or some Nyama Soya from Katete. Good luck to them.

  33. As for the 25% Sata wanted to introduce (good idea), how was it going to be funded? Zambians don’t have much money. We are talking about millions if not billions in US$. RB said there are 400 licences for emerald mining out there but only 4 mines operate. These 4 are owned by foreigners. The rest are owned by Zambians who don’t have money to operate the mines. If Zambians can’t get money to operate a small mine, where do they get money to own 25% Konkola, Lumwana etc. If teh 25% will be owned by the Govt on behalf of Zambias, then that’s a different story. Would the Govt get such money? They might as well turn windfall tax gains into shares until they reach 25%. That’s my suggetion!!!

  36. AND I WOULD URGE THE GOVERNMENT TO INTRODUCE PRACTICAL SKILLS SUCH AS WOODWORK (CARPENTRY AND JOINERY), METAL WORK, ELECTRICAL INSTALLATION, FASHION DESIGN AND DRESS MAKING, BRICK LAYING AND PLUMBING INTO THE SECONDARY SCHOOL CURRICULUM SO THAT EVERY SCHOOL LEAVER WILL HAVE A TRADE THEY CAN FALL BACK ON. SCHOOLS SHOULD BE ALLOCATED FARM PLOTS FOR AGRICULTURE. PRISONERS TOO SHOULD BE EQUIPED WITH SKILLS SO THAT ON RELEASE FROM THERE THEY HAVE A MEANS OF LIVELIHOOD. WE SHOULD SQUASH THE ‘HARD LABOUR’ SENTENCE. NOT EVERY CHILD NEEDS TO BE A MATHEMATICIAN OR SCIENTIST OR SPEAK THE QUEEN’S ENGLISH. MR BIN LADEN SENIOR BUILT HIS EMPIRE FROM A HUMBLE BRICK LAYING BACKGROUND. WE CAN MAKE IT!

  37. Imagine the chinese started celebrating when PF lost cos they know sata was coming to clean the rubbish of china man coming here to start selling pies. I dont support PF but on this one am with sata all the way!!!!! Look at some of the people with investment permits sure. Is having a shop mu kamwala investment?

  40. ALL THE PROMISES THAT THE COBRA(SATA) PROMISED LAZY ZAMBIANS LIKE MORE MONEY IN THEIR POCKETS BECOZ WOULD HAVE FAILED BECOZ OF HIGH INFLATION.IF YOU PUT A GRADE 4 IN STATE HOUSE THAT IS WHAT THEY PROMISE BECOZ THEY DONT UNDERSTAND ECONOMICS OR ANYTHING.ALL SUCH PRESIDENTS KNOW IS HOLDING ON TO POWER AND INSULTS.
    OUR COUNTRY WOULD HAVE GONE BACK TO THE DAYS WERE ONLY BEMBAS WERE STEALING LEAVING OTHERS WATCHING WHILST THEY ARE DRIVING PORSCH CARS ,BUILDING MANSIONS AT NEW KASAMA.
    SATA SHOULD NEVER STAND AGAIN,HE IS ZAMBIAS DEVIL TO PROGRESS..

  41. Tractor operators good that Teta is aware but has done nothing about it only diahorria in the mouth like dying Muloongoti

  42. # 27 vote rigger. Thats a good point you have raised there. Zambians have the capacity to run the economy, if only they could be desciplined in terms of spending…….zambians drive some of the most expensive vehicles in the world……Those mine suppliers need a few seminars on how they can increase the value of their companies.

  43. Suffering Continues, surely how can u reduce taxes on our minerals when all the profits will be externalised. That leaves us the TAX PAYERS as the sole bearers of the burden, RB please be serious on this it is us (tax payers) who keep on tightening our belts, u can surely do better.

  44. #31 PASTOR J, YOU ARE RIGHT AND THAT IS WHY WE NEED REAL PRACTICAL SKILLS FOR OUR SCHOOL LEAVERS. EVERY ONE IS DOING I.T. ARE YOU GOING TO EAT I.T?

  45. The reason is clear. This is because the current economic situation in Zambia favours foreigners (infestors). Zambians have nothing to be proud of in their own backyard because of poverty, hunger and unemployment. Zambia has been sold to the infestors. Why should they then have confidence in RB? Most believe he has come to completely destroy. May somebody save Zambia.

  46. #31 Pastor J. Good point.

    Right now Gordon Brown, Bristish prime minister is in Middle East asking the oil rich people to come invest in the UK. Barclays Bank last week sourced £7 billion from Qatar and friends in teh Middle East. Now if the UK needs foreign investment, how much more Zambia. Can we also please send RB out there to woe investment. No nation can develop without foreign investment. The USA lives on borrowed money from outside. There are people and institutions out there who have a lot of cash. We can put it to work, add interest then give it back to them later. Let’s sell our project proposals in mining, tourism, agriculture and manufacturing. Ignorance kills.

  47. Ubucushi continues, ngatukaya kwisa?! I am going to start a fundraising walk so that I raise money to run away…

  49. MIGHTY MMD AND THE DULL FOLLOWERS WHO CAN BE CHEATED BY SIMPLY CREATING AN ARTIFICIAL SHORTAGE OF FOREX BEFORE ELECTIONS AND YOU SAY THE DOLLAR HAS PIACKED NOW THAT RB IS IN POWER.

    What a crack of BULL!

  50. PF IS THE ONLY PARTY WITHOUT A SENSIBLE PERSON APART FROM GIVEN LUBINDA.
    JUST SEE MUMBI PHIRI,WILLIE NSANDA,THE REST THE SAME LUNATICS LIKE THEIR LEADER.
    SPARE US THE MADNESS.
    USUALLY WHEN A MAD PERSON IS ON THE STREETS MANY PEOPLE WANT TO LISTEN TO WHAT THAT LUNATIC IS SAYING THE SAME WAS THE CASE DURING SATAs RALLIES,THEY JUST ENJOYED THE INSULTS FROM A VERY OLD GRAND FATHER,SHAME.

  52. “It appears that the onerous tax rates enacted into legislation in Zambia earlier this year are likely to be significantly watered down. And this should enable the country’s copper producers to regain a stable economic footing,” TD Newcrest analyst Greg Barnes wrote in a note to clients.

    Eeya!!!!

  53. what is this,should investors enjoy in our own country,will zambians continue suffering in the hands of chines and indias, please shame ba RB.

  54. EDEM KOJO’S ‘LARGER GRAIN BORERS.’
    DO YOU REMEMBER THEM? THAT IS WHAT MANY SCHOOL LEAVERS ARE IN ZAMBIA. THEY SIT AT HOME, WATCH TV ALL DAY AND THEN ASK FOR MONEY TO GO OUT ALL NIGHT. I CANNOT UNDERSTAND WHY AT 18 YEARS OF AGE, EVEN UP TO 30 SOMEONE IS STILL A DEPENDENT ON ANOTHER. THEY ARE TOO PROUD TO DO ANY WORK AT ALL (EVEN DOMESTIC SERVANT) BECAUSE THEY ARE GRADE 12, BUT NOT TOO ASHAMED TO SPUNGE ON THEIR PARENTS AND GUARDIANS. IN THE MEANTIME, SOME BECOME PARENTS EVEN BEFORE THEY HAVE LEARNT TO LIVE AS ADULTS. ATTITUDES MUST CHANGE FROM THE HOME! CHARITY BEGINS AT HOME!

  56. I am so saddened by some Zambians.After so many years of mining people should be opposed to 25% of the mines to go to Zambians?I have followed mining closely including the time Anglo pulled out of KCM:who kept the mines running?Zambian technicians,engineers,metallurgists,geologists,accountants etc.Mwanawasa gave KCM away for$25m.Today you are still worshiping invetsors blindly.Zambians will continue to suffer untill they either put PF or UPND in government.By the way the fact that the kwacha is stronger does not change the way MMD looks at NCZ:they will continue to give contracts to their friends to supply fertilizer while NCZ continues to be dead.What a shame!!!

  57. In 2011,we neeed a young president,no older then 50years,thats the trend in the progressive world,not retirees,please!This should be our vision.Madala ba yende kuma farm.

  58. We need to understand that investors are people like us. ZMK depreciated for various reasons, one of which was political risk. It was risky to keep your wealth in Zed Govt Bonds because if Sata became president for instance, you may never get that money out. Some of these investors kept their money in Zambia because they have projects in Zambia. You and I would have done the same, take your money out go and put it under your pillow until the risk that Sata will take it from you goes away. Some investors are fund managers like pensions funds, who have the responsibilty to grow the money on behalf of pensioners so that when they retire money will be there, and more than they saved. They care!

  59. It is good the pythorn was rejected because the kwacha by now would be K20, 000 to a dollar. He promised more money in our pockets like the Zim dollar.
    God bless our land.

