Friday, June 6, 2025
Home Blog Page 1229

Zambia seeks restructure deal with creditors within six months

14

Zambia, the first African nation to seek debt relief from Eurobond holders since the onset of the pandemic, aims to reach a restructuring deal with creditors by the end of a six-month interest standstill it’s seeking, Finance Minister Bwalya Ng’andu said.

The government also plans to reach an agreement in principle with the International Monetary Fund over an economic program in the same time frame, he told bondholders in a web-cast on Tuesday.

Zambia’s $1 billion of Eurobonds due 2024 fell 1.5% to 51.28 cents on the dollar by 4:10 p.m. in London.

The southern African nation has over the past decade taken on nearly $12 billion of debt even as growth slowed and foreign-exchange reserves dwindled.

The pandemic accelerated the crisis, prompting the government last week to request an interest-payment holiday from holders of its $3 billion in Eurobonds while it plans a debt restructuring together with its adviser, Last zard Freres.

Zambia wants debt relief from commercial creditors similar to what the so-called Paris Club group of lender nations had agreed to under a G-20 initiative, according to Mr. Ng’andu.

The government’s requests for interest payment suspensions could provide nearly $1 billion in relief, according to a copy of the presentation Ng’andu delivered.

He didn’t take questions from creditors, saying he would respond to written requests.

“We are committed to fair and equitable treatment of all creditors,” he said. “We expect the same level of commitment from creditors.”

Mr. Ng’andu’s time frame to reaching deals with creditors and the IMF might be overambitious.

Eurobond holders want the government to first reach a deal with the International Monetary Fund over an economic program, and a general election scheduled for August next year may complicate that.

Neighboring Mozambique took about three years to restructure its Eurobonds after starting talks with investors in 2016, when it said it targeted a deal three months.

Lazard and White & Case advised that government too.

“Given Zambia’s complex creditor base, the debt restructuring there is expected to take some time,” Gerry Rice, an IMF spokesman, said last week.

IDC to secure $1bn to invest in Zambia Railways Limited

21

The Industrial Development Corporation says it will secure $1bn to invest in rolling stock and infrastructure that will modernise Zambia Railways Limited.

Group CEO Mr Mateyo Kaluba says negotiations are currently ongoing with development financiers and are expected to conclude before the end of the year.

He said the funds will be invested in rolling stock and new infrastructure such as upgrading of the rail tracks which will enable trains move at a desired speed of 80km per hour for freight trains and 120km per hour for passenger trains.

Mr Kaluba was confident that the new Board will play a role in transforming Zambia Railways to profitability and into a transnational hub in the SADC region.

He further assured the Board of IDC’s full support as shareholder.

Mr Kaluba said this during the inauguration of the ZRL board of directors yesterday.

And ZRL board chairperson, Dr Evans Chabala said his board is ready to provide entrepreneurial leadership to turn around the fortunes of ZRL.

The Board members are: Dr Evans Chabala (chairperson), Ms Christabel Reinke (vice – chairperson), Mr Abel Ng’andu, Mr Stanley Mwanguku, Mr Muchindu Kasongola, Mr Stephen Mbewe and Mr Christopher Musonda (ZRL CEO).

2021 National Budget does not Adequately Confront the Debt Crisis

9

The Minister of Finance Dr Bwalya Ng’andu presented to parliament the highly anticipated 2021 National Budget on 28th September 2020 under the theme “Stimulate Economic Recovery and Build Resilience to Safeguard Livelihoods and Protect the Vulnerable.” Within the context of the COVID-19 pandemic, the budget theme is aimed at providing a glimmer of hope in what have been challenging times. However, it is important to acknowledge as a nation that Zambia has in recent years and prior to the COVID-19 pandemic been hurtling toward a debt crisis. The Jesuit Centre for Theological (JCTR) is concerned that despite this precarious financial situation, the 2021 National Budget did not give this matter the serious attention it deserves. Specifically, JCTR expected that the Government will include in this Budget concrete measures on how the issue of unsustainable debt will be addressed within the financial year in focus.

