Solution to debt for future generation...
Zambian 2013 Budget Reviewed by Kampamba Shula
On 12 October 2012, the Minister of Finance, Hon. Alexander Bwalya Chikwanda, MP, announced the 2013 National Budget. Budget highlights and taxation and other changes as contained in the Budget speech and the Zambia Revenue Authority (“ZRA”) publication.
INDECO (IDC): Past Problems and Opportunities Analysed by Kampamba Shula
INDECO (IDC): Past Problems and Opportunities Analysed
Critical Review of IMF 2013 Zambia ARTICLE IV CONSULTATION report by Kampamba Shula
Debt management is still on track The agreed norm is that for internal borrowing the threshold is 25 per cent of GDP but our debt stands at K17 billion, which is 15 per cent of GDP and for external borrowing, the threshold is 40 per cent and our debt is US$3.1 billion which is 14 per cent of GDP, so we are far below the agreed norms. So even in the long term , Zambia is still on track.
US Economy 2014 First Quarter Analysis and Outlook by Kampamba Shula
New data shows the U.S. economy contracted in the first quarter of this year, keeping pace with shifting expectations but down sharply from the prior already disappointing estimate.
Zambia Debt Analysis
Some might say that Zambia should not borrow externally and even as sincere as they may be they are wrong. When the Government borrows locally “Crowing out” happens.
Friday, June 26, 2020
Tuesday, June 23, 2020
The 13th Floor - Corruption in Zambia
A guy with round gogos recently paid a visit to a government building. On the way up in the elevator the guy noticed that the building did not have a 13th Floor. After asking around no one was able to explain why this was the case. Further research revealed that the thirteenth floor is a designation of a level of a multi-level building that is often omitted in countries...
debitum solvere - Solving Debt in Zambia
Zambia's biggest problem is a moral problem not an economic one. Solving Zambia's debt problem is easy, solving the moral problem not so much.
Solution 1
Anchor the kwacha in copper or gold reserves and create a sovereign derivative ( nkongole paper backed by reserves)...for more read Copper Currency reserve solution
Solution 2
IMF deal so the yields on eurobonds...
Zambia and the BIG words we use by Kampamba Shula
Zambia having being colonized by the British led to Zambia obviously becoming an English speaking country. Zambians on average speak very good English however this ability to use big English words has proven a stumbling block in Zambians actually addressing some of its challenges.
For example, it is not uncommon to hear reports saying Zambia must “diversify” from mining...
Why declaring Gold a Strategic Asset is a problem by Kampamba Shula
Zambia is moving to amend gold-mining rules in order to treat the metal as strategic asset. Cabinet agreed to amend the Mines Act to align it with a policy set last October to recognize gold as a strategic mineral. That requires production by artisanal miners to be bought through the state-owned mining investment company ZCCM-IH Plc. Cabinet’s May 20 approval to...
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