  60. LOOK AT THE DIRTINESS THAT PF CADRES PUT IN LUSAKA TOWN AFTER MASEBO CLEANED THE CITY,I QUIT PF TODAY.
    ZAMBIA SHOULD BE KEPT CLEAN BY ALL.IF PF CAME INTO POWER WE WERE GOING TO CONTNUE KEEPING THE CITY CLEAN,NOT WHAT WE ARE SEEING NOW

  66. 61.Baby C,

    I would wish to think like that too but what happens to Nevers, sakwiba, VJ, Teta, BY, Mulongoti and all those other imposters who paraded with that mindset?!

  68. thanks the kwacha appreciation has served a number of us who are writing uk exams..this means a reduced cost of exams viva govt

  69. #17 Thanks for your opinionated thought about M Sata. The issue right now not about PF but about tomorrow “A prescendent set” over the just ended elections. One might ask, If an oposition queries during an election proceeding, why shouldnt ECZ respond to them (it matters less what sort of response) only to allow the favoured go through an inauguration?;Is it right to issue invitation cards before announcing the national polls?;If obsevers had been given information by oposition to act on to determine the justification of “the elections free and fair”,why have they not been keen to say anything themselves other than reported media briefs?;etc

  70. LT it’s common sense since u refer to Chinese infestors we not shocked. Which RB can one be confident about if there’s anything tangible to talk about?

  71. So what if investors are happy!!!
    They are happy at the expense of our own happiness. sad to see that investors happiness is a priority to our own happiness,

  72. The Spectator, you’re right. #50 & 60 are one and the sme person.

    DDDDAAAAAAAAAAAAAAAAAAAAAAAAAAAALLLLLLLLLLLLLLLLLLLLLLLLLOOOOOOOOO!

    Leave the commnenting to those with grey matter up-stairs. We’re not interested in your “shiki”. Don’t dispaly your grey matter drought on here!

  74. Well lets how the “Hard Working” RB performs in the next few does and how is going to stabilize the GDP which fallen to something like 5.8%…Tuleetembako….

  75. Investers love it when they know the head of state is weak and can easily bend to their demands. These people are not there to help develop Zambia and the sooner you sleepy people realise this the better you will understand why they are so happy with RB as presido. The PF leader has come out very strongly about inversters who are not following labour laws and providing good conditions of services to the employees in Zambia. We need to be tough as Zambian and not let foreigners intimidate us with their investments. They are there because they need our resources and they have to respect and abide by the laws. Thats is why ama chinese naba mwenye abuse Zambians becoz of weak leaders! Shame

  79. Zambians are so highly taxed to an extent tht one goes home with almost nothing, the idea of imposing tax on investors was the best considering just how much profit they make. Now ba RB ati iyo nalamibweseshako pantu we cant do anything without you, it stinks…. can we pliz wake up these pipo r takin almost everything from zambia it really hates me.

  81. THIS ANTIFOREIGN INVESTMENT STAND IS NOW AN OLD SCRATCHED RECORD. IN THE 80’S MANY FOREIGNERS CAME AND DUG UP OUR EMERALDS, AQUAMARINE AND PRECIOUS STONES. FEW ZAMBIANS GOT INTO THE ACT BUT WHERE ARE THEY NOW? WE DO NOT KNOW HOW TO INVEST. ZCCM NEVER OPENED ANY NEW MINE BUT CLOSED BWANA MKUBWA! KAUNDA’S UNIP RAPED ZCCM AND CHILUBA’S MMD KILLED IT. NOW WE DO NOT HAVE CAPITAL TO INVEST BUT, THANK GOD, WE HAVE HUMAN RESOURCES. ZAMBIAN POFESSIONALS EXCEL BEYOND THEIR BORDERS. NO GOVERNMENT HAS HAD THE POLITICAL WILL TO ENACT LEGISLATION TO FORCE THESE INVESTORS TO RENUMERATE EQUALLY FOR EQUAL WORK! I WOULD BE THE FIRST TO RETURN TO ZAMBIA IF THE SO CALLED WORKER RETENTION SCHEME WAS REAL.

  82. CORRECTION: Its not 60% of Zambians that did not express confidence in RB, its 60% of registered voters that turned-up. And since registered voters are only about 36% of the Zambian population – of which only 45% turned-up, only about 10% of Zambians did not vote (show confidence in) for RB or only about 7% of Zambians voted for RB. Sad numbers.

  84. i think rupiah is stil thanking mwanawasa for making him vp and now president….he has to learn to stand on his to ma baby feet-and not waste his energy on being a SUGARDADDY.

  85. The so called investors with movable assets are the chinese traders. Will you tell me FQM or Albidon or indeed Kanshi mines will move after having had sown more than 2million dollars (US) in their equipment? Tell me guys, we have had investors go and come but the kwacha just appreciated coz of copper sales, soon we will see it trailing if govt wont revisit the shameless promises of reducing fertilizer. Or we will see road rehibilitation suffer so that by 2011, if they will grade a road in lusaka, they will be working and implementing LPM’s dream. These guys did an economical subbotage together with Caleb. We are watching

  86. i dont understand the picture of “LUMUMBA BUS STOP” is that were you find the LUSAKA STOCK EXCHANGE or BANK OF ZAMBIA?

  87. #75 u have put it so right!! i was really hoping that sata who be president because we really needed him as we have been subjected to cruety by the so called investors

  88. Look at it this way people on LT, privatization of government-owned copper mines in the 1990s relieved the government from covering mammoth losses generated by the industry and greatly improved the chances for copper mining to return to profitability and spur economic growth. Copper output has increased steadily since 2004, due to higher copper prices and foreign investment…also, Zambia experienced a bumper harvest in 2007, which helped to boost GDP and agricultural exports and contain inflation. Although poverty continues to be significant a problem in Zambia…now Nyama soya is opposed to the mining taxes that Zambia introduced this year…

  90. #17 i pity you coz you really dont understand anything about sata he may not be has educated bt pipo both the educated and the uneducated have so much confidence in him, these mwenyes and the others were scared not becoz he was goin to chase then bt bcoz he was going to instil some labour laws tht have nt been followed, am sure u wil agree with me tht where u r stayin you know your limits as a foreigner but in zambia the ‘investors’ can do jst anythin and no one questions them

  91. I doubt these mmd investors who can withdrwal huge sums of money 2day and 2morrow they ploughback what have they seen in Rupiah Banda do they even know what his cabinet looks like

  92. Teta is new L/gov Minister

    S.Sikota is Information Minister

    Pastor N.Mumba is F/Affairs Minister

    Finance has been taken by Mbita Chitala

    Watch this space.I will be back, let me attend to my son

  93. Guyz let us know that the world has become so small and we need each other. This development is good but as Zedians we need to see opportunities in the same and cease them. Let investors come and only put sensible pressure on the RB gvt to revist some of the laws especially the labour act (which for ur own information Sata failed to change when he was at labour ministry). The investors knew and we all know Sata’s approach to such hence hoarding on to the US$. Start a chicken run and with prudent management you will see what it will do. I started it (not boastin but to encourage one out there I hold a B.SC in Eng; Post grd.Dip in PM and am finishing my MBA this December) and I have diversified even into supplying engineering products. Right now am finalising partnering with a Canadian company. So let us cease the opportunity.

  94. #75 THE JACKAL
    LOOK AT ZIMBABWE. THE WORLD SYSTEMS CANNOT BE DEALT WITH BY ANTIFOREIGN RHETORIC. THESE CHAPS CAN BRING YOU DOWN TO YOUR KNEES. THE ZAMBIAN ECONOMY HAS NOT BEEN IN SUCH BETTER SHAPE THAN SINCE 1970! IF IT IS NOT BROKEN WHY FIX IT? WHY DID SATA PROMISE TO DEAL WITH THE INVESTORS? HE WANTED THE POPULAR VOTE. ONCE IN STATE HOUSE, HE WOULD HAVE SUNG A DIFFERENT SONG AS REALITY SETS IN. IN 1996, CHILUBA THREATENED BINANI AT A PUBLIC RALLY IN ROAN. INFACT THE WHOLE OF HIS SPEECH WAS IN BEMBA. AFTER THE RALLY, HE WENT INTO A CLOSED DOOR MEETING WITH BINANI AND SAID THE EXACT OPPOSITE TO THEM. CHILUBA AND SATA ARE POLITICIANS HEWED FROM THE SAME STONE.

  95. Fact! I personally received a number of calls from a certain friend (South African business man) with businesses in Zambia just when election results satrted coming through. The truth is that him and his friends (share holders) were worried Sata would put them in their place if he takes over, i.e. investors and not masters as is the case now. You wouldn’t believe the jubilation when i mailed them to say Banda had won. They confessed to me saying as long as MMD is in power, they can come here make their millions, take advantage of Zambians and take off any time, unchecked! No enforcement of labour laws and easy externalisation is the best incentive that attracts so many investors in Zed!

