INVITATION TO A PUBLIC DISCUSSION – “ECONOMIC REFORM WITH HUMAN FACE: IS SOCIAL PROTECTION UNDER THREAT?

Zambia is currently undergoing economic reforms under the ‘Zambia Plus’ Programme in order to restore the economy and some of these reforms include the removal of energy subsidies, which have the potential to increase the burden on the already strained budget of several Zambians. After the 2017 budget was announced the Government emphasized its willingness to work with civil society in order to devise strategies to effectively deliver services to the vulnerable poor. However, there is concern at the immediate cost implications of social security programmes, and there is an…

Read More

Copper Currency Anchor: The solution to Inflation and Debt

Zambia’s dependence on copper mining, both the world copper price and the possible withdrawal of investment from the mining sector seriously threaten economic growth and stability. Zambia, like other copper producers, took the high late 1960s copper price as the norm and regarded the mid-1970s mineral price fall as an aberration. It adjusted by foreign borrowing rather than by structural change. Consequently, when the early 1980s price shock drove copper revenues even lower, Zambia had little room for maneuver. Commodity currencies have been stood against fiat money in the discourses…

Read More

Zambia ‘s Economy grew by 3% in the first quarter of 2017

ZAMBIA recorded an economic growth of three percent in the first quarter of 2017 with the agriculture, forestry and fishing sectors contributing the highest percentage of 1.7. The manufacturing and energy sectors were second with each contributing 0.3 percent to the country’s economic growth. This is according to the monthly bulletin released by the Central Statistical Office (CSO) at the on-going 53rd Zambia International Trade Fair (ZITF) here. And speaking during a media briefing recently, CSO director of census and statistics John Kalumbi said the energy sector recorded the highest…

Read More