{"id":28925,"date":"2022-08-14T20:25:52","date_gmt":"2022-08-14T20:25:52","guid":{"rendered":"https:\/\/www.africa-press.net\/zambia\/all-news\/zambias-current-economic-situation-is-bad-inflation-rate-is-not-a-sign-of-economic-improvement"},"modified":"2022-08-14T20:42:14","modified_gmt":"2022-08-14T20:42:14","slug":"zambias-current-economic-situation-is-bad-inflation-rate-is-not-a-sign-of-economic-improvement","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zambia\/all-news\/zambias-current-economic-situation-is-bad-inflation-rate-is-not-a-sign-of-economic-improvement","title":{"rendered":"Zambia\u2019s current economic situation is bad, inflation rate is not a sign of economic improvement"},"content":{"rendered":"

Africa-Press – Zambia. <\/strong><\/span>Socialist Party Member of the National Mobilization Committee Frank Bwalya has rated Zambia\u2019s current economic situation as bad. Mr. Bwalya, who is on a branch formation drive in Copperbelt Province, said many Zambians are not affording basic things such as food and bus fares.<\/p>\n

He said the recent improvement in the national inflation rate is not a sign of economic improvement. Featuring on SUN FM Radio in Ndola, Mr. Bwalya said low inflation rate does not translate into reduced goods and services and emphasised that real economy is about affording food.<\/p>\n

\u201cThe current economic situation in the country is bad and it is in the public domain. I will give this example of a church service that I attended on Sunday. I knew that attending that church service, the platform that was given was not supposed to be a political platform and that I wasn\u2019t there to politic but politicians should speak about the struggles of the people, the disappointments and so on. And I struggled to find what to say in that church service because a platform was given to speak to the people but as I was sitting there praying, the choir sang a song \u2018Tulefuluka Kenani\u2019 mu Calo tamuli insansa. We are missing the land of Canaan, there is no happiness in the country, and there is no happiness in the land,\u201d Mr. Bwalya said.<\/p>\n

\u201cThat is an economic statement and it perfectly reflects what is happening in the country. Everywhere you go that is what is happening, the people are missing a situation where they can afford what Canaan represents. People are looking for a situation where they can afford a bus fare. People are looking for a situation where drivers, RTSA, the government and all stakeholders would be able to come to a round table, speak sense and ensure that those of our brothers and sisters who are running buses are able to be assisted to run their business smoothly. Not this unpredictability that we are seeing in the economy. Today you increase fuel, before people even realise this change has happened and then there is a small reduction. You increase by K5; you reduce by K3, very unpredictable that is in my view what can accurately describe the economic situation not only on the Copperbelt but in Zambia as a whole,\u201d he said.<\/p>\n

Mr. Bwalya added:\u201dWhen we now zero in to the Copperbelt, there are certain factors of course that we may need to look at that may not apply to other areas. The Copperbelt as you know very well, this has been a mining province. That is why it is called Copperbelt. Not so much mining in Ndola but Ndola has benefited for many years from what has been happening on the Copperbelt. When you go to Luanshya, I was in Luanshya yesterday (Tuesday), I was told after a meeting with our members, this man tells me ba Father kabiyenifye mu market mulya.\u201d<\/p>\n

For More News And Analysis About Zambia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zambia. Socialist Party Member of the National Mobilization Committee Frank Bwalya has rated Zambia\u2019s current economic situation as bad. Mr. Bwalya, who is on a branch formation drive in Copperbelt Province, said many Zambians are not affording basic things such as food and bus fares. He said the recent improvement in the national […]<\/p>\n","protected":false},"author":84,"featured_media":28924,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,8,12,16],"tags":[234,235,233],"class_list":["post-28925","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-homepage-english","category-policy","category-twitter","tag-africa-press","tag-africa-press-zambia","tag-zambia"],"yoast_head":"\nZambia\u2019s current economic situation is bad, inflation rate is not a sign of economic improvement - Zambia<\/title>\n<meta name=\"description\" content=\"Socialist Party Member of the National Mobilization Committee Frank Bwalya has rated Zambia\u2019s current economic situation ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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