Zambia's financial landscape still fatigued, two negative factors standing strong!

AS we celebrate the week of financial literacy, it is imperative to state that as long as the national debt portfolio remains unresolved – I am very much aware that there is a meeting taking place somewhere trying to rework on a national proposal of debt restructuring with some key stakeholders and our consolation of outcome as expected, there should be a progressive model of actions towards making some logical conclusions about it.

However, in the midst of these outlaying factors, Zambia needs to safeguard ways and means of working out on the challenges surrounding foreign exchange matters as well as the national debts.

I do agree with ABSA's assertions about the financial outlook in Zambia that in the short term the nation's financial position looks really bad due to two standing factors thus the delayed debt restructuring process at macroeconomic level being one of the cases in point and secondly, the pressure which keeps faced with the local forex market.

This too needs to be critically addressed as well, to create a system to buffer its performance, support and eventually implore some models of sustainability.

The local economy is really stressed with less production in terms of aggregate output owing to the fact that we have a number of effects overshooting along the sides, as energy is currently playing the cards at the back of climate induced effects coupled with less expected agricultural output this farming season and not forgetting less water likely to be seen in this particular year for both wildlife and human consumptions affecting both tourism and agriculture activities.

is known for its mining sector, being a critical component and composition of the Zambian economy, the effects in many ways that are being faced by many other complementary sectors of the domestic economy will have a strong telling effect on the mining production as well.