According to the 2019 World Bank-IMF Debt Sustainability Analysis, Zambia is ranked as a “high risk of debt distress”. Government has been undertaking non-concessional borrowing and increased its expenditure borrowing patterns. This has led to a rapid and massive increase in Zambia’s debt stock. This fragile debt situation coupled with the advent of COVID 19 has drastically weakened our economic situation and is now undermining Zambia’s social development prospects.

As alluded to by the Minister in the proposed 2021 budget, external public debt stock increased to US$11.97 billion as at end-June 2020 from US$11.48 billion at the close of 2019. Representing an increase of 4.3%. Debt payments alone in the proposed budget will account for approximately 41% of the ZMW119 billion kwacha budget. This is higher than the combined allocation to key social sectors; Health, Education and Social protection that are only allocated 23.6%. A detailed look at the domestic stock also notes that government securities increased to K114.3 billion as at end of August 2020 from K80.2 billion as at end December 2019, inclusive of the K8 billion kwacha COVID-19 Bond. Furthermore, when looking at the 2021 resource envelope. It is clearly proposed that 44.9% will be financed through borrowing both domestic and external. This is higher than the 2020 proposed financing envelope that stood at 32.2%.

Although efforts have been made by Government to ensure that Zambia does not default on its obligations reflective through budget allocation towards debt and dismantling arrears, it should be noted that this is taking place at the expense of key national development imperatives. In line with the budget theme, JCTR clearly notes that it is highly unlikely that the budget will be able to deliver on ensuring that economic stimulation and resilience is attained. It is important to admit that the high indebtedness coupled with current economic and financial conditions such as low national reserves, high inflation rates and volatility of the currency, will render the aspiration of stimulating the economy impossible.

JCTR particularly wishes to bring to the attention of Government that the released budget makes no mention of how far the country has gone in setting aside funds towards repayment of the Eurobonds. In 2022, the first Eurobond worth $750 million matures after 10 years. Redemption of any debt in any given scenario works much better if the proceeds of the borrowed money are invested in productive sectors of the economy. This has not been the case for Zambia.

Nevertheless, JCTR applauds government on strides made to cancel, restructure and refinance existing loans. It was noted by the Minister of Finance that US$1.1 billion pipeline loans have been cancelled and US$280.0 million has been saved from the re-scoping of projects. This is indeed one step in the right direction. The Centre implores the Ministry of Finance to provide consistent periodic updates with as far as any liability management strategy aimed at putting our public debt on a sustainable trajectory.

JCTR reiterates that debt forgiveness or moratorium are not guaranteed and if given are not the Holy Grail to solving our debt problem. Therefore, deliberate efforts to tackle the challenge of debt head on beyond reliance on “debt forgiveness” must be made. Take for example, suspension of debt service payments totalling US$139.2 million expected under the G20 Debt Service Suspension Initiative (DSSI). This figure is equivalent to 0.6 per cent of GDP and 1.2 per cent of Zambia’s total external debt stock. The marginal impact of the DSSI on debt service requirements is explained by the structure of the financing of the country. Most of the public sector borrowing originates from multilateral and private sources. These creditors account for 73.3 per cent of external public debt.

It cannot be overstated that high debt servicing has evidently compromised budget allocations to social sectors such as education, health and social protection. Budget credibility does continue to be of concern for JCTR as budget execution has over the years been very poor in Zambia. Expenditure outturns have time and again been at variance with budget allocations. For instance while a call in 2019 was made to narrow the fiscal deficit to 5.5% of GDP. The outturn stood at 11.7%. The result: cutting of social sector spending thereby compromising human development outcomes. It thus remains imperative that debt sustainability is operationalized through our own commitment to do better for our nation and this must be reflected in all key national macro-economic frameworks especially the National Budget.

For further clarifications contact the Social and Economic Development (SED) Programme at the Jesuit Centre for Theological Reflection (JCTR) on 0955295881 and 0977883129 -0954755319. Email: [email protected] and [email protected]. Martin Mwamba Road, Plot 3813 Martin Mwamba Road, Olympia Park – Lusaka. P. O. Box 37774 Lusaka – Zambia

Education partners to power, digitalize laboratories in rural schools

3

Ministry of General Education Permanent Secretary for Technical Services Jobbicks Kalumba says his Ministry, working with Extra Inch Technologies will construct 64 solar and electric power digital laboratories across the country.