  96. Zambians, just what dow we want. Do we want investors or not. Should we chase them away?

    My suggestion is that we allow then to come but we need to enforce labour laws. Laws are enacted by our MPs, people we sent to the August house tom represent us and push our desires.

    So if we choose to have foreign investors on our soil, the next thing is put in place labour laws and enforcement thereof so we can mutually benefit. If we get a bad deal, the blame is on Zambian’s representatives.

  97. Ba PF zoona …can u have pipo like Willie Nsanda,GBM zoona imwe mwalisebana….no wonder u flopped.Its a good thing u even ensured(sealed all loopholes) no rigging was done.u were given a GOOD CLEAN beating…no strings attached.

  101. #95 great. “No enforcement of the law”

    Do we have weak labour laws. If so, then what are MPs doing out there in Parliament. They need to enact strong enough laws.

    Could it be that we have robust laws but the problem is enforcement, as #95 says – No enforcement. Who is responsible for enforcing these laws. Can our MPs say they have done their bit but we are being let down by the law enfrcers?

    We need to pin point where the weak link is. Talking takes us no where. We need to identify the bottleneck and deal with it.

  102. #86, you are right I equally don’t seem to link these pictures with the story. Even the one showing those tourists in Luangwa N/P. And these investors should not hold us at ransom, all those who wanted to take off should be checked on their geniuness(sp)Malabichi bati!

  103. ba PF munaluuuuuuuuuuuuzzzzzzzzaaaaaaaa zzzzoooonnnnnnnnaaaaaa!
    hah hah hah heh heh heh hoho hoho hoohooooooo!
    LOOOOOOOOOSERS………
    can i hear someone say “akabwaaaato”…..

  104. Guys dont just say PF, PF, PF when you dont contribute anything to the party. The owners of that helicopter are asking for a million dollar when they know we havent won the election and our leader has no buisnesses at the moment since they all collapsed during levy’s time.lets contribute to the secretariate gentlemen before we even waste more money in the courts.

  106. SPECTATOR ARE YOU MALE OR FEMALE? YOUR THINKING IS NO BETTER THAN THAT OF MOST PF CADRES,NO WONDER YOU FEEL CHEATED THAT YOU HAVE NO FREE MONEY IN YOUR BLOODY POCKETS.
    YOU ARE INFECTING THE INTERNET WITH YOUR DANGEROUS VIRUS.

  112. #47 Spectator,go to hell and stay there!ZED does not need u and
    your Chief Kaponya.As far as any sensible person can see,PF is dead for good.MMD will address these concerns of Zambians over the Chinese.U dont have to do it the Kaponya way as the Cobra postulated!We need foreign investment in this Global village of today.What MMD should do is refine the investment policies so that all stakeholders benefit in the long run!

  115. 111. Sagem Sakala

    Iwe uulichikali each me your trick!!!

    Pabwaaaaaaaaaaaaaaaaaaaaaaatooooooooooooooooooooooo…..

  116. Dog father, you seem like the BIGGEST TIN (TIN OF TINS) here because you are off topic. Another one with grey matter deficiency!

  117. If minining Taxes are reduced its a raw deal for the mere Zambians Mwanawasa new why winfall taxes had to be there and increase. The government runs with taxes that how come the economy started to improve. That advice came from an American economist that the government should make use of the good copper prices. The time the copper falls means no money for Zambia and people cotinue to suffer. If RB reduces you will be my witnesses you will see how badly our country will suffer.Investors should not be on Tax holidays. If they want a tax hoilday give only one year.Or go elsewhare.Zambia is the place with the lowest taxes in the world check it on google.

  120. It is an interesting heading so to say. Investers must have confidence in the electoral and governing system of Zambia and its people. They should invest in Zambia on mutual benefit ie for them to benefit and the Zambian people. Partnership is the only solution. Let HH explain to the govt. officials how was going to manage this partnership he preached about. The is the only way you can take advantage of an invester in your own country. HH is rich because of partnership. An idea is better than having money in the pocket with plans for the money. 2011 we should vote for an idealistic person.

  122. 117. Trigo.

    Pointed noted and you have wisely divided the truth with the less fortunate like some guys on this blog, no need for name calling…You see one thing we can not be sure of is, is RB going to maintain the proposed mining taxes?!NO! he won’t because because he has and had indicated to the investors that he is going to reduce taxes…kabili some of them are sponsors….well let me not say much….

  123. cont…in Zambia Minners get paid $400 per month. In Australia minners get paid $55 an hour and work for atleat 8 hours in a day but mostly its 12 hours a day. will use the minimum. 8 hours a day and they work for 21 days in a month and one week rest. So that is 8 X 55=440 a day x21 days= 9240. this is general for mines and And these same minerals are the same as at the LME. Whates the difference with our Zambian people. what a big difference. Taxes should be kept.for the country to develop.The tax money is used for roads,bridges etc.

  124. we have no confidence in RB,,,,,,,,what so ever,i dont trust him he’s a tired man,anyway i hope he can provve me wrong,he once worked with my uncle and am told he does love money like he does love small girl,for once am no under RB’s rule.reminder you look loke shierk maybe part 4

  128. 45, say that i again, i second that thought…..
    Cheap politics dont you think???
    God never forsakes his own we are comforted do not worry!!!
    We zambian are like eagles dipicted on the flag,we shall rise above the rigging and economical speculations!!!

  129. #Can someone help find the following PF cadre individuals and tell them to contact me on [email protected]:

    [In a parallell topic on LT last week “We are winning despite biased media coverage, HH”, there were PF cadres:]

    154. mala msana wanzili
    146. choma1
    132. Pumpy
    126. Ama Ladies
    122. Akapondo!
    107. tentamashimba
    84. MAT 7
    52. No way
    51. Chapati
    44. Lam Jay Akapondo
    37. YMM
    36. Anyina
    33. From choma
    21. Superman
    13. Sharp Steve-Kitwe
    10. mumbulu
    6. chikondi
    5. sylvia masebo
    4. Muwala

  130. It’s good things are returning to normal.i also saw this ”Recently, Bank of Zambia governor, Caleb Fundanga, attributed the sharp depreciation to withdrawal of US$56 million by foreign portfolio investors from Government and private securities.” This was caused by uncertainty.On the other hand,i still understand RB like Levy wants to show that he is his own man,in an interview with BBC before elections,when asked about the carrying on of Levy’s policy & legacy,he said it was not Levy’s but MMD’s.I have also received news that he intends to embrace most of the founding members of MMD & a few old UNIP members,he also wants some of Levy’s relatives in govt to be taken to task over corruption.

  131. # 93, My brother I like your line of thought you are such an encouragement but one thing though, the government should provide an enabling environment to its citizens; It should be your country first but right now you can not compete with an investor he enjoys an upper hand in eeverything.

  133. Has RB made his appts,here is something i got in the grapevine.

    According to a source, Chiti and Mulongoti are expected to be appointed as Banda’s two vice presidents. He said the ministry of home affairs will be held by former Drug Enforcement Commissioner Kamoyo Mwale who would replace Ronnie Shikapwasha; Chitala will be appointed as Minister of Finance and National Planning and would be deputized by Suresh Desai; Kalumba was promised the position of Health Minister; VJ will take the ministerial position currently held by MMD deputy chairman Kabinga Pande and Sylvia Masebo’s job was offered to her deputy Benny Tetamashimba; the ministerial position of Justice minister was offered to S

  135. continued …the ministerial position of Justice minister was offered to Sakwiba Sikota and Dr Boniface Kawimbe will go to the ministry of works and supply. He said ministerial of Agriculture and Cooperatives was reserved for a member of UNIP yet to be identified. Other founder members being considered for nomination to parliament and then appointed include Akashambatwa Mbukusita, General Christon Tembo, and Rodger Chongwe

  138. You editedeconomists who are you trying to cheat? People living not in Zambia but abroad have noticed the dollar dropping. Don’t cheat that it’s the Kwacha performing well.

  139. Can u imagine what ZED would have been with the likes of GBM,who insults everyone from employees to family,and the Bus stop lumpen Willie Nsanda in GOVT with the Cobra as prezdo?

  140. #136 I will also believe when i see who RB appoints but there was a meeting of old guards of MMD at a house in Lsk where many issues where discussed,they want to return the original MMD & even make it bigger by embracing UNIP old guards too.

  144. PF for life – we know the Kwacha has seemingly gained due to the performance of the Dollar on the global market…

  145. Right now the chinese have gone into chicken runs as well, and ask me what? They have the tendancy of doing all sorts of things, I don’t know maybe they make those chickens and sell them at a very low price and you don’t stand a chance. At one point it was rumoured that they give them ARVs so they grow fat and fast.

