Antonio Mwanza Queries Speaker Matibini Over $200 Million Loan

Speaker Patrick Matibini must explain to the Zambian people whether or not Parliament authorised the contraction of the latest loan of $200 million by the PF Government from the World Bank in accordance with the Constitution. Articles 63 and 207 … Continued

The post Antonio Mwanza Queries Speaker Matibini Over $200 Million Loan appeared first on Zambia Reports.

Speaker Patrick Matibini must explain to the Zambian people whether or not Parliament authorised the contraction of the latest loan of $200 million by the PF Government from the World Bank in accordance with the Constitution. Articles 63 and 207 of the Constitution of the Republic of Zambia clearly states that Government can not contract any loan or debt without the express approval of the National Assembly. And in line with these provisions of the law, we as a Party beseech Mr. Matibini to provide proof to the nation showing when the National Assembly approved the contraction of the said loan. The PF is killing the future of our children with the enormous debt burden and the general mismanagement of the country’s economy. What is worrying about this whole thing is not just the ballooning debt levels we are witnessing but the imprudent use of the debt money, unbelievable fiscal indiscipline and the sheer incompetence of the government to effectively manage the economy, eradicate poverty, create decent jobs and business opportunities for our people, especially the women and youths. This Government cannot account for the huge debt that they have accrued since coming io office in 2011. It is clear that the bulk of the debt money has been squandered through corruption, over-pricing of projects, plain theft and sheer incompetence on the part of the state to effectively and efficiently apply national resources to the productive sectors of our economy in order to spur growth and deal with the excruciating and dehumanising levels of poverty and destitution among our people. The full ramifications of the debt-trap the PF has plunged this country into are yet to be felt since most of these debts have not yet matured. The impact of these debts will be devastating as government shall be forced to cut down on social and economic expenditure to finance the debt most of which was contracted at very high interest rates. And if the long-term fiscal challenges remain unaddressed, our economic environment will weaken further as confidence will continue to suffer, access to capital will continue to shrink, the interest costs will continue crowding out key investments in our future, leading to conditions for growth to deteriorate, hence putting our nation at greater risk of economic crisis. If our long-term fiscal imbalance is not addressed, our future economy will be diminished, with fewer economic opportunities for individuals and families, and less fiscal flexibility to respond to future crises. The following summarizes several of the negative ramifications of our growing debt: Reduced Public Investment. As the national debt increases, the government will spend more of its budget on interest costs, increasingly crowding out public investments. And the more that resources are diverted to interest payments, the less that will be available for the government to invest in areas such as education, agriculture, energy, processing and manufacturing that are important to economic growth. This will eventually lead to more joblessness, more energy deficits, more youths forced out of the education system owing to high tuition fees, more sick children due to malnutrition, high mortality rates and generally high poverty levels across the country. Reduced government expenditure in key economic areas is stifling innovation and slowing the advancement of new breakthroughs that could improve our lives. Investors are beginning to doubt the government’s ability to repay debt and could demand even higher interest rates, further raising the cost of borrowing for businesses and households. Over time, lower confidence and reduced investment would slow the growth of productivity and wages of our workers. Growing long-term debt also has a direct, real world effect on the economic opportunities available to every Zambian. In short, the PF has mortgaged our country to shylocks due to incompetence, theft of public resources, corruption and general mismanagement of our country’s economy. Mutatinomics is not working and Zambians must brace themselves for harder economic times. As the economy continue to slide and people’s lives become harder, the PF will resort to more oppressive tactics to silence the opposition, dissenting voices, the church as well as independent media in order to stifle debate and send terror in citizens, gagging them from voicing their discontent at regime that has failed to manage our country’s economy. Issued by Antonio Mwanza, FDD Deputy National Secretary and Party Spokesperson. The post Antonio Mwanza Queries Speaker Matibini Over $200 Million Loan appeared first on Zambia Reports.

source: Zambia Reports

Fire Davies Mwila Instead, Send Him To Cambodia – Ngwale

A senior citizen Elijah Ngwale has described the anti-Felix Mutati protests engineered by some senior Patriotic Front officials as shameless. Senior PF officials are sponsoring cadres to mount pressure on President Edgar Lungu to sack Mutati from the position of … Continued

The post Fire Davies Mwila Instead, Send Him To Cambodia – Ngwale appeared first on Zambia Reports.

