Political Analyst Alex Ng’oma says Zambia is more likely to face negative effects of the economic crisis in China since the two countries are closely related in trade.
Political Analyst Alex Ng'oma says Zambia is more likely to face negative effects of the economic crisis in China since the two countries are closely related in trade.
Dr. Ng'oma said there will be implications of the economic crisis even though the trade between Zambia and China is imbalanced.
He explained that China exports more to Zambia while the later imports more.
Dr. Ng’oma, who is also a lecturer at the University of Zambia, said the devaluation of the kwacha will result in Zambia importing less than it has in the past years; thereby affecting the economic and trade flow.
He added that the economic destabilisation China is facing would in turn bring cheap investment to Zambia.
He also said in case of any other strives that will emanate from China’s current situation, Zambia is due to receive more spill-overs.
Meanwhile, Secretary to the Treasury Fredson Yamba said the activities happening in China are worrying because Zambia is part of the global community trading with that country.
Mr. Yamba said Zambia is still alive to the effects of the 2008 economic crisis.
The People's Bank of China has cut its main interest rate by 0.25 percentage points to 4.6% after a stock market turmoil.
FIFA GRASSROOTS PROJECT DUE FOR TAKE OFF
The Ministry of Sports and FAZ has laid the ground for FIFA spearheaded grassroots project for youth development.
Ministry of Sports Permanent Secretary Agness Musunga said the project will be under the wings of the Ministry of Education and will target youth from eight years going upwards.
The tripartite agreement will be signed next Wednesday and will formalize the commitment of the parties to work together to implement the FIFA Grassroots Project from 2017-2020.
“The FIFA Grassroots project will cover three parties which is Ministry of Education, Sports and FAZ,” she said.
And FAZ General Secretary Ponga Liwewe said that the project will enhance the development of football.
Liwewe said the move was part of the wider goal of FAZ to develop youth football.
FAZ president Andrew Kamanga put youth football on top of his developmental agenda pinning it among his three key areas that involved league restructuring, referees education and youth football on top of his transparency gospel.
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FIFA RESPONDS TO FAZ COMPLAINT ON NIGERIA APPEAL
FIFA has put a close to the debate around the complaint lodged by the Football Association of Zambia (FAZ) over an Augustine Mulenga disallowed goal in the 1-0 loss against Nigeria in a Russia 2018 World Cup qualifier on October 7.
The World soccer governing body has ruled that it would not act on the complaint as per their regulations there was no evidence of external influence or manipulation.
According to a letter signed by Disciplinary Committee vice chairperson Julien Deux, dated October 17, 2017 there could be no action as guided by article 5.6 of the FIFA regulations the referee’s decision is final.
“In this context, we refer your association to article 15 par 6, of the regulations of the 2018 FIFA World Cup Russia, which clearly stipulates that no protests may be made about the referee’s decisions regarding facts connected with play. Such decisions are final and not subject to appeal,” stated the letter.
“Having said that, and for the sake of good order, we would like to emphasize that on the basis of the documentation and information currently in our possession, there is no evidence of any infringement of the applicable regulations by the referees of the match in question.”
The Football Association of Zambia (FAZ) filed a complaint with FIFA seeking an independent review of the match officiated by Botswana referee Joshua Bondo.
There was widespread outcry for FAZ to appeal to FIFA over the disallowed goal with parallels drawn with other situations where the world soccer governing body had ordered replays.
FAZ president Andrew Kamanga had told journalists on the permutations of the outcome when journalists pressed him in the aftermath of the match in Uyo.
“But the rules being what they are you cannot overturn the decision of the referee,” Kamanga said.
“The only basis is when there was external influence. So the referee maybe carpeted for making a wrong decision but the decision still stands and unfortunately that is where we stand.”
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