  146. My advice to RB, These investors should be paying tax just at the start of the contract. Hope you’l get my advice

  149. The zambian sata’s boat is very rusty hence its sinking.Let sata apply for donor funding to enable him seal the leaks so that incase he survives stroke and heart diseases he can use it later

  150. #146 I totally agree with you.The govt keeps making the same mistake with these tax breaks.When time for paying up is near,unscrupulous investors simply pack up & go claiming diminished resources,low metal prices & lack of profitability just to avoid paying up what is due just like Anglo American Corporation did.

  151. instead of just arguing here go to iftheworldcouldvote.com and see what is happening there about the US election.

  152. Not all of u singing RB’s song even have decent jobs. For starters, you are bn underpaid, you are bn over-taxed…But the infesters are on tax holidays. Tell me how all the huge profits they are making are tricklin down to u and me the ordinary citizens????? I thot so, nothing, nothing and nothing!! We r in for a bumpy ride.

  153. King Cobra hired a chopper promising to pay when he goes to plot1.U can imagine it was going to be one helluva big dig into the national treasury!The good hand of God intervened,sending the cobra into retirement,never to rear his ugly head again!

  154. Exactly, why should I bring my money back to Zambia so I can be discriminated against for not being a foreigner? It’s bizzarre man

  155. LT MINDERS HAVE YOU GONE TO SLEEP TO ALLOW #138 NO WAY TO UTTER INVECTIVES HERE?
    WHY ARE PEOPLE SO SHORT OF VOCABULARY THAT THEY HAVE TO INSULT?
    I COULD HAVE ANSWERED #138 BUT I WILL HOLD MY PEACE FOR A REASONABLE BLOGGER.

  156. 145. SON OF MY FATHER

    Apparently they shoot these chickens with boosters so as to make them grow faster than the normal expected 6 – 7 weeks of the growth period of broilers.

    In many instances you find that these birds have too much fat on them and are generally taste less, because of too much chemicals…
    They now have a a make shift factory in Lsk west producing fake spices and other seasoning stuff… Tuli mubafya, ati INDEPENDENT?!

  157. #17,chi maestro i fail to understand why u hate Sata so much .your contributions always make me feel like vomiting. As much as we appreciate foreign investment,it shud not be allowed that our fellow Zambians be payed useless amount of money like k150,000.wat can u do with this money? Our people are mistreated in some of these companies by foreigners.These are issues Sata has been adressing.Sata has a heart for the people.maestro are u a normal human being? Useless creature!

  158. Sata has had another hear attack! Fact: He was due for a medical on 30 October 2008. RB has facilitated his evacuation to RSA. Then when he comes back, he will go straight to state house to reconcile with RB. Watch this space! Otherwise, why has he been so quiet since he lumpenised at mulungushi.

  160. 155. VOTE RIGGER.

    You see ‘Tis better to be silent and be thought a f00l, than to speak and remove all doubt. so kumuleka fye…

  161. Dollars has fallen a bit due to elections. It may rebound afterwards, meaning, ZMK may depreciate.

    #93 Pafisenge. Keep going, you did well to broaden from engineering. Did the same. All the best with your MBA, got mine time back and added some other stuff. Makes you contribute to Zed issues even better. Reagrds.

  162. 158. wina azalila.

    My friend are you in touch with current affairs?! Come back from S.A if at all that is where you are…

  163. As Zambian I see this as an opportunity to invest back home. And I’m going to do that I’m an investor, seeing we will not have PF near any GRZ building. Thanks Again to Mother zambia.

  164. i dont see y we shud start writting bad stuff to each other, those that supported Miyanda ar silent but MMD,HH and PF i dont understand u guys ring leader mestro hhhheehh watever you name is just shut up with yo freinds and we stick to the topics LT will provide. Wat is our way foward and elections? Rb show us the way foward put dont give us those chaps Vj,Chintala,Nevers,Ben Mwila plus many others that rigged please and Sisala has started he loadshading keep it up………..

  165. #17 what are your qualification nkusa iwe??? you keep on barking about education, I sport sata and i do not have the education of how hearding cattle from that point i am not educated but i have a bsc and so are many of my friends.

  166. Just like the Titanic, while some people were rearranging chairs on the deck, so did PF sink while some bloggers on this site were rearranging emails. Banda is not the best president, I agree but he is better than Sata. Sata should head the Vendors Desk.

  167. #163 DONT CHIT US AS IF YOU ARE ABROAD,IN THE ACTUAL SENCE YOU ARE WITH COWS IN CHIKANKATA NA KA INTERNET PHONE KA BA MTN.MUTUTINYE.

  169. It is good to have a symbol that carries a nice message.But do you have to act it out to the point where u straddle a speedboat to the High court,while your cadres paddle the air inside bathtubs?This is medieval politics.You are supposed to interprete your manifest,not to compete at who can make the most noise or who is the most irritating.Goodbye PF.U sink with the likes of this weezil by the name of spectator?

  170. Let the investors including the infectors pay more tax than the poor zambians.How can they celebrate when zambbian are suffering?U zambian u’ve to wake up!Don’t show us ignorance in dealing with issues.If Rb reduces taxes on investors, where do u think he’s gonna get the money to run the affairs of our country?U want poor zambians to be taxed more again?come on guys we all know what’s happening in the world.Citezens of da country should benefit.That’s the same message Obama was preaching.Always middle class people are important 4 the progress of any country.The investors don’t care about zambian people.And they didn’t come to develop zed.Their interest is to gain from us as simple as that

  171. Ba LT i have noticed that you are also falling in the trap of foreign media. putting poor pictures for Zambians and fancy ones for Bazungus. you mean there are no better pictures in Zambia than that funny Lumumba poster picture?

  172. #129, I have never really understood you! I wonder what message you try to send on this blog. Chabashani kanshi iwe we muntu? Ulikwenebiya kabotu kabotu so? Ulandigambya manigni musa!

  173. Iwe #42 how dare you wish Sata dead? Is it you who created him? Are you a terrorist? And above all change that name tag, you cant associates yourself with that great name and yet you have no regards for human life. I am sure you are not a Zambian, Zedns dont speak like that, ala iwe

  174. RB’s elections will bring back the following, given his UNIP affliation.
    1. UBZ, NamBoard, Banda wamoyaya (Kamuzu), ZCBC, Mwaiseni, NIEC, KK Eleven or Banda Eleven, Super Loaf, Tip Top, Masuku Wine, ZBS,Zambia Airways, etc etc bloggers add.

  175. That is very good news to Zambia. The good part is that we have investor confidence rise which is an excellent thing for our country.
    I must also say that RB may not have the support of everybody but has the largest support of Zambians than any of the other four candidates who stood with him in the just ended elections. 60% of Zambians have no confidence in RB, 62% of Zambians have no confidence in SATA and 79% have no confidence in HH, 99% have no confidence in Miyanda. This of caurse is based on the sample results of ECZ research of last thursday.

  177. Jigga you are very far from the truth. VJ cannot be foreign affairs minister despite his experience because of track record of involvement in drugs. he cannot be allowed to enter certain countries.

  180. SCRUTINISE THE TYPE OF INVESTORS HAVING CONFIDENCE IN RB.MA BOGUS INVESTORS, AMA CHINESE, YOU WILL SEE.ALREADY 800 MINERS HAVE BEEN RETRENCHED TWO WEEKS AGO.NOW TELL ME WHICH INVESTORS?

  182. Bemba’s will never win elections on their own. In the past, Tonga’s used to help them and they thought they will help them again by telling HH to unite with SATA. No more one party state now but only those who are willing to be lead and lead will go though. Bembas MUST HUMBLE THEMSELVES NOW AND GOD WILL LIFT THEM. IF NOT, THEY WILL NEVER WIN AGAIN

  183. We have to put zambia first.Let no investors get all our money.I’m abroad and understand the problems we’re facing in the govt.No foreigner will develop zambia.Zambia will be developed by Zambians.So if u think investors will do everything 4 u then better u go 2 hell and leave true zambians to move zed forwad.some useless zambians don’t even think about the future of the country.Their interest is 2 gain right there.If we sell zambia our children will suffer as slaves.nowonder whites are clever than us.They always look for future instead of the present.Better he dies while doing right thing 4 children.unfornately a black man just wanna gain for himself forgetting the future .

  184. #178. PATRIOTIC FOOOOOOLS,

    You See LT is not a place to flaunt your ignorance and foooolishnes, but a place to contribute meaningfully to topics and issue at hand and defend your virtue it at all you have one, I am entitled to defend my dogma…

    in your case, i pity your educated mind which is going to waste by emitting absurdity….

