Avoid Debt Mountains, Cecillia Zimba prods Future leaders


By Ashton Kelly Bunda

Zambia Institute of Chartered   Accountants (ZICA) President Cecillia Zimba has urged future heads of state to insure they avoid falling in to insurmountable debt situations that would put the future generations’ economy in jeopardy due to unplanned borrowing and diverting of funds to unintended expenses.

Speaking during a Second Quarter Meeting at the ZICA Secretariat on Lusaka’s Thabo Mbeki road, Mrs. Zimba congratulated Zambian President Hakainde Sammy Hichilema, through Finance and National Planning Minister, Dr. Situmbeko Musokotwane and Bank of Zambia Governor, Dr. Denny Hamachila Kalyalya for earning a successful debt restructuring from the month of June 2023, during negotiations with the International Monetary Fund (IMF).

Elected as first female ZICA President in August 2020, Mrs. Zimba reiterated that ZICA holds a statutory mandate to give advice to government, pointing out that it is an open secret that ‘Mother Zambia’ is rich  in natural  resources for her not to traverse the globe with a begging bowl.

 


Pushing the agenda of domestic resource mobilization, Mrs. Zimba, who is not seeking re-election at the forthcoming 11th August, 2023 ZICA elective Conference in Livingstone, Southern Province, implored Zambia to create wealth locally, through a prosed ‘Sinking Fund’ legislation.

 Zambia institute of Chartered Accountants (ZICA) proposes that government lead in increasing tax on mineral ore extraction and that the money must go into the ‘Sinking Funds’. As ZICA we believe that Zambia can use sovereign wealth through utilization of natural resources. Zambia is endowed with Cobalt and manganese minerals on the Copperbelt and Luapula for using in electric vehicle batteries and that must imposing tax where it is necessary,” Mrs. Zimba stressed flanked by Mr. Anthony Bwembya the Secretary and Chief Executive of the Institute since 3rd January 2022.


The outgoing ZICA president recollected that on Tuesday, 30th May 2023 the United Party for National Development (UPND) New Dawn Administration led by President Hakainde Hichilema and Vice President Reverend Witner Kapembwa Mutale-Nalumango launched the enviable National Decentralization Policy for accountability among local authority spearheaded by Local Government and Housing Minister, Mr. Gary Chilala Nkombo, Ministry of Local Government and Rural Development (MLGRD) Permanent Secretary for Administration, Mr. Maambo Haamaundu and MLGRD Permanent Secretary for Technical Services (PS-TS), Mr. Nicholas Phiri.

 

  

 

 

Comments

Post a Comment

Popular posts from this blog

Independent Broadcasting Authority to Repeal Act,Guntila Muleya

Image
  Independent Broadcasting Authority   to Repeal Act,Guntila Muleya By Ashton Kelly Bunda Independent Broadcasting Authority (IBA) director general Guntila Muleya says technology has transformed faster than regulation and that changing IBA Act number 17 of 2002   will help in addressing the gap. Speaking during the Independent Broadcasting Authority (IBA) Meet and Greet the Director General (DG) media event held at on 17 th May ,2024 at Quorum hotel Lusaka ,Muleya   said challenges and opportunities lie ahead and his team is committed to fostering collaborative relationships with all stake holders so that can towards creating an enabling broadcast media   environment that serves the interest of all Zambians. “together with my team at IBA we plan to implement regulatory frameworks that strike a balance between freedom and responsibility by ensuring that broadcasting stations adhere to regulations   and guidelines ,while also preserving their editor...
Read more

Shadreck Chapala Zanaco grounds Man Forgotten Hero

Image
  Shadreck Chapala   Zanaco grounds Man Forgotten Hero By Ashton Kelly Bunda Former Zambia National Commercial Bank (ZANACO) football club kit co-ordinator –cum grounds man   has appealed to    ZANACO   director   Chibesa Kunda   and the sports department to reward   him   for   passionately   working for the soccer   stadium and rooting for the team during league matches for 14 years. Chapala initially    joined the bankers in 1999   as   a “DIE hard “one    man   supporter   who used to   ring the loud bell around the stadium   helped to   motivate and groom   some   prominent   soccer stars among them former Glassgow Rangers   striker Fashion Sakala ,Italian Serie A winger Lameck Banda of Lecce football club   and   2010   Zambian   super league top scorer Winston Kalengo   who used   to walk with him for train...
Read more

Blessings upon church and political leaders in zambia

Image
  Blessings upon Church and Political Leaders in Zambia, Apostle Quentin   Cook By Ashton Kelly Bunda The church Jesus Christ latter-Day Saints   member of the Quorum of the twelve apostle Quentin LarMar    says when there is genuine repentance one expect forgiveness ,comfortable life and blessings . Apostle Cook who arrived in Zambia on 21 st February 2023 is a religious leader who is a native of Logan city in Utah united states of America (USA) told members of the church at Lusaka stake that repentance is key to celestial kingdom to dwell in the heavenly presence the father and Jesus Christ. Apostle Cook 82 years old a former lawyer and business executive spoke blessings upon the Zambian church leaders and that may   God bless them with wisdom and resources to contribute to the   advance their nation. Apostle Quentin who praised the 17 th prophet of the church Russel Marion Nelson the former heart surgeon for his wise decisions and deeper...
Read more