Bloomberg says Zambia’s economic growth is among the fastest growing economies in Africa only second to Ethiopia.
Bloomberg Editor in Chief, Mathew Winkler says foreign direct investment from China and others countries has helped the rapid and consistent economic growth of both Zambia and Ethiopia.
Giving an outlook of Africa’s economies, Mr. Winkler said there is remarkable growth in Zambia’s mining and other sectors including telecom and technology sectors.
And Minister of Information and Broadcasting Services Dora Siliya has expressed concern at the rise of fake, inaccurate and false news.
Speaking at the 2018 Bloomberg Africa Business Innovators Summit ((ABMI), Ms. Siliya called on the media fraternity to encourage professionalism by establishing a strong self regulation mechanism as set up by lawyers, engineers, doctors and others.
She said government welcomed the initiative by Bloomberg to train business and financial journalists as this will raise the standard and quality of reporting especially on government policy, economic, business and investment matters.
Ms. Siliya called for a responsible and professional media that advances truth.
She emphasized that Zambia has not sold or mortgaged any of its state-owned enterprises such as ZESCO or ZNBC as widely reported by some sections of local and international media.
Over 90 leaders in government, media, technology,business and communities from 21 countries have gathered in Livingstone.
The theme of the 2018 ABMI is Africa 2025-The Mddua Landscape of the Future.
The 2018 ABMI event will focus on the impact of evolving global media, and hot to finance a rapidly changing industry and media opportunities presented by the Fourth Industrial Revolution.
And Bloomberg Co-founder and Editor-in-Chief Mathew Winkler said his organisation recognized that Africa will play an increasing role in global economy and therefore urgently required a robust, accurate business and financial media analysts.
He said Bloomberg founder, Michael Bloomberg had launched the pan-african program to strengthen media capacity, promote innovation and improve high quality news in the sector.
Zambia is hosting 2018 ABMI which has been hosted in Ghana(2017), Kenya (2016) and South Africa in 2015.
No aligned and positively neutral…
Well done my president. But we need MPs who are making your government a kakistocracy andbembezzling funds dealt with my president!
Well done, there is still a lot of work to do to get our citizens in charge of our economy and equip them with studies that allow innovation and inventions.
Any form education that does not change your heart and mind is useless education.
It is like a coat that you wear in the morning and remove in the evening.
Let’s work on our people as we develop my president.
You are right
There you go ladies and Gentlemen.
Vote presdeint Lungu if you have a tiny amount of sanity in you.
Thanks
BB2014,2016
Let’s roll …
Guys you elected this government in power singing Dununa reverse and how good they were going to be.
We are trying to support your thinking at the time and agreeing with you that’s all.
You need to be involved in politics and do not expect others to involve you cause no one will.
So with such development being printed in the media as Zambia being one of the fastest growing in Africa, we expect you voters to be jubilant cause we tried to reason with you and you refused with big insults coming our way.
So let’s salvage what we can. Let’s vite them in and dance dununa like you always do again.
Fact is they are winning constituency votes or be it by-elections. You are voting them in,,,, surely Zambia you love what is happening because you wouldn’t vote them in otherwise…
President Edgar Chagwa Lungu has my vote already for 2021.
It’s interesting, if Bloomberg had said something negative, the PF bloggers would have been busy calling it fake news and “these westerners have an agenda”.
Anyway, let’s just beware that FDI does not mean much if it’s not translated into a localised technology base and meaningful improvement in the social economic indicators of the man on the street
“Bloomberg says Zambia’s economic growth is among the fastest growing economies in Africa only second to Ethiopia”
Who introduces an article like this surely….LT be cautious to what you post on your site even an undergraduate can see that the Headline and the contents are totally different…when did Bloomberg say this? Dora will call anything she does not agree with fake news…this article must be the work of one dull Sunday Chanda.
Let’s roll! IT IS UNELECTABLE. WHen those with a different skin that the dung farm speak the dung community sing “Hallelujah!” I am waiting to hear if they will say, “Hallelujah” or “AMEN” or ….. “BUT….” Animo Farm is pitiful.
It is already barking! If it smells like galu and barks like a galu it is certainly a galu. MAD COW DISEASE!
