THE Jesuit Centre for Theological Reflection (JCTR) says the gradual but steady weakening of the Kwacha against major international currencies must be addressed from a comprehensive perspective. JCTR acting information officer Bwalya Musoma said while short-term measures to stabilize the Kwacha were welcome, there was urgent need to focus on long-term solutions. She added that a broad range of factors must be comprehensively considered in order to address root causes of the Kwacha’s depreciation.
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.