Dr. Kalumba added that government is committed towards the provision of digital education for all learners, adding that among the 64 laboratories, 10 centres will be for children with special educational needs and 10 centres in correctional facilities.

Dr. Kalumba said he was impressed with the role Information Communication Technology (ICTs) play in ensuring that the goal in digital education provision are actualised in remotest areas of the country.

He noted that the ministry officials and the learners should embrace the innovation and use it as a foundation growth in the area of flexible digital learning.

The Permanent Secretary was speaking at the signing ceremony between the Ministry of General Education and Extra Inch Technology

Dr. Kalumba said that taking technology to the remote and rural areas has been a challenge to the ministry.

“Tasking technology to our remote and rural areas has been a great challenge to our ministry and provision of digital technology to our learners with special educational needs has been but a dream of our ministry, your coming to partner with our ministry has given us hope” he said.

Speaking at the same event, Mr. Kalumba said that no school going child will die from coronavirus because government has put up strict health guidelines in all the schools.

He said that parents should not panic, as he reassured the nation that safe learning environment for the learners was guaranteed.

Dr. Kalumba said learning will continue with no obstruction provided that all the schools follow the health guidelines provided by the ministry of health.

He revealed that his ministry will begin awarding schools that have performed well in ensuring that the health guidelines are adhered.

Dr. Kalumba further called on cooperating partners to come on board to supplement government by providing face to the learners.

Livestock sector catalyst to ending poverty – Professor Luo

4

Fisheries and Livestock Minister Nkandu Luo says the livestock sector in the country has potential to end poverty among rural farmers.

And Prof Luo has handed over 1000 Sassol layer chickens and 70 goats under the Enhanced Small Livestock Intensification program (E-SLIP) to women cooperatives in Nyimba District of Eastern Province.

Addressing women cooperative members during the livestock handover ceremony, Prof Luo said poor management of livestock, leading to diseases such as New Castle has in the past made farmers not to appreciate livestock farming.

She said the livestock programme under her ministry is aimed at improving capacity of rearing livestock with a view of ending hunger among rural households.

“We are here to end hunger. The reason why you are hungry is because you have not been promoting livestock in the manner it should be promoted,” Prof Luo said.

The Minister appealed to the beneficiaries of the project to manage their livestock well as her ministry will provide incubators to hatch the eggs.

“The reason why we are giving these chickens is not to eat please. These chickens should not be found in the pot please. Let your chickens multiply. The chickens we are giving you can produce a lot of eggs. From the eggs you will get more chickens. It is only after they have multiplied should you eat the chicken or eggs,” the Minister said.

The Minister reiterated her message that 50 percent of the positions in women cooperatives must be occupied by women members, while youths and men should share 30 and 20 percent positions, respectively.

The Minister also urged farmers in the district to think of value addition to all the activities they conduct.

“Do not throw away anything from your livestock. The chicken and goat droppings can be used as manure in your garden or can be sold to people that have gardens. The cattle trotters can be grinded and added to livestock feed as they are a great source of nutrients that are needed in livestock to make it tender or can be used to make chair accessories, while animal skin can be used to make shoes and other accessories,” she explained.

The project in the district in being implemented under a pass-on model, with the group that receives the breeding livestock distributing the off-springs to the next round of beneficiaries.

CBU introduces undergraduate training in Tourism and Hospitality studies

5

The Copperbelt University (CBU) has introduced an undergraduate training programme in Tourism and Hospitality in a bid to contribute to the improvement of tourism in the country.

Speaking during the Commemorations of the World Tourism Day in Kitwe over the weekend, CBU Vice Chancellor Professor Naison Ngoma said the introduction of the study programme will ensure that the industry is equipped with well trained personnel who will provide excellent services.

“The Copperbelt University recognizes the important role the tourism industry plays in national development hence its decision to contribute to the development of the industry through the introduction of the Tourism and Hospitality study programme that will commence next year,” Professor Ngoma said.

He added that the University has also shown interest in rural development of tourism in the country’s Northern circuit where it will adopt and develop tourism attraction centres which will also be used as training centres for students.

Professor Ngoma said a feasibility study has already been conducted in some selected parts of the Northern Circuit with the intention of developing national heritage sites.

