THE agriculture sectors plays a critical role in the development process of the country and the improvement of the population’s livelihood, Vice president Inonge Wina has said. Ms. Wina was speaking at this year’s symposium for regional small scale farmers yesterday held under the theme ‘The African agriculture mirror reflecting small scale farmers, image.’
AGRICULTURE and Livestock minister Given Lubinda says changing climate is a threat to the agriculture sector and general household livelihood. Mr. Lubinda said this in a speech read on his behalf by Ministry of Agriculture and Livestock permanent secretary David Shamulenge during the official opening of a three day Climate Smart Agriculture Regional Policy Dialogue at Intercontinental Hotel to discuss adaptation and mitigation strategy to a changing climate.
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.
THE Zambia Bureau of Standards (ZABs) has sold a total of 96 standards to various companies between April and June 2015 for various products. This indicates an increase in the number of standards sold in this period compared to the standard sold between January and March which was 68. ZABS attributed this increase in sells to improved communication with stake holders and an increase in awareness programs that the agency has particularly conducted for Micro Small to Medium Enterprises (MSMEs).
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.
A University of Zambia (UNZA) development analyst has called on government to consider opening a vehicle assembly plant. Speaking with the Lusaka Star in an interview, Brivery Siamabele said putting up a car assembly plant will increase Zambia’s productivity explaining that such a move would bring money that can be used to support other sectors of the economy such as Agriculture.
ZAMBIA has in the Month of June recorded a trade deficit of over one million kwacha, the highest for the year 2015; Zambia Central Statistics Office (CSO) says. CSO director of census and statistics, John Kalumbi revealed that the country recorded a trade deficit valued at K 1,293.2 million in June 2015 from a trade deficit of K 1, 210.0 million recorded in May 2015. He said this means the country imported more in June 2015 than it exported in nominal terms.
THE Bankers Association of Zambia (BAZ) says banks in the country are struggling to support key sectors of the economy because they do not have enough funds. BAZ President Leonard Mwanza told the Lusaka Star in a telephone interview today that the recently increased statutory reserve ratio empowers the central bank to be entitled to as much as 18 percent of all deposits made in Banks.
THE University of Zambia Business and Economics Association (UNZABECA) has urged young entrepreneurs in the country to take advantage of the ongoing Agriculture and Commercial Show. This year’s 89th Agricultural and Commercial Show is running under the theme “Innovation beyond the golden jubilee” from the 29th July to 3rd August 2015.