Giving our people the UPND more time will destroy the country further – GEORGE N MTONGA

10

BY GEORGE N MTONGA

Giving our people the UPND more time will destroy the country further

You claim the debt issue is fixed and yet we have only postponed $3.5bn of our debt meanwhile whereas Lungu borrows $7bn in 7 years, our man is now at $8.9bn in under 4 years.



How is this fixing a problem?

Look at our policies, we literally give tax breaks to the mines and then over tax the locals. The capital flight cannot even be controlled, FIC every 6 months is alerting the nation about $2.8bn that has left or about k60bn gone illicit transactions and you think the kwacha can survive?



Then we surrender KCM and Mopani for “free” to investors who have pumped in nearly “nothing” into the country or the economy to help stabilize the kwacha, tell me what policy have we implemented to stabilize the currency? NONE

Mealie meal prices are more than double from k126 under PF to k429 now that’s 300% largely because HH exported 1.9m tonnes of FRA reserve maize and we have to now import at high prices.



Make matters worse the state is now importing through cadres the most expensive fertilizer ever at $1407 per tonne when even the PF imported at $900. During campaigns HH rightly revealed that it’s only $250 in Dubai so why the discrepancy.



Food is 3 times the prices because of these bad decisions. Then you fail to control an electricity crisis for 2 whole years letting SMEs die and their surviving have to increase cost which affect consumers. We blamed PF for spending $100m on importing power yet that solved the problem, now we are sending $82m to China “accidentally” rather than paying for power imports to stave off disaster. What logic is this?



Then we go ahead and surrender the fuel sector to an inexperienced for business partner of the President, Mr. Shashi Patel of Agro Fuels to monopolize the sector and add huge markups.



EGGS are now double the price as 2021, Chickens, Kapenta, Beans almost tripled the prices. Someone who was getting a salary of k3000 in 2021 now needs literally a k9000 salary.

10 COMMENTS

  1. If you have never borrowed kaloba to many people and you fail to pay back and also how the kaloba shoots up if at all you have borrowed to many lients, you will understand.

    Lungu borrowed three big kaloba ( the eurobonds) these were big problems for the country and were supposed to pay all within the same period of maturity. It was adding up to UD$3.5 Billion. This is on top of many other debts to the international community and also the local ones. It was just a disaster.

    The NEW DAWN GOVT has managed to negotiate these loans while injecting alot of money in education, health, social cash transfer among other developmental activities then you because you are Mtonga you stand and start condemning the good work which HH is doing to clean up the mess that Lungu and your PF brought to this nation by condemning? Why? Why? But you people kaya cabe how you are made. It is just too much and irrational. Change yiur behaviour you people please.

  2. Mtonga woke up this morning to show us what Plan B looks like.
    Misinformation. The kind of diatribe that we now here from Trump and his attempts to loot as must as he can while killing, firing, shutting down and telling all manner of lies.
    One wonders how far these lies will go?

      • Your life is on a “support system” stop suggesting every Zambian is experiencing the hunger that you are experiencing cause your means to make a living has been cut down. Hand out and tantameni is not a means of making a living.
        As we speak, your friends are Praising God for the rains and the providence in their fields.
        While you wallow and moan here of how difficult life is. Get a real job and stop being a “freeloader”

  3. The question is where is Hakainde taking all this money he is borrowing?

    We are not seeing any development on the ground.

    Captain Ibrahim Traore does not borrow, yet his country is now like heaven.

    Vote wisely in 2026.

    • Start by asking where you and your cohorts took the Chinese Exim money that Zambia borrowed, the Eurobond money.
      You are very good at asking others to account. Start with yourself.
      At least even those that are lending HH and his Givernment have the confidence that its being applied correctly. Those in charge and have sticky finger; and proof shows. They have been fired and arrested. Manje imwe?
      How long did we wait to hold GBM accountable even after he was fired? When was GBM minister of Defence? So you mean under Sata failing to arrest him isnt the tribalism that speal about? Chitotela? And Tasila? Speak and deal with your issues first and come with clean hands.

      • Jata, we collectively voted out PF because they could not account. We do not need to ask them anything.

        Now we are asking Hakainde the same questions. We will collectively vote him out too. Southern province vote will not save him. Many there are also fed up with him.

        Reject tribalism, corruption and oppression.

        Vote wisely in 2026.

    • Even if you choose to be deliberately blind at least you can see the Lusaka Ndola dual carriage way being constructed
      Because you have chosen to remain in darkness by hating HH7 so terribly, you will never see light with your Defunct TuPF criminals
      Vote wisely vote for HH7 in 2026/31

  4. Where do these people get their figures from? The true external debt stock as of december 2024 stood at $14.7 billion from $12.8 billion in 2021. $1.7 billion of the $14.7 is from the IMF through the SDR facility and $200 million world bank loan making the new debt acquired at $1.9 billion so I don’t know where the $8.9 billion new debt the man is talking about is coming from. Besides, this time around, government can not borrow without the approval of parliament so when did parliament approve this new debt? When will the opposition start making up stories and tell the people what would do should they be voted in to power.?

LEAVE A REPLY

Please enter your comment!
Please enter your name here