ECONOMIST Dr Grieve Chelwa says the IMF deal worries him because some sentences talk about divestment of Zesco’s operating assets, urging Zambians to be on the lookout for what this could mean. And Dr Chelwa says most Zambians celebrated the IMF deal because they love, trust, and believe in President Hakainde Hichilema. Meanwhile, Dr Chelwa says it is still tenable for government to subsidise fuel. Speaking when he featured on Diamond TV’s COSTA programme, Dr Chelwa said divesting was a process of selling off some assets, wondering why the term was being used in relation to Zesco. “This document from the IMF, the burden of restructuring, of fiscal consolidation is on the poor. So it’s certainly true that ZESCO is...

To continue reading this premium content, login to your account or Subscribe to our ePaper using the buttons below.
Log In Subscribe