Borrowing beneficial
NANCY SIAME, Lusaka
THE World Bank (WB) says public borrowing is beneficial and spurs economic development if used to finance growth-enhancing investments such as infrastructure, health care and education. (more…)
THE rehabilitated stretch of the Great East Road from Luangwa to Mwami border post which was commissioned by President Lungu
recently.
Rewards are worth the massive borrowing
ZAMBIA has undergone massive infrastructure development in almost all sectors since 2011 when the Patriotic Front (PF) formed government. (more…)
OLIVER Saasa.
Borrowing essential – Saasa
ESTHER MSETEKA, Livingstone
ECONOMIST Oliver Saasa says borrowing is essential to support Zambia’s economic growth, but proper management of debt is key to avoid falling into a trap. (more…)
BENEDICT Tembo.
Reduced borrowing to spur economy
Analysis: BENEDICT TEMBO
GOVERNMENT’S intention to reduce internal borrowing is expected to free up money for lending to other economic players, hence stimulating growth in more productive sectors. (more…)
MINISTER of Finance Margaret Mwanakatwe, flanked by daughter Chitalu and husband Mupanga Mwanakatwe, arriving at Parliament
building to present the 2019 national budget yesterday. PICTURE: MACKSON WASAMUNU
State cuts borrowing
NANCY SIAME, Lusaka
GOVERNMENT will next year reduce domestic borrowing from the current four to 1.4 percent of the gross domestic product (GDP). (more…)
MINISTER of Finance Margaret Mwanakatwe (centre) cutting a ribbon to officially launch the Zambia Credit Guarantee Scheme in Lusaka on Wednesday. Looking on is board chairman Chisha Mwanakatwe (right) and chief executive officer Francis Musonda. Government has invested US$5 million as start-up capital. PICTURE: BRIAN MALAMA
State to continue quest to lower borrowing
NANCY SIAME, Lusaka
GOVERNMENT will continue lowering borrowing and debt to remain on a sustainable fiscal path, matching revenue with expenditure. (more…)
Zanaco building.
Borrowing in private sector increases
KALONDE NYATI, Lusaka
REDUCED lending to Government by commercial banks and improved economic conditions have seen increased borrowing in private sector amounting to K750 million. (more…)
Former Special Assistant to the President for Press and public relations Amos Chanda.
State cuts cost of borrowing for growth projects
STEVEN MVULA, Lusaka
GOVERNMENT will source financing directly from Chinese banks and not through contractors to reduce the cost of borrowing for development programmes.