The UPND’s vision for economic transformation is intact and we are privileged to have a team with the required expertise, guiding our progressive policy framework. We shall be ready on day one, to begin transforming Zambia. Stay engaged for our policy updates.- HH
Traders and entrepreneurs across all levels of our economy need access to affordable capital in order to grow their businesses. Our vision for financial inclusion is robust and will catalyse job creation through small and mid-sized business development. -HH
The dwindling foreign-exchange reserves, now at about $1.5 Billion USD or 10% of Zambia’s external debt, the lowest ratio among all African nations holding eurobonds means soon the exchange rate will be K15 to $1, unless mitigation measures are taken now.
Our mitigating measures would include:
(1) Cleaning up the debt statistics & securing a package to prop up the BOP;
(2) Cutting out non-priority Govt. imports (e.g., luxury 4x4s for Ministers
(3) Regaining investor confidence by suspending new debt contraction.
Exorbitant government expenditure has driven our budget deficit that makes us unable to pay civil servants salaries, medical supplies and support UNZA students with meal allowances etc. We will not allow unnecessary expenditure at the expense of the Zambian people. – HH