PRIVATE Sector Development Association (PSDA) chairperson Yussuf Doldia says the recently acquired Eurobond can only yield better results if channelled towards social economic infrastructure. Mr. Doldia said channelling the Eurobond towards social economic infrastructure will bring about economic development adding that this can help service the debt. Mr. Doldia said government borrows in order to finance its own program.
Lubasenshi Member of Parliament has attributed the high cost of living in Zambia to the lack of effective economic policies. He said that abrupt decisions such as the removal of fuel subsidies has had a ripple effect on other areas of peoples’ lives. Patrick Mucheleka, said that the increase of fuel subsidies has affected all other areas because the sales people for fuel also want to make money from their businesses.