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The private sector has untapped resources

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According to SITUMBEKO MUSOKOTWANE, minister of finance, there are untapped resources for economic growth in the private sector.

According to Dr. MUSOKOTWANE, this is the reason the government has instituted forums like the Public Private Dialogue Forum (PPDF).

The Finance Minister stated that the private sector should take advantage of the supportive policy environment to grow their enterprises in a speech read on his behalf by his Permanent Secretary for Monitoring and Evaluation TREVOR KAUNDA.

The Sensitization Workshop on Leveraging Private Sector Engagement in Implementing the 8th National Development Plan and Achieving the Sustainable Development Goals-official SDG’s opening saw Dr. MUSOKOTWANE make this statement.

Together with the United Nations Economic Commission for Africa, or UNECA, the Workshop was put together.

BEATRICE MUTALI, the United Nations-UN Resident Coordinator, suggested the private sector can provide a solution to the funding issues preventing the implementation of the 8th NDP during a speech at the same event.

 

This was said in a speech delivered on her behalf by Eunice Kamwendo, director of the subregional office for UNECA.

 

Chief Executive Officer of the Zambia Chamber of Commerce and Industry (ZACCI), Phil Daka, spoke at the same event and urged the private sector to invest in initiatives to reduce poverty across the nation.

Zambia News

President Hakainde Hichilema Urges Swift Closure of Debt Restructuring in Meetings with World Bank and IMF

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President Hakainde Hichilema

President Hakainde Hichilema held separate bilateral meetings with Mr. Ajay Banga, the President of the World Bank, and Ms. Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF). The discussions primarily focused on expediting and comprehensively concluding the remaining aspects of Zambia’s debt restructuring program.

During the meetings, President Hichilema expressed gratitude to both institutions for their efforts in the debt restructuring process and their continued support toward Zambia’s budget. The President underscored the urgency of promptly resolving the outstanding issues to prevent economic uncertainties, highlighting Zambia’s commitment in fulfilling its obligations throughout the restructuring.

President Hichilema emphasized that any delays in Zambia’s case could potentially impact other nations considering similar debt restructuring frameworks. He commended the World Bank and the IMF for their understanding of the importance of expediting the process, enabling Zambia to move forward with the full implementation of impactful projects in energy, infrastructure, mining, and agriculture.

The Zambian President particularly emphasized the significance of quickly boosting agricultural production through mechanization and irrigation. This strategic move is seen as a priority for achieving quick wins in the economic recovery process, contributing to the rebuilding of the Zambian economy.

As Zambia continues its engagement with international financial institutions, President Hichilema reiterated his administration’s commitment to transparent governance, economic reforms, and sustainable development. The bilateral meetings are part of the President’s ongoing efforts to secure support for Zambia’s economic recovery and growth agenda.

Source: Lusakatimes

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Zambia News

Copper Queens Goalkeeper Hazel Nali Returns Home after Successful Knee Surgery

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Hazel Nali

Zambia’s national women’s football team, the Copper Queens, received a boost with the return of their first-choice goalkeeper, Hazel Nali, who arrived in the country from New Zealand. Nali underwent a successful knee surgery, and her return marks a positive step in her recovery journey.

The goalkeeper landed at Kenneth Kaunda International Airport at 15:40 hours, expressing her eagerness to return to the pitch. In a statement to ZNBC News, Nali shared that her doctors recommended continuing physiotherapy sessions in Zambia as part of her rehabilitation process.

I cannot wait to get back on the pitch,” Nali exclaimed, expressing her gratitude to the Government, the Football Association of Zambia, and her fans for their unwavering support during her medical journey.

Highlighting the commitment to Nali’s well-being, Zambia’s High Commissioner to Australia and New Zealand, Elias Munshya, revealed that the government covered the cost of the surgery and arranged for some physiotherapy sessions. Munshya conveyed the government’s optimism about Nali’s swift and full recovery, expressing hope that she would soon rejoin the squad and contribute to Zambia’s football success.

Nali’s return is anticipated to boost the morale of the Copper Queens as they continue their preparations for upcoming competitions.

Source: Lusakatimes

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