By Daily Revelation Editor
The prostitution between some mines and key politicians in ruling parties will continue affecting this country from getting a fair share from its cherished resources.
We know for instance about the pay for play schemes that are engaged in between some of these corporations and those they feel have the potential to win in the elections. They leave no stone unturned in ensuring that they bankroll these political parties to win elections so that they can gain favours and other benefits from them once they are elected into office. These are politicians who sell their souls to the devil over narrow selfish interests at the expense of the masses they are supposed to be leading.
They place the interests of many on the altar of selfish and narrow-minded personal interests, and in the process condemn many to the jaws of endless poverty as mining is a wasting asset. If you don’t benefit from it today, when will you do? These investors will come into the country, make billions if not trillions and leave you behind with only sad memories of what would have been if only the nation had used its mineral wealth wisely.
Why would any leader worth their name even for the love of money sacrifice national resources for their own interests as if the wealth this country owns is their personal tuntemba?
Zambia is one of the most richly endowed countries in the world. This country has some of the best gemstones in the world, it has gold, sugilite, copper among many resources any nation would wish to have in order to prosper. We wonder how a country so richly endowed should be seeing its currency depreciate in such a tragic manner for over a year, named actually as the worst performing currency in the whole world.
Yes, we know that the UPND wants to attract the much needed investment into the country, and the PF itself and before them the MMD were not above board in terms of managing mineral resources for the benefit of the people, however, we question why there should be a reduction in taxation when the prices of copper have been very stable on the international market for a long time?
One can only admire how the people of Panama treasure their national wealth. First Quantum Minerals which owns mines here in Zambia can give a proper account on that. They have just learnt in Panama that not all the people are as gullible as we are here.
Why should the Kwacha be trading at over K27 to US$1 today given the wealth we possess in this country? What is the problem with just getting a fair share from the mines, the main forex earner so that we can stabilise the fiscal and monetary policies in this country, when we are all aware about the havoc a weakened Kwacha is causing right now? Just last week prices of fuel were increased from the already high K29.98 to K34.19 on account of the same weakened Kwacha, and with it subsequent increments in the prices of goods and services and the heightened cost of living.
The same inflation that the government tried to address by raising the Statutory Reserve Ratios and Repo Rate is today rearing its ugly face in our faces as the Kwacha has depreciated further on account of problems in the forex market.
As long as our politicians continue to prostitute themselves with these corporations, this country will never see any benefit from its resources. They will continue sacrificing the interests of all the others on the altar of personal expediency.
Related
By Daily Revelation Editor
The prostitution between some mines and key politicians in ruling parties will continue affecting this country from getting a fair share from its cherished resources.
We know for instance about the pay for play schemes that are engaged in between some of these corporations and those they feel have the potential to win in the elections. They leave no stone unturned in ensuring that they bankroll these political parties to win elections so that they can gain favours and other benefits from them once they are elected into office. These are politicians who sell their souls to the devil over narrow selfish interests at the expense of the masses they are supposed to be leading.
They place the interests of many on the altar of selfish and narrow-minded personal interests, and in the process condemn many to the jaws of endless poverty as mining is a wasting asset. If you don’t benefit from it today, when will you do? These investors will come into the country, make billions if not trillions and leave you behind with only sad memories of what would have been if only the nation had used its mineral wealth wisely.
Why would any leader worth their name even for the love of money sacrifice national resources for their own interests as if the wealth this country owns is their personal tuntemba?
Zambia is one of the most richly endowed countries in the world. This country has some of the best gemstones in the world, it has gold, sugilite, copper among many resources any nation would wish to have in order to prosper. We wonder how a country so richly endowed should be seeing its currency depreciate in such a tragic manner for over a year, named actually as the worst performing currency in the whole world.
Yes, we know that the UPND wants to attract the much needed investment into the country, and the PF itself and before them the MMD were not above board in terms of managing mineral resources for the benefit of the people, however, we question why there should be a reduction in taxation when the prices of copper have been very stable on the international market for a long time?
One can only admire how the people of Panama treasure their national wealth. First Quantum Minerals which owns mines here in Zambia can give a proper account on that. They have just learnt in Panama that not all the people are as gullible as we are here.
Why should the Kwacha be trading at over K27 to US$1 today given the wealth we possess in this country? What is the problem with just getting a fair share from the mines, the main forex earner so that we can stabilise the fiscal and monetary policies in this country, when we are all aware about the havoc a weakened Kwacha is causing right now? Just last week prices of fuel were increased from the already high K29.98 to K34.19 on account of the same weakened Kwacha, and with it subsequent increments in the prices of goods and services and the heightened cost of living.
The same inflation that the government tried to address by raising the Statutory Reserve Ratios and Repo Rate is today rearing its ugly face in our faces as the Kwacha has depreciated further on account of problems in the forex market.
As long as our politicians continue to prostitute themselves with these corporations, this country will never see any benefit from its resources. They will continue sacrificing the interests of all the others on the altar of personal expediency.
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