He cited the selected sites as Ntumbachushi, Kabwelume, Lumangwe and Kasaba bay in the northern circuit.

The Professor noted that the presence of CBU in these heritage sites will have a multi-plier effect in these areas in terms of infrastructure development and economic development as people will begin engaging in income generating ventures.

And Kitwe District Commissioner Chileshe Bweupe said government looks to the tourism sector to drive recovery from the effects of the Covid-19 pandemic through the inclusion of rural communities where the sector is a leading employer and economic pillar.

In a speech read for him by Kitwe District Agriculture Coordinator Rapheal Muyaule, Mr. Bweupe said rural tourism needs to be encouraged to promote infrastructure development in rural areas, promote domestic tourism and creation of employment and income generation for the rural population.

And Copperbelt Regional Tourism Development Coordinator Twaambo Muzyamba said the Ministry of Tourism is focusing on domestic tourism in the face of Covid-19 pandemic which has resulted in a drastic drop in international tourist arrivals.

Ms. Muzyamba also commended CBU for introducing a training programme in Tourism and Hospitality as that will improve service delivery in the hospitality facilities.

He noted that most lodges and hotels do not offer standard services due to lack of well trained personnel.

She was optimistic that the study programme will help uplift hospitality services in the country.

This year’s World Tourism Day commemorations were held under the theme “Tourism and Rural Development”.

Zambia Police in running battles with Ex-Mopani Employees

6

POLICE in Kitwe yesterday fought running battles with over 50 Mopani Ex-Mine Contractor company employees who stormed the mine officers along Central street demanding for ex-gracia money.

The mine ex-employees complained about the criterion Mopani was using to select who was eligible for the Ex-gracia money.

Around 09:00hrs the ex-miners matched to Mopani central offices, where they demanded to be addressed by management over the matter.

But police in riot gear quickly came to disperse them but later reiterated by throwing stones and other objects at the officers.

However the police managed to quell the riots but the ex-miners then matched to Katilungu house to meet Mineworkers Union of Zambia (MUZ) officials.

And Speaking on behalf of the other ex-miners, Jairos Nyirenda said some of the miners that have been paid are not appearing on the list.

Mr Nyirenda has since appealed to Minister of Mines and Minerals Development Richard Musukwa to intervene in the matter.

And Copperbelt Commissioner of Police Charity Katanga confirmed that the ex-miners protested but that there were no arrests made.

Mrs Katanga said the miners were complaining about the criteria which the mine was using to pay the ex-miners the ex-gracia.

“Others complained that their names were omitted, others were appearing on the list but were not paid while others complained of being not eligible to get the payment,” she said.

Mrs Katanga, however, said management at the mine has asked the companies and the workers to come to their offices for a verification exercise.

Early this year, the mine had placed its mines in Kitwe and Mufulira on care and maintenance and sent about 11,000 direct and indirect employees on forced leave.

However, the mine went further to terminate contracts for some companies, which resulted in over 7,000 indirect employees losing their jobs.

After holding talks with Government, the mine decided to resume operations but gave a 90 day notice that it would again suspend operations.

But some companies refused to go back on site, saying it would be very expensive for them to mobilise the equipment.

The mine then decided to pay the indirect employees working for the contractors K11, 000 ex-gracia in addition to their separation packages.

Miners eligible to be paid ex-gracia are those that were working at the mine under a contractor before April, 8, this year.

We are 18.5 billion dollars in debt, our debt to GDP position is 104%-Finance Minister

54

Finance Minister Bwalya Ng’andu has revealed that Zambia’s total indebtedness now stands at $18.5billion.

This is inclusive of continent liabilities and debt owed by State Owned Entities with an average interest of 4.5%.

Speaking during the investor call following Zambia’s request to defer coupon payments on its dollar bonds for 6 months, Dr Ng’andu told bondholders that Zambia’s debt position to gross domestic product was 104%, breaching the IMF and World Bank threshold of 35%.

“Zambia is spending half of government revenue collections to service interest on debt currently compared to a few years ago when only 20% of revenues would be channeled towards interest obligations,” Dr. Nga’ndu said.

“It is become increasingly difficult to service debt. Of the $18.5bn, external debt owed by government directly is $11.97bn while the remainder reflects obligations by SOEs and is also in contingent liabilities, he said.