    PF for Life.
    PABWAAAAAAAAAAAAAAAAATOOOOOOOOOOOOOOOOO>>>>

  185. An African will NEVER understand the culture of Money. So kumubepafye every time. So much talent and yet easily manipulated and only works for the basungu. Ian Smith (Southern Rhodesia – Zimbabwe) rightly said this guys will never run a government. So tuleimwena, tulesambilila. Very shortly South Africa will follow Suit!!!!!!!!. Awe ninshi na Africa pafita fititiiiiiiiiiii….

  186. Shikulu Shikulu bami nyunya nafuti???!!!!! awe chapwa nomba 2011, takuli namukota peleniko abaiche nomba. someone tell me, is Zambia devoid of young intellectuals who can successfully run the country, we need a zambian version of Obama for us. inkotizo twanaka nasho.

  188. 177 Kamunga.Nowhere have i stated that the info i shared is the truth that is why i said we’ll only know when RB announces his team.

  189. Where are all those weasels such as the Ponyaxes,the wafwa na pangas of this blog?There species have a high propensity to insult!We want to give them some of their own medicine in huge doses!

  190. Talk about the Kwacha in my pocket and not the so called rate rubbish!!! Its got nothing to do with RAPE and COOKING!!! Unga Unga Unga Unga!!!

    Just reduce VAT and others!!!

  191. Talk about the Kwacha in my pocket and not the so called rate rubbish!!! Its got nothing to do with RAPE and COOKING OIL!!! Unga Unga Unga Unga!!!

    Just reduce VAT and others!!!

  192. # 185 well said my bro, Africans will never understand the concept of money, and to add to your comment neither will they understand the concept of governance, what a deadly combination!!!!!!

  193. Zambia does not have weak labour laws. Some of you hate yourselves and therefore each other and do not support each other to go to the relevant authorities. Do you have any idea how frightened some foreigners are of the words ‘labour office’. Stop blaming other people for your personal weakness. Develop self-assertion and you can still get your way and your needs met without insulting others. There are things that we can improve on but the people who bring investment here work very hard and create employment. Perhaps some of you successful business owners can advise the rest of us on how to run a profitable business that reinvests and pays fairly.

  194. It is amazing to see that some people this blog seem to think that instead of talking about economic growth we should be talking about alleviating poverty. I must state that improving the economy is the first thing before poverty can go down. 60% are not happy with RB because they think RB is favouring investors. Even when you have children at home and you are saving so you can invest; they will complain about why Pizza intake has gone down, why they cant enjoy their ice-cream, why they can’t go for an outing etc. This is what some Zambians seem to suggest; they say why should we talk about investors coming to Zambia instead of providing jobs and putting more money in our pockets?

  195. #191 Your Royal Highness, please find out how and why the exchange rate affects you rape, cooking oil and unga. Because it does.

  197. PF is a one man party its even difficult to see a successor to Sata. if there is one he must start now because he wont much the populist, turn coat, insulting Cobra; ‘I will chase the Chinese, no the chinese are good, Mwanawasa is bad, no i am the only one with Mwanawasa’s vision, Chiluba is the only great president to run the country, no i want to be president also, we are winning this election, its a flawed election’. imwe bantu!

  199. All investors do is plead for low taxes. Pay us peanuts.

    Things have to be reversed. They must sweat for the profit. Our

    resources cant be going for free. Our leaders must run this country

    like a business and protect its resources. Its the only way out!!!

    The only way we shall develop is running our economy by

    participating fully in all activities especially by the GRZ.

    It must buy shares from the so called mines.

  201. Poverty is a state of mind. Just as alleviating poverty and creating wealth depends on who is doing the thinking and the doing.

  202. to choncholi celebrated Sata’s loss. tuma chinese investors rearing chickens in the nearby farms of Lusaka and selling them and cabbages at Soweto Market. This business is supposed to be for locals…. Shame!

  204. Thank God the spitting cobra is no where near state house eish. The cobra was just spitting insults during his campaign you could hardly sit with ba pongoshi to listen to a rally by PF particularly Sata. This is the kind of president PF Cadres wanted and they said,” he will change his insults when he gets to state House because he will have advisors”. I can imagine that all the children would be smoking and insulting emulating thier president. What a sigh of relief it was going to be the biggest disaster of this Country.

  205. Shu-ster . Zambians are the only ones that DO NOT see opportunities in our country. and when foreigners come and tap the same opportunities we start insulting them and asking them to live it to the locals. Why cant we grow cabbage and compete with the Chinese any law against that?

  206. #198 Sagem Sakala. I would suggest that you find out the relationship between the dollar and your standard of living. I am sure you have amongs your family and friends someone who has studied economics. The only reason i suggest this is because you will find it interesting and will come away from that LONG conversation more empowered.

  207. Can’t politician still get it. Investors are not there for the people, these are capitalists who want to get rich. No matter how many investors you bring in, if there are no good govt laws in place, like minimum wages, they will continue paying people K800,000 and out of this the govt takes tax from it and you boast that you have created jobs. Too comfortable to think of the poor workers. Its a shame indeed.

  208. #198 Sagem Sakala puuliiizeeee?It is simple!There are some imported inputs e.g machinery,chemicals,insecticides etc!

  210. #198 you seem to lack proper understanding of basic economics, do you understand what the term balance of payments is, if there are no dollars coming in even the bread on the shelves will become expensive, because for the bread to be brought to the state and condition for it to be sold, there is a cost that is directly or indirectly married to the us$. unless of cause if you want to start running your factories on water instead of gas, and firewood instead of electricity. as long as we need foreign imports we will need the dollar ..

  213. Yes #208 foo and #206 matrix there are some imports, although we should be able to make our own fertiliser and ploughs. However a strong kwacha (overvalued by “portfolio investors” – i.e. currency speculators) is bad for exports. Has that occurred to you?

  216. Dear PF,
    PF you have proved that your manifesto is what Zambia needs for now. Your views and intentions is what the real worker needs. The workers have clearly endorsed Sata for plot ONE.

    The poll results speak for themselves. MMD bought the ususpecting Easterners and other rural places with lower fertiliser prices. Mr Sata, you are strong enough, you will surely get to lead Zambia. We the workers feel you.

    What is Kwacha appreciation if it does not translate to lower mealie meal price?

  219. LT please stop analysing stories like the POST. What do you mean investors have confidence in RB than 60% of zambians??? Come on, use a bit of common sense; in a simple-majority election whichever winning candidate would have ended up with less than 50% of the vote. Even if sata had won he would have ended up with the only 40% (or less) vote. Nichani so ba LT??? Why are you coming up with polarising articles since the boat sank??? Please be more objective in your articles before you become another post newspaper

  220. #205, why should we have Chinese growing cabbages in our own country?? Why should we have Chinese labourers in our own country?? Our own people do not have jobs yet we bring these Chinese in Zambia. It is completely wrong, for one the Chinese cannot allow such things to hapen in China. They look after the interest of their citizens first

  221. Kaya #56 yes NCZ wil never be recapitalised. reason being MMD chaps busy awarding themselves contracts to supply fertilizer to supply the whole of Zambia i.e. through Miyombo Invetsiments owned By Magande cronies and Maureeen Kakubo Mwanawasa. NCZ voted for MMD in kafue so they voted for more closure of their company. They always close Mazabuka Lusaka Road in kafue whenever protesting but failed to redeem themselves. Shame Zambians shame.

  224. #216 #217 that is a valid point in SA the price of gas has gone down twice in the last two months, in line with the decline crude price the global price fell from $145 to around $60 per barrel, has this effect been reliased by the fellow Zedians back home, ask the so called BP and other foreign companies how much the net in profis??? surely a drop in crude prices and appreciating kwacha should give some benefits to the locals, prices in Zambia wamuyayaya eish!!!!

  225. Only if my bus fare is lowered will I believe the economy has picked-up! On the international market the price of crude oil is now lower than it was before the sudden increases, but our fuel prices are still the highest in Africa!

    Mr Sata I miss your pragmatism, but I’m patient till Zambia gives you a try. You shall surpass their perfomance by far! Let us continue what we’ve started. This time intensify with educating the East and South who caused our trailing with around 34 000 votes that they deserve far better than just artificially lower fertiliser prices. MMD has too many mistakes with Rupah in front of them, and we shall highlight all of them for the people to judge. Our alternative

  226. #1. MFUMU,
    Your analysis seems to follow the most basic straight line. Well reality does not follow such straight line. It will be very difficult for anyone to help you if you cant understand the basic fact I will give you. To produce Unga, the mealler needs maize which has to be transport from the farmer. The farmer needs machinery and farming imputs to produce the maize. The machines including vehicles for transporting the maize and finally the unga are imported; we dont make any amchinery in Zambia. Apart from importing the machinery you import fuel to move these machines which are involved in production and delivery of you unga to you nearest home-shop, yet you ask why we need dollar?

