President Mwanawasa says government will remain focused at implementing policies aimed at boosting further growth in the country’s economy.
President Mwanawasa said government’s determination to implementing policies for economic growth is based on the need to enable Zambia achieve economic independence and improve the overall living standards for the people.
Dr. Mwanawasa said this in his independence message to the nation delivered on the
Zambia National Broadcasting Corporation, ZNBC, Television on the eve of the 43rd
Independence Day celebrations.
“We have sustained political independence for the last 43 years and we must continue
to do so. It is now time to docus on a level of eceonomic independence that will
benefit all the citizens for the betterment of theirs lives,” President Mwanawasa
said.
This year’s independence day is being commemorated under the theme, ‘Forging a
common future anchored on national pride and sustainable development through
citizen’s participation’.
Dr. Mwanawasa, however, said government has embarked on various economic empowerment
programmes aimed at enhancing people’s participation in national economic
activities.
He cited the enactment of the Citizens Economic Empowerment Act that established the
Economic Empowerment Fund as among practical measures taken to encourage people’s
participation in the production of goods and services.
“In an effort to empower our people to effectively and fully participate in economic
activities, the New Deal Government has enacted the Citizens Economic Empowerment
Act of 2006, ” he said.
“This Act, among other things, has established the Citizens Economic Empowerment
Fund and promotes the economic empowerment of targeted citizens to participate in
the ownership of production of goods and services,” he added.
He said, in view of this government has appointed the Citizens Economic Empowerment
Commission to facilitate the citizens’ effective participation in economic
activities.
Dr. Mwanawasa also said government has posted a number of economic achievements that
include the improvement of the national Growth Domestic Product, GDP, which
currently stands at 5.8 per cent and the reduction in Statutory Reserve Ration from
14 per cent to Eight per cent.
He said the reduction in statutory reserve ratio is expected to translate into
reduced lending rates in commercial banks and increase citizens’ access to capital
for engagement in various economic activities.
The president also observed that prudent fiscal management and economic stability
have helped reduce inflation, which currently stands at 9.3 per cent and increased
investment inflow in the country, that now stands at US$693 million.
“The maintenance of macro economic stability coupled with prudent fiscal management
has led to the reduction of inflation to a single digit of 9.3 per cent as of
September 2007. There has been a significant increase in investment inflows in the
first six months of this year, totalling US $693 million.
Dr. Mwanawasa also indicated that the ongoing exploration for oil and mineral
deposits in northwestern province is evident of increased developments in the mining
sector that are as a result of the prudent economic policies being implemented by
government.
As regards the impending establishment of the Multi Facility Economic Zones, in
Chambishi and Lusaka, President Mwanawasa is confident that more jobs would be
created for the people.
In the area of agriculture, Dr. Mwanawasa said good policies and strategies have
helped achieve improved performance but he, however, acknowleged the challenges of
livestock diseases that continue to threaten development of the sector.
He nevertheless, said government would not relent in efforts of implementing
measures that will ensiure the realisation of the full potential of the agriculture
sector to national economic development.
And Dr. Mwanawasa called upon Zambians to embrace HIV/AIDS sensitisation programmes
in order to help reduce the spread of the virus and create a healthier environment
for economic growth.
He said government is working out deliberate measures to increase access of people
living with HIV to Antiretroviral treatment in an effort to enhance their
contribution to national economic programmes.
He said the HIV/AIDS disease still remains one of the serious challenges affecting
national economic development. He said government was concerned with the rate of
Mother-to-Child Transmission, MTCT, which currently stands at between 30 to 40 per
cent.
In the area of education, President Mwanawasa reiterated government’s commitment to
sustaining the free primary education policy and improve infrstructure in an effort
to achieve high quality education in the country.
He said government intends to build 125 primary school and 88 high schools and 12
new technical high schools in the next five years.
“In addition, my government has continued to expand and refurbish basic schools to
accommodate more pupils. We intend to build 125 primary schools, 88 new high schools
and 12 new technical high schools in the next five year,” he said.
He said priority has also been placed on the recruitment of teachers and provision
of teaching and learning materials in a bis to improve the quality of tuition in
public schools.