Dr Nga’ndu advised investors that the pandemic period has necessitated the ask to defer interest payment so as to create fiscal space as this will allow survival in crisis time while hedging the country against interest penalties for delayed payments.

“Debt stand still is required for us to work with the IMF. We are working within the Debt Service Suspension Initiative – DSSI rules to qualify for the upper credit crunch program by the lender,” Dr. Ng’andu said.

“As is we are in breach of the IMF benchmarks. We are strongly committed towards implementing reforms that will address fragility. We will aggressively pursue systematic creditor and debt management strategy.”

Mobile Phone Service Providers urged to serve their clients better

5

The government has implored the three mobile service providers in the country to be innovative and serve their clients better.

Transport and Communications Minister Hon Mutotwe Kafwaya says recently, the government slapped fines on all the three mobile service providers to show them that the state is not happy with the quality of service being provided to the people.

Speaking when he featured on Chondibaba Programme on Kwithu FM on Tuesday, Hon Kafwaya said the mobile service providers should always look for opportunities in order to make the lives of their customers better.

“I think even myself, I have experienced poor network even here in Lusaka and other places. I was talking to the Chief Executive Officer for Airtel some months ago who told me that one problem is with road expansions especially here in Lusaka because some cables are tempered by contractors where some data passes. We must find a way of serving our people better, and we must always look for opportunities to make life easier for the people,” he said.

He stated that the government has been clear on this issue of ensuring that mobile service providers serve their clients better.

Hon Kafwaya also said this is the more reason why the government wants to introduce a fourth mobile service provider to create competition in the sector as this will result in better service provision by the providers.

“I have instructed ZICTA to procure another company to become a fourth mobile service provider in the country. And so, ZICTA is in the process of procuring that entity. An advert came out about two or three weeks ago, I hope they are getting the interests,” he added.

The Minister said there are other measures that the government is taking in order to improve the services in the telecommunication sector.

Hon Kafwaya further said the government has invested heavily in the telecommunication sector such as the installation of 1, 009 towers in order to improve connectivity in the country.

Micho Rolls Out October Friendly Strategy

1

Micho has rolled out his strategy on Chipolopolo’s jam-packed October international friendly calendar.
Chipolopolo will return to action  after a seven month Covid-19 lockdown against Malawi at home on October 7,Kenya away on October 11 in Nairobi and Bafana Bafana on October 13 at Rustenburg.

A team of 40 home-based players entered camp in Lusaka on Monday  and will be joined by 13  foreign-based call-ups next week.
“We started yesterday (September 28) our journey in preparation for the triple-header friendly matches against Malawi, Kenya and South Africa,” Micho said after Tuesday morning training at Nkoloma Stadium in Lusaka.

“We have completed the squad with 40 local players that we are looking at, and we are also looking at a few more players,” Micho said.

“At present, we are assessing the state of the players where they have been in the context of it has been lockdown, the league that had then continued and then had been stopped and is now in preseason.

“And I want to give credit to the Zambian coaches who have put the players in the correct fitness and shape.

” We had left our respective teams and coaches to work and put the players into the correct fitness shape for almost one month, so now  before the league starts, we shall have them.

“We are looking at by Sunday, to reduce the team to 20 or 24 players that will be in contention with 13 players; the seven players from Europe and six invited from the African continent.”

Micho said that he expects to field his local prospects for the 2021 CHAN tournament in the friendly against Malawi.

CHAN is a second tier AFCON for home-based players.

 “We shall make a competitive squad with the first game against Malawi, we shall give a chance mostly to the local players and those outside who we have not seen enough action,” Micho said.

“In the first two matches against Malawi and Kenya, we want to see the best-of – the-best of ours so that we have a general checkup before  the  game against Bafana Bafana so that we see where we are, how we are, and in which direction to go.

“And with the squad that will go to Kenya and South Africa, whoever will not be able to play against Bafana Bafana, we are looking for a high-profile international friendly against one of the top three South African clubs; Pirates, Chiefs or   Mamelodi Sundowns so that everyone is tested whether they are capable to serve competitive matches in November against Botswana.”

Chipolopolo is  using  the  October  dates  to  warm-up for  the  restart of competitive  action that  was halted since March due  to the Covid-19 pandemic.

