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Sustainable Development - Rainbow news zambia - Page 198

Category: Sustainable Development

AFRICAN COUNTRIES NOT BENEFITING FROM LOW OIL PRICE DUE TO CURRENCY DEPRECIATION

AFRICAN COUNTRIES NOT BENEFITING FROM LOW OIL PRICE DUE TO CURRENCY DEPRECIATION


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AFRICAN COUNTRIES NOT BENEFITING FROM LOW OIL PRICE DUE TO CURRENCY DEPRECIATION Indeni Petroleum Refinery Board Chairman, Mr. Johnstone Chikwanda, who is also Energy Forum Zambia Chairperson, has pointed out that with the depressed oil price on the global market, one would have thought that this would advantage African countries by enabling them to pass on the benefits of low price to consumers. “The scenario is totally the opposite. Africa has not benefited at all to a point that some countries have actually been increasing pump prices during this period.” Mr. Chikwanda said it was a painful missed opportunity for...

Walk the Budget Talk, pleads Dr. Pamela Nankamba-Kabaso


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By Ashton Kelly Bunda Zambia Institute for Policy Analysis and Research (ZIPAR) Executive Director Dr. Pamela Nankamba-Kabaso says implementing hard decision proposals in the 2017 National Budget estimated at K64.5 billion will restore the Zambian economy on the growth path. Speaking after Secretary to the Treasury, Fredson Yamba launched “Walking a Tightrope To Economic Recovery” and “Analytical Brief of the Social Sector Budget 2017 “Leaving No One Behind,” at Lusakla’s Taj Pamodzi hotel, produced by ZIPAR and United Nations Children’s Fund (UNICEF), Dr. Nankamba-Kabaso observed a fine line between balancing the current scarcity of resources and the pressure to hasten...

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