WEEKLY ECONOMIC RECAP - 22ND EDITION
ZCAS Economics & Business Association (ZCASEBA)
Empowering Tomorrow's Leaders: Nurturing Excellence in Economics and Business
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PRESIDENT Hakainde Hichilema has directed senior government officials to ensure the limited public resources are used efficiently to focus on investment as opposed to consumption expenditure, as the latter is what messed up Zambia’s economy in the past 10 years.?
2. *Tomato price reducing? *
THE price of tomatoes in Zambia has dropped from K600 per box to as low as K50.
?3. 105MW from Ndola Energy Company
government has outlined plans to bring in 225 megawatts (MW) of electricity in the next four months to cushion the widening power deficit, which has moved from 450MW to 750MW MW.
4. The government flagged off distribution of 1800 metric tonnes of maize??
government has flagged off the distribution of about 1,800? metric tonnes of relief maize to vulnerable households affected by drought on the?
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5. large ore deposit discovered in North Western Province
Dr Musokotwane said Zambia has made several ore discoveries in the mining sector that are expected to boost copper output and contribute to recovery of the country’s?
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6. World Food Programme (WFP) Piaf out $3.3 million?
Has? paid out $3.3 million to Zambia in response to the drought that the country is experiencing. President Hakainde Hichilema has expressed gratitude for the pay-out and assured the organisation that the money will be used for the intended purpose.
7. Zambia and the World Bank have signed an agreement?
The? agreement is? to cut carbon emissions in Eastern Province.The agreement will unlock up to $30 million in results-based payments that will in turn reward communities for their efforts to reduce carbon dioxide emissions between 2024 and 2029.
https://x.com/zadama24/status/1793212046906946025?t=Gz32K9_7t0C-sotLW7YQBw&s=08
8. EU gives Zambia K3.3bn grant
European Union (EU), German government & United Nations Children’s Fund (UNICEF) have given Zambia K3.3 billion (about €118.1 million) in grants for improving access to green energy and water supply in five water utilities across the country.
https://x.com/zadama24/status/1793245110039167323?t=snGiMFxsMP31oabjMXNWyg&s=08
9. HELSB recovers K500m
Higher Education Loans and Scholarships Board (HELSB) has managed to recover K500 million from over 17,000 student loans beneficiaries who were on the scheme since 2018.
https://x.com/zadama24/status/1793254828933562543?t=Rf_tEunQ6eRPBVEc1HvoDA&s=08.??
This week has witnessed significant economic activity.demonstrates proactive measures to address critical issues such as electricity supply, drought relief, and economic recovery through initiatives like copper output enhancement.?
Written By Naomi Bukasa & Ezra Nkhata
Edited By David Sikapizye