  227. #195, 198… I know it does to some extent when buying fertilizer. if the dollar is rated so high like it was days ago results in expensive imports… But my point is talking on a local scale we need cheap products and better jobs. I have a long list

    If we can produce lots of food and export lots of products we can talk less about this dollar. Its dependence that’s causing us so!!!! Don’t you think so????

  228. #213 Sagem u r right an overvalued kwacha would not be good for ZED,especially as ZED is a net exporter.But in a liberal economy,and without political interference except for the security regulations of the BOZ,the kwacha would position itself optimally
    ,only responding to the basic economic forces of supply and demand!

  229. #195, 198… I know it does to some extent when buying fertilizer. if the dollar is rated so high like it was days ago results in expensive imports… But my point is talking on a local scale we need cheap products and better jobs. I have a long list

    If we can produce lots of food and export lots of products we can talk less about this dollar. Its dependency that’s causing us so!!!! Don’t you think so????

  230. #226. Fine!
    This is why SATA manages to convince a lot of people with his charisma. Many people dont want to analyse anything; they think analysis is not good for your health – whichever doctor told them the lie!

  231. Our alternative will be their wish.

    We shall also prevail on the ECZ to recompile the voters register then encourage every registered voter specially our strongholds to cast their vote at 2011 show down.

    We shall go beyond 34 000 by far. There are more voters in our strongholds than the rest put together, if only they cast their vote.

    Come 2011 it’s PF, ni PABWATOOOOOO!

  233. SO what really happened in 48hrs for the kwacha to gain? Please can
    an economist explain in simple terms.Did Zambia export more or did the investors withdraw all the dollars from the banks and that they have now redeposited?
    Yes for sure every country needs foreign investment but investers should not come here to sell vegetables at the Tuesday market in Kabwata at the Anglican church and hold us at ransom during elections.This is one big form of rigging.

  234. Imwe people. For once stop insulting HH and Sata. If anything we need to pat them on the back and say THANK YOU to both of them for enhancing our democracy. Without their courage, we would have no competition. I especially salute SATA because despite his humble education he has managed to reach this far. Extremely few or none educated Zambians can match his political abilities. He is worth commending

  235. Lt, now that the elections are over could you go to your archive and remind us of RBs promises so that we follow them up. They were so many, we failed to keep track.
    # you are right. As if this idea of awarding themselves contract is not bad, but they are paid in full before they finish and later they abandon the work. How sad. The rich getting richer of course and the poor getting poor.

  236. The same pipo who voted for sata for the sole reason that he promised to chase away the chinese are the same one who cried foul when africans were victims of xenophobia in south africa. The bible says do unto others as you would like them to do unto you. Most zambians in the UK and US (especially PF carders) are doing menial jobs there; who has chased them? In this globalised world we cant afford to have such divisive leaders like sata. Who has stopped any zambian from selling matumbuwa at kamwala market? The chinese have seen a potential because zambians are too lazy; just waiting for sata to come and tell them what to do

  237. Fine! 226… I understand all that!!! Yes looked at things from the basic points of view!!All thats needed is cheap products …goods…Dont you think so? You want the how? Our neighbors like Malawi imports fuel and its cheap there!!! I cant bring out everything… Lets just be objective not subjective!!! I need cheap UNGA AND COOKING OIL!!!

  239. Sata should I have won My forex would have been worth a lot more so that I could have been spinning on beers and shining, Kwacha going up means bad news for people like us that went the guap

  240. #227 Mfumu your comment on food production and exports would be going in the right direction in terms of stabilising the currency, I am advised, but we are not an island and the dollar is for now the international currency. I am glad to see the shift in thought to policy. Let’s pool our knowledge and educate each other and expand our minds, therefore change our actions…that is the only way. Live up to your name oh Mfumu!!

  241. Sata is my presido. if i had money i my pockets, i would not be worrying about da school fees next year. if Education policies were good, i would not be worrying about school fees next year, now i have to because my kids are in private school. ine fye palwandi ni pabwato whatever names you call Sata, he is my presido!

  242. #236, compare the uneployment statistics of US and Zambia. Our soaring unemployment rates of above 40% do not justify the need to have Chinese labourers in Zambia. USA unemplyment is at 7% that is why they allow foreigners in to do shoddy jobs. Besides this the US citizens are not willing to do the menial jobs thats why foreiners do them. To the contrary Zambians are still clamoring for the menial jobs Chinese do

  243. #233 What is happening is the law of supply and demand. People with dollars held on to their dollars during the period of uncertainty. Now that elections are over, they have released those dollars on the market. More supply pushes down prices/rate.

    Secondly, dollar has also depreciated in USA due to elections there. So relatively ZMK has appreciated. Lets check the forex rate after US elections. However Zed political risk is now out of picture as investors know MMD. I am no Economist but I know enough.

  245. #237 yes its just unga and cooking oil – vegetables are in the backyard and with the onset of the rains every household shall be bondwe, chibwabwa, kalembula, impwa, mushroom, all delicacies.

  246. # 231 Sata in 2011? Have you seen him in public after his third defeat to the mighty “hour”. A prophet in Nigeria has prophesised the death of an opposition leader in southern Africa next year after loosing an election. I don’t know who it is!!!

  248. #233. True Story,
    What happened in 48 hours for the Kwacha to gain is that investors who had with held their investment monies for fear of SATA winning statrted offloading their dollar onto the market. Why the gradient was so sharp is because monies being released were not coming from an ordinary natural flow like all the other months but was coming from forex that was deliberately held by investors for security of their money from the leadership of SATA. So of caurse the money was simply waiting either get into the economy or taken out should SATA win. You must understand that foreign investment come by way of dollar, that is why you noticed that the Rand and pular were stable.

  249. # 244 iwe, kwata umuchinshi whatever the reason for you lossing that. remember that Sata could be the age of your parents even older than them and i hope you dont call your parents hopeless. Kwata amano. its time we brought on board valuable issues other than busy using bad language and insulting.

  250. #241 Right on! And we shall not leave any stone unchecked at 2011 starting now.

    Only those who need the US Dollar to buy expensive cars from Japan see the kwacha appreciating as meaningful; but for me with my daily trips to restock my market stall, its the bus fare that counts!

    Viva Sata who sees my plight and understands my heart.

    come 2011, ni PABWATOOOOOOOO

  251. #246 Tsvangirai probably. And since when did Zambians start listening to self-proclaimed prophets? Is it a Christian country to listen to these voodoo evangelists?

  252. Thanks Fine. Sometimes we are quick to talk or analyse and skip one or two points. Thanks. We shall always be talking here!!! I learn alot from you guys!!!

    Thanks!!! Will always be Mfumu!!!

  254. Instead of fake flags, LT should give PF supporters, the Bwato Symbol. I have been away from Zed for 10 years, maybe it is why I fail to understand why people are supporting Sata. Even my brother in Lusaka, is PF, young and educated.

  255. This pride in foreign investors is embarassing. What have foreign investors done to our economy, what social responsibilities have they embarked on in our communities. The solution to progressive foreign investmento that will trickle to the Zambian people is to inact Dual citizenship in our constitution. There are a lot of talented, proffessional, enterprising Zambians out there in other countries if given a chance of Dual citizenship can use the wealth, services & benefits of the developed countries to invest back home. These are the foreign investors because they have Zambia’s interest at heart. Remember Joseph in the Bible, it’s for a purpose that the Zambian diaspora is out there.

  256. #246

    The same Prophet had prophesised that the opposition will win and that there will be blood shed. Whetha you believe him its up to you

  257. #237. MFUMU,
    It is not correct to think that unga is expensive now because the govt is bad. Where you have everyone wanting to be a kaponya and no one wants to go into farming but shouting ‘Mmukwela, mukwela’ and chanting pabwato in town how can you have low price of food. You dont expect the goverment to go farming. You know that price is a function of supply and demand. Every kaponya wants to eat but doing nothing apart from complaining that the LCC is failing to provide services yet we have become too many in town with majority doing nothing but drinking from begged monies from people who work for it. And you expect the economy and standards of living to go up.

  259. #243 contd.

    Remeber that the US dollar has massively appreciated against all major currencies (except the Yen) so it is not likely that we will go back to the ZMK3,100 we saw earlir in the year. Many currencies have significantly lost value against the US$ – look at the Uk £, RSA Rand, Australia etc etc. Reason, global investors who put their money in commodities have gone back to the dollar as they fear a looming global recession, which has pushed down prices of commodities like copper. Australia’s money has lost 30% against the dollar. Risk averse Global investors have also moved their money from many countries, some of which have rushe to borrow from IMF – check Pakistan, Hungary.