Zambia will face Botswana in their rescheduled 2021 AFCON Group H qualifier doubleheader at home and away on November 9 and 17 respectively.

After two rounds of matches played in Group H, Chipolopolo are bottom of the pool with zero  points, Botswana third  with  1 points  while Zimbabwe  and Algeria  have  4 and 6  points respectively

Chisi Gives Croatia Report Card on Chipolopolo U15

0

Chipolopolo U15 coach Chisi Mbewe has stated that junior football development was the biggest winner despite the challenges his team faced at the just-ended Eight -Team Tournament in Croatia.

Zambia played only two out of their four schedule games due to tournament organizational problems and positive cases of Covid-19.

Chipolopolo U15 withdrew from their 3rd and 4th playoff match against Qatar on Sunday due to two positive cases after earlier seeing their opening Group B match against North Macedonia last Wednesday cancelled due to an organizational matter.

But Mbewe’s team later beat Bosnia and Herzegovina 2-1 and lost to Romania by the same margin in their other Group B matches.

“I would say it was a good outing although it had to be cancelled because the boys had been exposed to Covid,” Mbewe said.

“But it (the tournament) was a motivation factor. Again, to the young boys, all I can say is we really need to continue supporting these young boys because these are the future national team players.

“We did not win any awards but the most important thing is, when you are working with this age group, is the developmental aspect.

“We have seen so much skills from these young boys which we really need to work on and we will continue supporting them.

“These boys need to be natured; these boys need to be supported, so that when they grow up, they don’t depart from what we are teaching them.”

Stakeholders praise President Lungu for assuring ECZ autonomy

27

The Anti-Voter Apathy Project (AVAP) has commended President Edgar Lungu for assuring the autonomy of the Electoral Commission of Zambia as the country heads towards the 2021 general elections.

Copperbelt AVAP Regional Coordinator Foster Jumbe says the pronouncement by the President clears the suspicions that some electoral stakeholders had on the commission and the ruling party.

“The pronouncement by the President is timely and will instill people’s confidence in the country’s electoral process as it eliminates negative suspicious that some electoral stakeholders had in the commission and the PF,” Mr. Jumbe said.

He noted that the accusations that some stake holders are making against the Commission and the Patriotic Front can cause voter apathy as people would be discouraged to vote if they begin to think that the commission decides who should win an election through rigging.

Mr. Jumbe said negative statements against the commission are a danger to the country’s democracy and can even disrupt the peace that the country is enjoying.

And in a separate interview, Operation Young Vote Copperbelt coordinator Guess Nyirenda said the pronouncement by the President is timely and welcome.

Mr. Nyirenda said the pronouncement will also instill confidence in the Electoral Commission of Zambia as the country draws closer to the general elections in August next year.

He however urged the commission to be seen to be independent in its actions on the ground.

“The commission should not only be independent on paper but it should also be seen to be independent in its actions,” he said.

Yesterday President Edgar Lungu said he will ensure that ECZ operates independently from any political interference.

Meanwhile, Kabompo District Stakeholders Association Chairperson, Rodgers Chinyemba has appealed to the Electoral Commission of Zambia (ECZ) to intensify sensitization programmes on the ongoing online pre-voter registration exercise.

Mr. Chinyemba said the commission should place more adverts on both radio and television simplifying the online voter registration exercise to avoid disenfranchising the majority in the rural areas.

He told ZANIS in an interview today that though the commission explained that it will capture others during the physical voter registration, it is only fair to ensure those in the rural parts of the country also have a chance to be captured at first glance.

“We are appealing to the ECZ to put more radio and TV adverts on the online voter registration as there are many people especially in our rural and remote areas who have no idea what is happening in the nation.

“Please place more adverts even in local languages to help simplify the procedure on how people can pre-register online for their voters’ cards”, Mr. Chinyemba said.

He said the commission should also come up with incentives for local internet businesses that are closer to the people so that more people can register to vote as it is their constitutional right.

“Let them come up with a programme to reward some community internet cafes so that the more they pre-register people they get something at the end of the day, not everyone owns a smartphone or has access to the internet”, Mr. Chinyemba said.

