WE NEED A LOCAL PRACTICAL ECONOMIC RESPONSE TO PROTECT OUR PEOPLE… Our people are suffering.
Zambia is in economic distress. The economic hardships facing our people are further compound by lack of solid intervention measures by the new dawn administration.
As Golden Party of Zambia (GPZ), we propose the following local measures in the short, medium and long terms to make the economy work for Zambians:
Short Term
1. Freeze the upward adjustment of the monetary policy rate (MPR) and the statutory reserve ratio (SRR) for 3 years.
2. Pay all the local domestic suppliers.
3. Award large contracts to local Zambian companies.
4. Raise a bit more taxes from the mining sector.
5. Create incentives for local small and medium businesses.
6. Ease financial restrictions for foreign money coming into the country.
7. Increase capacity for ZNS to meet 50% of national maize production and mealie meal consumption.
8. Provide tax, levies and statutory incentives to local small and medium businesses.
9. Family tailored tax incentives to increase spending at household level.
Medium Term
1. Increase government revenue from mining.
2. Declare sugilite, gold and lithium as state assets through an act of parliament.
3. Deposit sugilite and gold in Bank of Zambia ( BOZ) as part of the strategic national reserves.
4. Minimize and gradually eliminate tax holidays for foreign companies operating in Zambia.
5. Cap the externalisation of profits by foreign mining companies.
6. Create a tax haven within Zambia.
Long Term
1. Invest directly USD $1billion in 10,000 new high quality start ups.
2. Raise national production through industrialisation and value addition.
3. Laws to ban exportation of unprocessed minerals from mining.
4. Build local gold and lithium processing plants by the government.
5. Heavy investment in technology and creative sectors.
6. Reduce unemployment from 8 million plus job seekers to 2 million in 10 to 15years through the private sector.
Undoubtedly the Zambian economy is biting very hard on an ordinary local citizen and businesses.
It is imperative that the dawn administration responds on behalf of our people and provide economic relief.
Silavwe Jackson
President
GPZ
A lot of very good ideas.
But if course none of the above will get implemented because our mines are now being controlled by his LGBT masters. He is giving out our precious mines like it is confetti.
We can not have our gold being smuggled by thieves that are even given the presidential parking slot at KKIA.
Vote wisely in 2026.
Rotten ideas came from PF criminals
Parking space at KKIA is much better than the presidential jet taking off from there to go and some cash.
Yes some people are suffering because of this drought and there is no arguments about it.But making some experiments in this situation may not be good.The unemployment level in the country is bad and any adjustments upwards on tax and any thing that may budden the investors may result in redundances and the workers in these mines and companies may be inconvenienced badly.Already the electricity supply is in a critical situation so your suggestions may just need to be reviewed after a year.After the drought the investors may need some recovery relief measures to help them resuscitate their production levels.Any thing that may mean to raise some costs in mines and factories or investments may disturbe the recovery efforts after this economic depression due to the effects of this drought.So you must mind a lot on any adjustments you are proposing now “Ukulanda kwali anguka uku chila ukubomba” it easy to talk but very difficult to do the actual work.
Thumbs up on you