By TENDAI KADYAMOTO and ARNOLD CHASAYA
Stanbic Bank-Zambia has urged energy regulators in the country to prioritise stakeholder consultation when adjusting energy tariffs.
Speaking on the side-lines of the just-ended Sustainable Energy Southern Africa Forum of the Africa-European Union Energy Partnership held in Lusaka, Stanbic Bank-Zambia investment manager Mwila Mwenya said stakeholder consultation was crucial in ensuring that energy tariffs were reflective of prevailing economic trends.
“We need to look at whether the electricity tariffs that we have in this country are market-related, and if not, how to adjust them to make long-term projects bankable and profitable.We also need to provide a social safety net for people who may not be able to afford those tariffs,” said Mr Mwenya.
He observed that the energy sector was at the heart of economic activities and as such, failure by energy regulators to adjust electricity tariffs using available data from economic players such as banks would cripple industries.
“As banks we are always looked at as lenders, but we should also be seen us as providers of advice. From our perspective as Stanbic Bank’s, we have an investment banking unit and apart from that, we do provide advisory services,” he said.
Mr Mwenya expressed optimism that the occasion would help in providing energy regulators with the necessary information upon which energy tariff adjustments would be based.
“The discussions have been fruitful, and we will probably end up at a point where the changes will happen and will happen in a way that people will pay the price of power that they should be paying. Commercial companies will pay what they should pay and the same goes for retailers.” he said.
The event provided a platform to discuss progress on Zambia’s Sustainable Energy for All (SEforAll) Action agenda and investment prospectus.
Stanbic Bank has invested more than US$575 million in the development of Zambia’s energy sector in the last two years with the aim of tackling the energy crisis the country is currently experiencing.
Reserved and focused. Just that. Yes.
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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