  260. 257. cont’d…
    Changing governments will not change the economy if our attitudes do not change. Laziness must go. Laziness can be see clearly by getting excited when someone just tells you that you will have more money in your pocket then you want to vote for him. I was wondering how some manage to convince ladies by fake promisses, now i know humans are the same, male or female no difference when it comes to promisses – very vulnerable. If bill gates was waiting for the govt to develope software for him he would not have succeeded. You may say he was in a better business environment; well there were people in the same business environment but did not go anywhere, so what is your take?

  261. 253 BA ZEDI!!! Its just a riddle!!! But it makes sense!!! Didnt want to talk too much!!! Just be objective!!! You are affected!!! things have to be right somehow!!! even your pastor is affected… People dont give him much!!! You think I am joking!!! You have parents or a grandma or someone in the village!!! Think now!!

  262. #260 Sata is the guy to eliminate laziness, as he has shown himself able to do in his various ministries over the years – it’s a shame we can’t see some of it now

  264. Sata will never rule Zambia. lIVE WITH IT ALL YOU PF people. We’ll stop him in his tracks again in 2011 and get rid of him for good. The guy has no plan for Zambia he just wants to be president. His party has no constituion. He does not even understand basic economics. He used to work hard a long time ago fine but what we need now is an economist! Viva RB and 2011 HH. nO MORE Pabwato rubbish!!

  266. People let’s get to work and let’s give RB a chance. I believe that the only way Zed will develop is by changing our mind set towards work. Ubunang’ani tabulisha akasuma bane. To tell the truth you who are looking down on those people who are the village, most of them have 3 meals pay day. The question that i have is that most you haven’t been to your village to see how those people live so that you can make a better judgement for yourselves so respect their decision to vote for RB Some of you spend most your monies on alcohol and smoking over the expense of investment for the future. People who are rich today did not start with billioons but with small investment and grew big over de yrs

  267. #231 Anonymous Sata will be an ancestor by 2011.What is it with u PF cadres and Sata?When other parties will be looking to recruit the likes of Clive Chirwa,u still want to enter the mid 21st century with medieval politicians?Are u being objective or u just have a point to prove?Are u telling us that there is no one to take over from Sata?FYI,it is Sata people voted against,not PF.c’mon there is still some chance to salvage the Ubwato,just find a new healthy well exposed leader,not that old undereducated gas bag u r pushing at us!

  268. RB said in his inaugural speech that he will keep to teh 2006 MMd manifesto so there must be a guide here, which LPM was following.

    He also said he will operate within the FNDP and Vision 2030. These must be already well known by those who care to know. How then can people expect him to serious operate out of this. It will jeopardize MMD and compromise what they stand for. Listen to Kopulande, how he connected the workings of MMd since 1001. I think it made sense. Each 5 year term was focused to achive something. Look at Roadsip for instance, we are already in Phase II which is from 2004 to 2013. National road network is being worked on according to Roadsip, Cooperating partners Inc.

  269. Some of you are writing very long comments which some of us who are very busy in offices cannot manage to read. So please try to be brief.

  270. seems my investments are now secure and I can continue abusing gullible Zambians. when will you ever learn to stand up and open your eyes. As long as you are in cha cha cha cha era I’ll continue milking you. “How do you like me now….”

  271. National development requires planning. You don’t just put money in people’s pockets. You need short, medium and long term plans. You must plan to stabilize inflation, forex etc so that you can have sustainable growth. KK developed Zambia from a huge village to where we are by planning – remember the nat dev plans taught in primary school?

  272. #271 iwe wakulile kwisa, you call those houses built by Anglo America prior to 1964 in busakile development, i beg to disagree with you KK nationalized he never built. maybe one or two basic schools, for goodness sake he never built UNZA or did he someone correct me.

  275. MWILA BEPA MWA KULALY AM PULANI BA MMD? HAVE’NT YOU VISITED OTHER COUNTRIES LIKE BOTSWANA AND NAMIMBIA TO SEE HOW THEY LOOK AFTER THIR CITIZENS. YOU TALK ABOUT PLANS WHICH YOU CANT IMPLENT. BUNDA BWAKULY INDALAMA KU MA PLANNING WORK SHOPS. YOU MUST HAVE A HEARTY FOR POOR CITZENS NOT EVERYBODY IS FORTUNATE LIKE YOUR SELVES. SO WHO WILL SAV THE POOR AND DOWN TRODDEN. RIGHT NOW PEOPLE ARE DYING OF CHOLERA WHOSE RESPONSIBILITY IS IT TO PROVIDE CLEAN WATER AND HEALTH OF CITZENS IST AN INDIVIDUAL OR GOVERNMENT? NOT EVERY CITZEN HAS CAPACITY TO HAVE A BOREHOLE. MULE KUMBWA KO IFUO ABANEMEU BASUNGA ABELALA CHALO, MWILA SABAILA FYE NGA BA TETAMASHIMBA…..

  277. 2011….HH or Magande or Clive Chirwa…Viva educated pipo..villagers have shown that they are more educated than o of u!

  278. Investor confidence??? What does that mean in Zambia?? Does that mean that someone can piss all over you cause they are paying you?? Cant an investor abide to the laws of the land?? Even if the dollar has appreciated, how many Zambians have even ten dollars in their pockets?? Zambians wake up!!

  280. #272 Some people say FJT destroyed what KK built, referring to privatisation of Mansa Bateries, Chipata Byscles, Mwnilunga Pineapple, Mulungushi textiles, L/Stone motor assembly, Zamholt, etc and that FJT only resurfaced roads constructed by KK, such as Tuta road and those tarred all the way to Mwnilunga and all provincial HQs. If this is true, then KK did build something and opened up the country. I don’t know about UNZA, though I hear Israels or something like that helped out.

    Those national development plans taught in primary schools, they must have been real, I believed them. May be blame my teachers.

  282. #260 u are right we need to change our attitudes no one will ever meet our expectations.Investors treat us badly because they have seen that in zambia its one man/woman for themselves and they are simply doing probably worse what we already do.How many wealth Zambians are involved in community projects?Do we honestly expect investors to be socially responsible when we ourselves are not.

  283. #278. Angry,
    Puting money in people’s pockets without good investment policies will not improve anybody’s living standard. If you think I am kiding go and asks the Zimbabweans, they will tell you openly. The people with the largest amounts of money in their pockets (in fact pockets no longer make sense) are the Zimbabweans. So this business of empowering locals should not be just a handout; a handout of land, a handout of 25% shares etc but it must be deserved through noticeable hardwork. Ask Zimbabeans how they celebrated mugabe’s policies. They did so because of lack of analysis and foresight. The idea of failing to interpret the implecations of today’s events on tomorrow is dangerous.

  284. Hey people. Is it true VJ has been shot. Someone called me but source not reliable. Please OP guys help out with verification

  285. #280 i still disagree with you, KK was a socialist bordering on communist disguised as a humanist. Lets get one thing straight, manasa batteries and the likes went down because they were unprofitable and not otherwise, as for UBZ well i may give him credit, even in SA they have the metro bus which is meant to provide a public service, am sure even in the UK there must be public transport, (i think they call it the underground / tube / subway) the crux of the matter is real economic development, public services should be a by product of economic growth and development, All the mines under ZCCM were built by Anglo KK took over and NEVER opened new mines, now we are are begging for investors

  287. 278 YOU ARE NARROW MINDED AND HAVE FAKE ECONOMIC POLICIES WHICH ARE THEORETICAL, IT LOOKS LIKE YOU ARE EVEN BEHIND IN TERMS OF UNDERSTANDING GLOBAL AND REGIONAL SOCIAL AND POLITICAL ECONOMIC ISSUES. I CAN TELL YOU THAT THERE ARE QUITE A NUMBER OF ZIMBABWEAN YOU HAVE BECOME RICH AND OWN REGIONAL BANKS AD MOBILE PHONE COMPANIESSO DONT COMPARE THE CASE OF ZAMBIA AND THE INFLATION IN ZIM.

  288. #283 Fine. Good point: “The idea of failing to interpret the implecations of today’s events on tomorrow is dangerous”.

    For instance, Zimbabweans deserve to own land. But they also needed to be empowered to produce the same amount of agricultural output from that same repossesed land as the previous owners did. Some occupied commercial land and began substence farming on it, which mainly only feeds your immediate family. Within a short time, Zim started having food shortages, & failed to export some to earn forex. Even lazy chaps got land.

    Mugabe had a genuinely good idea to empower people but implications needed to be thought out. Some Zim are starving, despite good rains.

  289. I think all comments above are valuable in some way. Obviously they are not empty and so one can learn something – negative or positive – from them. RB is Zambia’s 4th President, weather you voted for or against him. FACT! Therefore, let us focus or direct our energies, time and other resources on what we can do (with RB in state house) to improve the quality of life of every ZAMBIAN. Lets put the election saga behind us and get back to serious work in order to better our lives. Thats why i get worried when i hear RB saying he is not in a hurry to put together his cabinet. Poverty, unemployment etc will not wait for him. So RB get down to work.

