By Wakumelo Mataa CTPD Researcher Public Finance Tuesday 16th February 2021 THE Center for Trade Policy and Development (CTPD) has noted with concern, the sustained rise in inflation over the recent past. Inflation rose from 12.5 % in January, 2020 to 21.5% in January, 2021, implying that the cost of a representative consumption bundle has almost doubled in just one year. During its last sitting in November, 2020, the Bank of Zambia Monetary Policy Committee (MPC) projected inflation to average 16.7% in the fourth quarter of 2020. However, this is less than the actual inflation outcome for the fourth quarter...

The project will build rural infrastructure to boost economic opportunities and improve access to social services for more than 900,000 people VIENNA, Austria, February 19, 2021/ — The OPEC Fund for International Development (the OPEC Fund) (https://OPECFund.org) has signed a US$50 million loan with Tanzania to finance the ‘Fourth Tanzania Poverty Reduction Project’. The project will build rural infrastructure to boost economic opportunities and improve access to social services for more than 900,000 people. Although Tanzania has made progress in reducing poverty over the past decade, around 26 million people – close to half the total population – live on...

By Derrick Sinjela Wednesday, December 14, 2011 FOUNDATION for Democratic Process (FODEP) Executive Director McDonald Chipenzi has called for stiffer legislation for parliamentarians who resign on lame excuses. Chipenzi said politicians should not be careless by causing unnecessary by-elections which cost a lot of money which can be used for social and economic development. He said this when he addressed journalist in reaction to the recent resignation of Msanzala Independent Member of Parliament Colonel George Lungu to join the ruling Patriotic Front (PF) Party. “Causing a very expensive by-election show how insensitive our leaders are, because the money that will...

By Derrick Sinjela Wednesday, December 14, 2011   AS MANY residents of Lusaka continue to face daunting challenges to getting access to good water supply, sanitation and drainage systems, the country has received a jab in the arm to help improve the latter. The Millennium Challenge Cooperation (MCC), a United States government cooperation led by Deputy Vice President Andrew Mayock has concluded a visit to Zambia to finalize the Lusaka Water Supply, Sanitation and Drainage (LWSSD) project as proposed by the Government of the Republic of Zambia. Speaking to journalist last week Mayock said the project will benefit over one...