More stake holders weigh in on Debt restructuring
Kasempa Chamber of Commerce and industry president, Douglas Namukuka has praised President Hakahinde Hichilema and his administration for securing a debt restructuring deal with bond holders.
Mr Namukuka says the business community expects the dollar to also appreciate to create an enabling environment for trading both locally and abroad.
Mr Namukuka says the agreement by bond holders and government on debt restructuring is a milestone achievement that would alleviate financial strain as more resources will now be channeled to the needy areas.
He says the debt restructuring across various sectors stands to benefit from enhanced access to financing and increased consumer spending, fostering a climate conducive to business expansion and innovation.
In a statement to ZANIS News today, Mr Namukuka said the successful debt restructuring not only demonstrates the government’s commitment to fiscal responsibility but also paves the way for a more conducive business environment.
“This is a milestone, debt restructuring demonstrates the government’s efforts but also paves the way for the business environment, therefore we should work hand and hand to Foster development in Kasempa district and the country at large,” Mr Namukuka said.
He has urged citizens to work hand in hand with the government in fostering development.
Mr. Namukuka says people expect a lot of development from the government following the successful debt restructuring programme.
“As people we are expecting a lot of development from the government following the debt restructuring, especially a reduction on cost of living in our country, this will enable the business environment to work on changing the face of the country,” He added.
And Kasempa town council chairperson Brain Kakonkanya said it marks a significant milestone in Zambia’s journey towards economic stability and development.
“We thank President Hichilema and the administration for a milestone on debt restructuring, this will drive Zambia towards economic development and stability, this will alleviate cost of living in our country,” He said.
Mr. Kakonkanya says Kasempa district will benefit from the deal and this will foster development and reduce cost of living in Kasempa district and country at large.