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By Mwanda Phiri and Zali Chikuba
Over the years, Zambia's demand for motor vehicles has increased in tandem with economic growth. In the absence of an efficient public transport system, privately owned vehicles provide a more reliable and efficient alternative mode of transportation that facilitates economic and social activities. However, the policies governing the importation of vehicles in Zambia particularly taxation, have been a subject of debate mainly because they do not incentivise consumers to acquire newer and safer motor vehicles.
By Florence B. Muleya and Malindi Msoni
On the 9th of October, 2015, during the national budget address, the Minister of Finance announced the Government's plan to raise K41.9 billion from domestic resources in 2016, representing 20.4% of Gross Domestic Product (GDP). Currently, with falling copper prices, severe energy shortages and a depreciating Kwacha, meeting the 2016 revenue target is likely to be an uphill battle compared to the 2015 revenue target of 18.1% of GDP. Moreover, Government has often revised revenue targets downwards even in years with good economic performance.
By Caesar Cheelo and Thulani Banda
On 18th October, 2015 Zambia united in response to President Lungu's appeal to fast and pray for forgiveness and reconciliation. Many prayed for the country to receive relief from the recent social and economic woes, including the continuously depreciating Kwacha.
To the disappointment of many, the Kwacha, which had closed at ZK11.70 per US dollar the Friday before fell by 2.6 percentage points to ZK12.01 per dollar the Monday after Prayer Sunday. How could this happen after all the earnest prayers?
By Florence Banda-Muleya and Caesar Cheelo
Two weeks ago the Minister of Finance delivered the 2016 National Budget Address to the National Assembly. The buzz that came in the aftermath of the Address was no surprise. For days the general public and organisations alike talked about nearly every segment of the Budget trying to figure out what the big deal about this particular Budget was. Why should it matter so much?
To begin with, the National Budget represents Zambia's financial plan for the fiscal year, in this case 2016.
By Malindi Msoni and Shebo Nalishebo
The Zambian government has to-date issued three Eurobonds: one worth US$750 million in 2012, another for US$1 billion in 2014 and for US$1.25 billion this year (2015). While Eurobond issuances present several potential benefits for the country, notably increased financing for infrastructure development, they also expose the country to significant risks. Because they are denominated in US Dollars, Eurobonds are susceptible to losses resulting from adverse fluctuations in the exchange rate, commonly known as currency risks.
"This interview originally appeared on the On Think Tanks website, which can be found here: http://onthinktanks.org/
By Daniel Boyco
[Editor's note: This is an On Think Tanks interview with the Executive Director of the Zambia Institute for Policy Analysis and Research – ZIPAR, Pamela Kabaso, on why impact & influence requires more relevance and how to deal with one of the loneliest jobs in the world – being director of a think tank. It was conducted by Will Paxton, co-Director of Kivu International.]