And speaking in a separate interview, a senior citizen, White Samulola said it is unrealistic for the commission to achieve a target of nine million in 30 days unless if the online pre-registration was a final exercise.

Mr. Samulola said that reflections from previous voter registration exercise of 2015/2016 showed that only about one million plus new voters were registered as voters in the first 30 days of that period until an extension was given to capture more voters.

“It is physically impossible for the commission to reach the nine million new voter registrations in 30 days as it can be proven from what happened in 2015/2016 voter registration exercise. What magic will they use this time unless maybe when they extend that 30 days”, Mr Samulola said.

The Electoral Commission of Zambia recently launched the online voter pre-registration exercise which is expected to run from September 21 to November 6, 2020.

Meanwhile, Kabompo District Pastor’s Fellowship Chairperson, Godfrey Fulani has advised civil society organisations (CSOs) and all existing faith based organisations to help encourage people to register as voters through sensitization.

“This is a very important period for our country, so let us all join hands and help one another by encouraging our members of society to register as voters during this period.

“Remember no one will be allowed to vote if they will not register as voters.” Rev. Fulani said.

Rev. Fulani said the CSOs and the church need to show relevance at this time as this is among the reasons they exist in the many societies.

Decency In Politics and the Good Governance Practices-Cardinal to National Building

9


By Lucky Mulusa

Dr. Mumba’s press address regarding the recently held Lukashya bye-election left me with a feeling of profound sense of worry for our nation. Our politics have degenerated into a tool of national destruction rather than one for national building. He covered a wide range of issues from electoral malpractices, general maladministration, to insults and personal attacks. But interesting to note in his address was how he dedicated almost half of it, to the damaged relationship between himself and one Raphael Nakachinda.

When people who are in particular positions of favour because of a foundation that was favourably created for them, make insulting the sponsors, their stock-in-trade, you can really feel the way Dr. Mumba feels. Its difficult to think that Raphael would manage relationships any differently and so advice to him is an exercise in futility. What he has done to Dr. Mumba, he has done it to Hon. Mutati and will do it to others as and when it suits him.

I cant imagine myself insulting President Lungu under any circumstance.

This is simply because of my history with him. I do not agree with a lot of things happening under his watch, but still I can’t insult him. For example:

  1. While Lusaka is undergoing decongestion through the current road works, the government should not have embarked on an ambitious programme to recongest Lusaka by squeezing a 25,000 sitting capacity conference complex between Parliament building and Mulungushi Conference Centre. Imagine the traffic into the Arcades area from all over the city delivering delegates!
  2. The fact that over four years after the enactment of the 2016 constitution, the Ministry of Justice has not operationalized the office of the Public Protector, through the creation of a Parliamentary Committee, into which the Public Protector is supposed to report issues of maladministration;
  3. The numerous retirements of innocent citizens through the so-called “national interest” quoting the President who, more often than note is not even aware; and
  4. There are a lot of things happening, but then, I can’t insult anybody.

While nothing in life is permanent including political offices, one day, with God on everybody’s side, every single individual in the current Cabinet will be retired to the terraces, from where they will watch others govern this country using the same treacherous laws and policies being promulgated today. This means that unless there is intervention, the culture of insults, violence insolence, arrogance of incumbency, just to mention a few, might linger on long enough for them to experience the impact of them from outside government. So when given an opportunity to govern, do it as if you are the governed so that you may create favourable legal, economic, and social environment for yourself beyond your tenure.

Regarding Dr. Mumba’s lamentations over the PF’s alleged misconduct over electoral practices in Lukashya constituency, I have this to say: Katz (1997, p 3) writes, ‘elections are the defining institution of modern democracy.

During the brief period of an election campaign, voters are the masters and seen to be so.’ To examine the electoral process as Dr. Mumba did is therefore to analyze the central device which has made representative democracy a feasible proposition for emerging democracies.

Leaders in their tour of duty, must always ensure that the major accomplishment of liberal politics, that is rule of law that affords protection for individual rights and a means of resolving disputes between citizens and the state is never subverted. Consistently, the “rule of men” must never be allowed to replace the “rule of law” through enactment of laws that reverse achievement in liberal democracy that has ensured leaders are constantly ensnared in the threads of legal restraint. For our case, operationalization of the Office of the Public Protector would go a long way towards that objective.