  290. They say two heads are better than one but also a larger misled crowed is more unproductive than the smaller one.60% Zambians are misled .

  291. Who still dispute that God is not their?
    He has just saved us from Sata(n)all those who still do not accept the outcome of the results to hell!

  292. Fellow Zambians,
    Lets not be cheated about the depreciation of the Kwacha. Someone played around with figures in order to threated us that things will not be ok if the opposition came into power. Quite alright, we need the investors but we do not need the Gong’a ones.It pains me as a Zambian to work for a reputable firm which brings in the so called experiates who are not qualified. When these Mwenyes are brought here, they are given hefty salaries, Accomodation and cars. But when it comes to work they know nothing and they depend on our experince.
    Does this government scruinise these Indians/Chinese’s qualifications before they are given work permits. Let us stand up for our mother Zambi

  293. LT,
    Do not be like the Post. Why are you emphasizing on the 60%? Please move on. RB won get, it in your thick skull. Your HH and Sata should try next time. Can you imagine if they had come together, the story could have been different now. I am happy though that RB won. He was the best candidate of the lot. Sata can never make a good president. He is too loud. Kaunda is right. Sata is only good for a Ministerial position. As for HH, let him shake of the tribal tag first.
    LT start building now. Stop the negative publicity.

  294. #277 Just a provoking thought, if wealthy Zambians who want to be leaders, like HH and Proff Chirwa have interests of the people at heart, how many community projects are they involved in? I stand to be enlightened.

  295. #285. Yes KK followed socialist phylosophies which seemed good at the time. The world has seen that full blown socialism is crap. That’s why we had the wind of change around 1991. Everyone now embraces capitalism, in various shades. Socialism is not efficient at creating wealth. Countries that followed socialism suffered backwardness in general. Even Russia itself. Cuba waste case right now.

    What we need is wealth creation, to make money to spend on education etc. That requires thoughtful planning, especially that we by ourselves dont have money to exploit our own resources.

  296. And just to add on fellow Zambians, these Indians dont even have their accounts here. They transfer all their monies to India. There are so many Qualified young men & women who are jobless not because there are no jobs but because their would be jobs are taken by these unqualified Indians. Our immigration Department is so porous and corrupt.
    My cry is; “Let a poor Zambian get the job first” Unless there is no one qualified for the job is when we can look for expetriates somewhere else.
    We are being oppressed in our very own land. Let us wake up!!!

  297. # 292. NEVER MIND,
    Now, are you saying that the villagers voted for RB because they were misguided by what you call ‘attificial’ depreciation of the Kwacha?

  298. #236 Sarah..I do agree with you.. Chinese think Zambians are lazy because of different work cultures.. a Zambia Builder will want a packet of Chibuku at the working site..and before he finishes building anything ..he’ll want you to pay him a little something..you pay him..he goes to a girlfriend and does not show up for work the following day…he’ll have funerals ,illnesses, and so many family problems which will delay the building process. Chinese work like ants, they live and work on site until the building is done.. they a little people but they build massive structures because of their work attitude.

  299. Fine!,
    Villagers know nothing about the depreciation of the Kwacha. Why didnt we vote for him in the major towns worse still even in Lusaka where state house is? We knew that was just artificial. I would suggest we shift State House to Mongu….
    Fine! I am sure you must be one of these Indians who busy celebrating. I doubt if you are a Zambian

  302. Is that the reason why Mopani sponsored the MMD party. Ladies and gentlemen MOPANI COPPER MINES PLC PUT IN A LOT OF MONEY SO THAT MMD COULD WIN.

    ZAMBIANS LETS FIGHT FOR ANOTHER FREEDOM.

  303. Who amongst you are looking after anyone other than your immediate family? When relatives constantly ask you for handouts what do you do. Or perhaps some of you are dependents blaming someone else that there aren’t enough jobs, opportunities. All this investor bashing….what would happen if the least of the investors left? How many of you provide employment and how much do you pay your employees?

  304. the stup!d investors know they can rape zambians, suck their blood and leave them in sh!t with the likes of banda as prezzy and that is the simple reason they are celebrating. the chinese don’t give a fu.ck about human rights in china let alone workers’ rights. they can do what they damn like especially in corrupt countries like zambia. go on investors, zambians have opened their legs wide open for you to sh.ag them as much as you like. rb is happy, dan kalale is happy, tetamashimba is happy but my folks in masala, chilenje and buchi are gnashing their teeth.

  305. Of course they have more confidence in him. They have every confidence that they can work with the MMD to strip Zambia of its resources and enrich themselves while they do it. It is a partnership made in heaven, if you are the investors or the MMD.

  307. “have you heard that journalists in Lusnaka are busy positioning themselves for appointment in the Bwezani administration?” NAMES PROVIDED….Incidentally even the publisher of Executive Issues is one of them.

  308. A LIVE DEBATE FOR ALL THE PRESIDENTIAL ASPIRANTS WAS NEEDED ON OUR TELEVISION STATIONS. IT WAS OBVIOUS THAT MR SATA AND HH, MIYANDA WERE NOT GOING TO SWAY THE RURAL POPULATION. THIS DEBATE WOULD HAVE OBVIOUSLY PLACED MR SATA AT A MORE LOWER LEVEL THAN THE VOTES HE ACCUMULATED. BURYING OUR HEADS IN THE SAND IS WHAT THE LUSAKA VOTERS DID. IT IS NOT ABOUT THE INVESTOR – IT IS ABOUT OURSELVES. IT IS NOT THE INVESTOR WHO IS JEALOUS OF HIS OWN BLACK ZAMBIAN SURPASSING HIM IN BUSINESS – IT IS OURSELVES AND THE POLICIES THAT HINDER OURSELVES. ZAMBIANS YOU ARE YOUR OWN ENEMIES. I KNOW – I AM IN BUSINESS. THE DOORS WHICH HAVE BEEN SHUT IN MY FACE ARE BY OUR OWN ZAMBIANS.

  309. WE AWAIT FOR 2011. IF ANY OF THE OPPOSITION CANDIDATES HAD BEEN LIKE THE BRILLIANT OBAMA – I WOULD HAVE VOTED FOR THEM. THEY INSTEAD STOOD ON THE PODIUM AND COMMITTED LIES. IF MR MAZOKA HAD BEEN ANY OTHER TRIBE BUT TONGA i WOULD STILL HAVE VOTED FOR THAT CANDIDATE. THIS ELECTION WAS MORE OF TRIBE THAN ISSUES. CREDIT CAN BE GIVEN TO HH FOR GOING BEYOND HIS SOUTHERN VOTE. THAT CANNOT BE SAID OF MR SATA. OUR BEMBA ZAMBIAN RELATIVES VOTED FOR TRIBE. THE VILLAGERS SAVED US FROM ANGER AND ACRYMONY WHICH WOULD HAVE ENGULFED US BY NOW. MR SATA IS NOT AND WILL NEVER BE A SINCERE MAN. THE PEOPLE ALSO SURROUNDING HIM DID NOT HELP MATTERS. HIS ISSUES IN 2006 WERE GOOD BUT HE LOST DIRECTION.

  310. Imwe ninshi mulecitila support ba Investor batuteka
    ubusha baleuma aba nensu. You are now slaves in your own
    country. Be wise enough and see how you have been robbed in day light.

  311. AM STILL IN DEEP SORROW THAT PABWATO LOST THE PRESIDENTIAL SEAT!THERE IS NOTHING THAT WE CAN DO APART FROM LIVING IN CONTINUITY OF POVERTY. THERE WILL BE NO CHANGE. RB OR NYAMA SOYA AND I CALL HIM (SLEEPING BEAUTY)COZ HE LIKES SLEEPING WILL TAKE US NOWHERE 44 YEARS OF INDEPENDENCE BUT NO CHANGE IN ZAMBIA POVERTY LEVELS GOING UP.THE POOR GETTING POORER, UNEMPLOYMENT, DUSTY ROADS AND SELFISH INVESTORS.OOH MY HEART WEEPS!!!FELLOW ZAMBIANS WHERE ARE WE HEADING TO? DOOM I GUESS.RB (SLEEPING BEAUTY HAS NO STRATEGY TO GOVERN ZAMBIA.ABASH SLEEPING BEAUTY!!!!!!

  314. I’ll right away seize your rss feed as I can not to find your e-mail subscription link or newsletter service. Do you have any? Please allow me understand so that I may subscribe. Thanks.

  315. Terrific paintings! That is the type of information that are meant to be shared across the web. Shame on Google for no longer positioning this post higher! Come on over and talk over with my web site . Thank you =)

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