Musokotwane Finally Does Something Brilliant


Musokotwane Finally Does Something Brilliant

By Nkonkomalimba Kapumpe

Before one exports they must have a Tax identification number connected to Zambia Revenue Authority. ZRA then connects to Bank of Zambia to make sure all exports invoices are paid into a Zambian account. This is a brilliant idea and is an animal called Export Proceeds Tracking Framework (EPTF).

So if FQM sales $2 billion that money has to pass through a Zambian Bank account. They are then free to do whatever they wish, even sending funds to other countries. What this means in principle is that the dollar will always be available as long as we are exporting. It’s like moving close to the river and getting the benefits.

This will fight against the depreciation of the Kwacha within the first quarter of the year. This will make sure we are monitoring all our exports , we have alot of minerals that go out of this country with no records. I pray this is extended to Tourism, we have alot of foriegn companies getting paid outside the country for Zambia’s tourism and Agriculture. I have not read the entire document but I hope their are no exemptions. This is now the Musokotanwe of MMD.

Its also increase all air space security for the mines in Zambia. We don’t want to hear of planes flying out of FQM and Mkushi straight into South Africa or outside Africa without any inspection. Boarder space land / air must be monitored and computerised. And ACC must be on high alert kuma corrupt ZRA boarder employees. I would also like to know about the compliance office and what punishment will be placed on offending companies?

This is a brilliant idea but we need all “system go”, otherwise it will fail. It was also good to hear that all uniforms for Goverment will be bought locally. Let’s encourage the Goverment and push more on the local market. If you happen to be a follower of my posts, you notice these are the things we have been fighting for, for years now. Next time they should commend me as they are my ideas Kiki.

I think debt restructuring delay is working in our favour, it has forced HH and Musokotanwe to concerate more on local solutions we have always demanded. The Data From Export Proceeds Tracking Framework (EPTF) the Economic Freedom Fighters we will come use to see what to Nationalise or Restrict to Zambian Businessmen.


  1. Extend this to the mushrooming of trucking companies doing cross border. Most of these companies are laundering operations with no question on the source of funds on how these , in some cases, hundreds of trucks are being financed from overseas. Are the invoices being generated locally and all the funds being recieved here???

  2. The only brilliant thing situmbeko can do is to resign for failing to arrest the exchange rate and let someone else who has an idea take over. That’s when we can clap for him.

  3. Ahahaha simplistic ideas !!You want the kwacha down by magic??lol
    The kwacha is backed up by forex. FOREX comes from exports and that strengthens your currency it’s not
    Fi PF liquidated KCM and rundown mopani later surrendered it to crooked glenco those were our main forex earners in addition fi PF default on our sovereign debt putting pressure on the little forex we earn from non traditional exports and the wars world wide in Ukraine and gaza haven’t helped especially driving the oil prices higher than expected.
    Basic economics the president has actually tried doing e everything given the circumstances.
    If Fi PF were in power awe tata we would have been like Zimbabwe or sirilanka!!lol


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