I have always wondered, whether thoughts of a future outside power ever cross the minds of leaders in positions of authority. Will they be happy and proud of the environment they would have created for the nation? Will they be happy with the culture of violence and insults they are cultivating and sustaining now and to which they will most likely fall victim? When President Chiluba, MHSCRIEP, left office, he found Zambia to be a prison without walls due to the toxic environment he had helped create and sustain. He was heckled, insulted and could not even drive around in a car with windows open nor step out to greet people. It’s the same cadres he had used to call Mwanawasa all sorts of names, who needed another target and the target was himself (Chiluba).
Sanity, decency, and good governance practices in politics are some cardinal possessions no politician must lose.

IMF says it’s Keen to Support Zambia, but the Country has Complex Debt Profile

27

The International Monetary Fund says discussions with the Zambian government on how to support the country will take some time due to the complex nature of its debt profile.

Commenting on Zambia’s decision to engage bond holders for a six-month payment break, the IMF says it is keen on supporting Zambia and other members countries with their debt problems .

IMF Communications Director Gerry Rice said talks are continuing with the Zambian government on how best the country can be assisted.

“What I can say is discussions with Zambian authorities on how we can best support Zambia in the current environment are, indeed, ongoing. I don’t have a date on when those discussions may come to fruition,” Fr Rice said.

“So what I can say is that given Zambia’s complex creditor base, the debt restricting there is expected to take some time,” he said.

“We are working closely with member countries on their debt issues. You know, clearly there will be some cases where debt restricting will be required to help the countries recover from the crisis and restore debt sustainability.”

He added, “But currently, our main goal is to support the international community in working together to help countries avoid such scenarios wherever possible. But clearly, the costs of the pandemic have led to increasing debt burdens for a number of countries, and as I say, we are working with them closely to try and resolve those issues.”

IDC appoints a new Zambia Railways Board

10

The Industrial Development Corporation (IDC) has appointed new Board of Directors for Zambia Railways Limited (ZRL).

Speaking at the inauguration ceremony on Monday, IDC Group CEO Mr Mateyo Kaluba told the new Board that the vision of IDC is to have a modernized railway company with improved operational efficiencies, service delivery standards as well as profitability.

Mr Kaluba said the growth of Zambia Railways is necessary as it will ultimately contribute to economic growth of the country.

“As shareholders we are elated by ZRL’s strategic direction of transforming the railway company into a total logistics solution provider. The transformation agenda fits in with the IDC goal on value addition” said Mr Kaluba.

Mr Kaluba has urged the new Board to play a pivotal role in positioning ZRL as a key player in transforming Zambia into a transport hub given the divergent areas of expertise and experience of the members.

“The introduction of SI No. 7 of 2018 on heavy and bulk cargo remains one of the many milestones witnessed in the history of the rail subsector in the country. In the last few years, ZRL has recorded an increase in both tonnage and revenue of about 31 percent and 25 percent respectively” the IDC Group CEO said.

Meanwhile new ZRL Board Chairperson Dr. Evans Chabala reiterated the significant role that the railways play in the economy stating that having ZRL as a viable logistics business would also ensure that there is competition in the market regarding freight costs which would translate into better financial performance of business.

“Imagine a scenario where Zambia Railways hauls a total of 6million tonnes a year. That would be equivalent to 200,000 trips of road freight trucks. The impact of this on the economy would be phenomenal. In addition, removing so many trucks from the road network would allow the economy to save significantly in terms of the cost of maintenance of roads due to the wear and tear” said Dr Chabala.

The newly appointed Directors are Dr Evans Chabala who is the Chairperson,Kabwe Chamber of Commerce and Industry President, Ms Christabel Ngongola –Reinke (Vice Chairperson) ,Engineering Insitution of Zambia President , Eng. Abel Ng’andu (Member) , Director Planning and Monitoring at Ministry of Transport and Communications, Mr Stephen Mbewe (Member), Kabwe Businessman, Mr Stanley Mwangule Kasengo (Member) and Chief Investments Officer at IDC Mr Muchindu Kasongola (Member).

IDC new Board of Directors for Zambia Railways Limited (ZR
IDC new Board of Directors for Zambia Railways Limited (ZR