Daily Nation Newspaper

Jito's misplaced views

- EMMANUEL MWAMBA.

ZAMBIA’S copper production was 860, 000 in 2020, the highest ever since the 80s.

But Jito Kayumba, who is a Special Assistant and Advisor to President Hakainde Hichilema on Economic, Investment and Developmen­t Affairs, can't even grasp basic recent record and statistics. Government had made strategic decisions to own KCM and Mopani through ZCCM-IH. This is because of the global outlook that demonstrat­es that copper as a commodity will enjoy the highest price ever for decades to come because of the electric motor vehicle industry. The next stage was to capacitate ZCCM-IH to invest in the mines by sourcing required capital. But this Government has chosen to give away the assets. In fact, with future and positive copper prices projection­s, the action by Government will only make billionair­es in Vedanta, KoBold and IRH and leave Zambia with despair and environmen­tal damage. Look at their decision on Kansanshi and KCM..Literally criminal! Anyway, this is a Government that sells national strategic maize stock reserves, ignoring the perils of weather forecast and prudent management! This is a Government that perpetuate­s chaos in economic sectors such as agricultur­e, three years in a roll! This is a Government that let the Kwacha become the worst perforning currency in the world and adversely affect an import-oriented nation. But we can agree with Jito. It's dark...the darkest this country has ever gone through since 1980s! Sadly, there is no credible economic recovery plan or solution from them.

Newspapers in English

Newspapers from Zambia