Zambian economy is stable – Msiska

Secretary to the Cabinet Dr Roland Msiska says Zambia’s return to single digit inflation; reduced lending rates and the steady appreciation of the Kwacha are positive economic indicators confirming that the country is stable.

According to a statement issued by Zambia’s Embassy in Addis Ababa first secretary for press and public relations In’utu Mupango Mwanza, Dr Msiska was speaking during a dinner hosted for him by Zambia’s Ambassador to Ethiopia Susan Sikaneta on Friday.

He said the country’s economy was improving because of stringent measures put in place by the government.

“We have done fantastically well in stabilising our economy. Inflation has gone back to a single digit while the kwacha has now stabilised. The lending rates in the country have also been reduced,” Dr Msiska said.
And Dr Msiska said a diaspora policy framework was recently drafted aimed at allowing Zambian diplomats serving in foreign missions to participate in the policy processes of the country.

“There are a lot of untapped resources out there that can help develop the country through the participation of diplomats. I also urge you Zambians living abroad to take keen interest in working with strategic agencies outside Zambia,” Dr Msiska said.

He also said President Edgar Lungu, wanted to see more Zambians working in key institutions outside the country.

The dinner was attended by Foreign Affairs permanent secretary Lombe Chalwe, his counterpart from the Ministry of Transport and Communication Misheck Lungu, Counselor Administration at the mission Sam Mujuda, Embassy Staff and Zambians living in Ethiopia.
While in Addis Ababa, Dr Msiska held talks with Ambassador Sikaneta at the Embassy and explained that government back home understood the challenges that the mission was facing.

And Ambassador Sikaneta thanked the Secretary to the Cabinet for appreciating the challenges faced by the mission.

“Sir, am touched by the way you appreciated the challenges at the Chauncey and the plot, and the guidance you gave. It is a sign of good leadership that you came to inspect the mission on your own instead of waiting for a report from Foreign Affairs,” said Ambassador Sikaneta.

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Buck Teeth Lungu
Buck Teeth Lungu

Msiska has a PhD in what? He does not seem to understand economics. Or is it the problem of living in a bubble at State House? The Zambian economy is suffering, it is stagnating. There’s no local demand. But dollars come from mining which is export focused and not integrated into the local economy.

Nationalist
Nationalist

Dah! When the economy was doing well we were not being told. It was obvious. So please take several seats!!!

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