Zambian economy needs special measures – Former Finance Minister

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Finance Minister Alexander Chikwanda (third from left) is accompanied by Ministry of Finance Permanent Secretary Felix Nkulukusa (left), his grandchild Sampa Chikwanda, his other grandchild Clement Nyambe (second from right) and his wife Margaret on arrival to present the National Budget at Parliament buildings. Picture by STEPHEN KAPAMBWE

Former Finance Minister Ng’andu Magande has observed the need for special measures to be put in place to restore the Zambian economy on a path of growth.

Mr. Magande is concerned that given the economic challenges of power deficits and the hike in the fuel price it will not be possible for the economy to realize the projected growth for this year.

 

In an interview by telephone Mr. Magande who was Cabinet Minister under the MMD government, has said he does not think the current load shedding being experienced in the country will allow the Mines to produce what has been targeted.

 

Mr. Magande says this means that the Zambian economy, whose mainstay is mining, will be in lower gear.

 

He says the Minister of Finance Alexander Chikwanda has already attested to this fact when projected that the country’s end year GDP will slow down to around 5 percent from the earlier project.

QFM

 

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2 COMMENTS

  2. And how are you helping the nation u greedy pig,if u were in government non of this would be happening?

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