A senior citizen Elijah Ngwale has described the anti-Felix Mutati protests engineered by some senior Patriotic Front officials as shameless. Senior PF officials are sponsoring cadres to mount pressure on President Edgar Lungu to sack Mutati from the position of Finance Minister. Contributing to Thursday’s edition of UNZA Radio’s the Lusaka Star radio program, Ngwale said the actions of the PF cadres were tantamount to economic sabotage. He said he was one of the people who was initially opposed the appointment of Felix Mutati as Finance Minister but that he had no issue with the minister now because he has performed beyond expectations and turned around the country’s economy. “These acts are tantamount to and in conformity with espionage and economic sabotage, it is political savagery of its worst kind. “I was against the decision made by President Edgar Lungu to appoint MMD president Felix Mutati, I even wrote a letter to President Lungu at State House elaborating why I opposed it. Not because Felix Mutati was my enemy, actually he is my very good friend instead,” he said Ngwale added that President Lungu should be proud that he appointed Mutati because the man has delivered. He urged the President to instead fire PF Secretary General Davis Mwila and send him in diplomatic service, preferably Cambodia. “President Lungu should be proud he appointed this guy. Felix Mutati has proven me wrong on all counts, the guy has delivered, the guy has changed the face of our economy in less than a year. “The one who must be fired is the Secretary General Davies Mwila himself, in fact let him be shown the exit door, reorient him and post him into diplomatic service, throw him as far as Cambodia,” he said. Other callers who included Mr Kazia from Kanyama Compound, a known UPND sympathiser, agreed with Ngwale that the country’s economy was doing fine under the stewardship of Mutati. Featuring on the program was MMD Die Hard Youths National Coordinator Gerald Chiluba and Prince Ndoyi who noted that the reasons the PF cadres were giving for Mutati to be dropped were too petty and should be ignored with the contempt they deserve. Chiluba said how can the nshima cooked at the MMD Secretariat be an issue that should take mature people to the streets to protest against a national leader. He noted that reasons such as the one some PF youths are crying over that Mutati doesn’t give them audience did not hold water because the minister was a minister for Zambia and not a PF treasurer. The post Fire Davies Mwila Instead, Send Him To Cambodia – Ngwale appeared first on Zambia Reports.

source: Zambia Reports

SLCU Consoles Flood Victims At Kamaya Community

[Concord] Members of the Sierra Leone Central Union (SLCU), has yesterday donated food and non-food items to people residing within the Kamaya-Lumley axis that were affected by the August 14 flooding.

[Concord] Members of the Sierra Leone Central Union (SLCU), has yesterday donated food and non-food items to people residing within the Kamaya-Lumley axis that were affected by the August 14 flooding.

source: AllAfrica News: Sierra Leone

National Security Coordinator Briefs Journalist

[Concord] The National Security Coordinator, office of National Security (ONS),Ismail Sheriff Tarashid Tarawali, has yesterday in a press conference held at their headquarters on Tower Hill in Freetown updated and briefed journalists on their emergency…

[Concord] The National Security Coordinator, office of National Security (ONS),Ismail Sheriff Tarashid Tarawali, has yesterday in a press conference held at their headquarters on Tower Hill in Freetown updated and briefed journalists on their emergency response efforts to the August 14th Landslide and flood disasters.

source: AllAfrica News: Sierra Leone

APC Minister Allegedly Owes Comrade Le11 Million

[Concord] A diehard supporter of the ruling All People’s Congress (APC) party, Mariama Sheriff-Leigh, has told Concord Times that the Deputy Minister of Works, Housing and Infrastructure, Kadijah O. Sesay, owes her the sum of Le11.670 million.

[Concord] A diehard supporter of the ruling All People's Congress (APC) party, Mariama Sheriff-Leigh, has told Concord Times that the Deputy Minister of Works, Housing and Infrastructure, Kadijah O. Sesay, owes her the sum of Le11.670 million.

source: AllAfrica News: Sierra Leone

UN Women Sign Agreement to Support Female Candidates

[Observer] The UN Women’s organization in Liberia yesterday signed a number of project cooperation agreements (PCAs) with three of the country’s women organizations to galvanize energy and other resources to support female candidates participating in t…

[Observer] The UN Women's organization in Liberia yesterday signed a number of project cooperation agreements (PCAs) with three of the country's women organizations to galvanize energy and other resources to support female candidates participating in the ensuing elections.

source: AllAfrica News: Liberia

Prez Sirleaf Holds Talks With Ndi Delegation On Upcoming Elections

[Observer] President Ellen Johnson Sirleaf has received in audience a high-powered delegation from the National Democratic Institute (NDI) headed by Ambassador Johnnie Carson, former Assistant Secretary of State for African Affairs and member of the ND…

[Observer] President Ellen Johnson Sirleaf has received in audience a high-powered delegation from the National Democratic Institute (NDI) headed by Ambassador Johnnie Carson, former Assistant Secretary of State for African Affairs and member of the NDI Board, an Executive Mansion release said. According to the release, President Sirleaf received the delegation on Tuesday, September 5, at her Foreign Ministry office when they paid a courtesy call on her. The delegation consists of regional and elections experts from

source: AllAfrica News: Liberia

UNDP Donates to Commerce Ministry

[NEWS] In an effort to strengthen private sector development in Liberia, the United Nations Development Programme (UNDP) has donated a vehicle and six brand new Jincheng JC125 GY jungle motorbikes to the Ministry of Commerce and Industry (MoCI).

[NEWS] In an effort to strengthen private sector development in Liberia, the United Nations Development Programme (UNDP) has donated a vehicle and six brand new Jincheng JC125 GY jungle motorbikes to the Ministry of Commerce and Industry (MoCI).

source: AllAfrica News: Liberia

CDC ‘Paralyzes’ Gbarnga

[NEWS] Since the political process kicked off across the country sometimes ago, there have been claims and counter claims amongst the various political parties that they control the central Liberian city of Gbarnga.

[NEWS] Since the political process kicked off across the country sometimes ago, there have been claims and counter claims amongst the various political parties that they control the central Liberian city of Gbarnga.

source: AllAfrica News: Liberia