ECONOMISTS WARY ABOUT IMF CONDITIONALITIES By NATION REPORTER
AS talks with IMF near conclusion, economists have expressed concern over the conditions that will be attached to the bailout package. They fear that the package will come with a raft of conditions
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DAILY
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NATION
Vol. 6. Issue 2770
Tanker drivers threaten to strike Page 7
whose effects will permeate the entire economy as was the case with Kenya. In Kenya, the IMF announced a US$2.4 billion loan aimed at responding to the next phase of Covid-19 and reducing debt levels with a condition for the country to
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start living within its means. That means freezing growth of the national budget, whose annual expansion has contributed to heavy borrowing. The second was for the government to restructure or privatise parastatals that continue to bleed
Thursday March 4, 2021
national coffers, a demand that had previously come with job losses. IMF also demanded that the national treasury weans itself off borrowing and instead find alternative ways of raising more money through taxes.
The Wanshington DC lender’s technocrats and the Kenyan Government reached a staff level agreement on a 38-month programme. IMF added that structural and governance reforms were in the
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SNEAKY KAMBWILI CHALLENGED Mr Kambwili
…to produce NDC constitution
GRIZZLY MINING EMPOWERS 1, 500 YOUTHS G By NATION REPORTER
RIZZLY Mining Limited has empowered 1, 500 youths with a mineral dumpsite in Lufwanyama as a contribution to improving the living standards of the local people. Meanwhile, the dispute between Grizzly principal Mr Abdoulaye Ndiaye and his Israeli opponent Israeli diamond billionaire Lev Leviev of Gemacanton has been resolved. The Mine is now back under the control of Mr. Ndiaye. To Page 3
Mr Mumbi
By AARON CHIYANZO
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HISHIMBA Kambwili has been challenged to produce the NDC constitution that enthroned him as president of the party that he has been claiming exists. NDC splinter faction member, Edward Mumbi who was Mr Kambwili’s spokesperson said his former boss was a “pathological liar.” Mr Mumbi said contrary to Mr Kambwili’s claims, NDC had no constitution or documents that enthroned him as President of the party.
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Malanji commended for chopper investment By ROGERS KALERO THERE is nothing wrong with Foreign Affairs minister Joe Malanji buying a helicopter for business when others not only own planes but have airstrips at their residences, Kwacha constituency chairman Alex Chembo has said.
UPND Alliance spokesperson nabbed (P4) By SIMON MUNTEMBA
Grizzly Mining Limited workers in the washing plant
OPPOSITION UPND Alliance spokesperson, Leslie Chikuse has been arrested at Woodlands police for allegedly obtaining money by false pretences.