Fake news at what rate is the economy growing 2.5 % and its the fastest boza.
If you read properly, it says “among the fastest “. Not as fast as Angola or Ethiopia but definately faster than the DRC, which might aswell delete the “D” and the “R” because it is neither democratic nor does it function anywhere close to a republic.
It will only make sense when they say Zambia economy is going down
Anything positive for lungus PF is fake news Kikikiki. Just wait and see insults follow.
Both PF and upendi learn to debate without insults
Am a non partisan political consultant
You are partisan brainless jerk
issuing such a statement in cowthern province is an insult not only to chief mukunya and the small god but to all bantustans
The story gives no percentage. How do we compare and verify? That’s why some are saying it’s political
The top two countries in Africa are Ghana and Ethiopia. Where does this story get its fake intro from? I can see its so amateur someone who wrote leaked examinations must have authored it. Bloomberg would not write like that
How do they come up with these statistics because the common man is not benefiting from this so called growth.
please someone to enlighten me?
Striker Idris Mbombo was on Saturday night voted Nkana Player of the Year during the club’s 2018 Awards Ceremony held at Nkana Stadium in Kitwe.
Mbombo, who has since left Nkana to join Sudanese club Al Hilal, also won the Golden Boot Award in absentia.
He scored 26 goals in all competition during his season long loan stint in Wusakile this year.
Crowd’s favourite striker Ronald Kampamba “Sate Sate” scooped the Fans’ Player of the Year award with midfielder Jacob Ngulube emerging as the Most Consistent Player on the night.
Youngster Harrison Chisala picked the Young Player and Most Improved Player Awards and Ghanaian defender Richard Ocran walked away with the Most Disciplined Player accolade.
Striker Walter Bwalya won the CEO’s Award with player-coach Joseph Musonda…
Fake Fake Fake!
………..media fraternity to encourage professionalism by establishing a strong self regulation mechanism WHO DOES THAT AT ZNBC? Second to Ethiopia fastest in Africa fake fake news when the majority of the citizens can’t afford a decent meal.
I subscribe to Bloomberg and nowhere does Editor-in-Chief Mathew Winkler say that…….atleast not this year did he ever write that …
Fake news.
Spaka ®
Most influential blogger
All rights reserved
“HH is UNELECTABLE,” Sharon and the Large Zambian community. “Fake NEWS,” BoSPakata. HAZALUZA HAGAIN!
fastest growth in the mind of those are eating well… If I am staying in chibolya, do you expect me to agree that fastest growth bring food in the fastest manner to me……it is a joke and insult to my intellect…..Go at ton centre and tell everyone you meet there that the fastest economy is with them, see the reaction……
And if someone is telling you that when they come into power they’ll put food on everyone’s table and all poverty will cease, I pity you for being so gullible! You’re being lied to. The poor you’ll always have my dear as our Lord Jesus Christ said.
tell this to National housing Authority employee
If true then, well-done we should give praise where it is due and they should do what ever they are doing to grow the economy and the repo effect will be felt by the man on the ground sooner than later, but if it fake news for political mileage, then we will know sooner or later.
Maybe the little boy, HH’s worshiper, has began to grow up. The risk of worshiping UNDER FIVE god is that you can become retarded too if you don’t cut yourself from to the TRIBAL CLAN mentality! Congratulations young man. There may be hope for you, after all!
Chi Sharon like I told u last time I am non partisan, if a person does the right stuff and delivers I will support and if u so the wrong thing I will call u out like the sh!t that you are with no reservations…..
Cho! Chise! Ba President ba bufi..HAKAINDEEEEEEEEE.
when Zambia becomes the fastest growing economy believe me we will feel it and no one will need to tell us
Even PANAMA and NAMWALA will feel it too!
Let us ask our UPND president to verify this information
This is what someone does not want to hear, this must be ZNBC news or something. Honestly there are challanges in the econmy but the current infrastructure development will support the next generation growth in the economy. The curves of economic growth are always up and down and we cannot not run away from this phenomenon. Even the developed economies go through these patches of economic hardships the pertinent question perhaps, is whether or not we are justified spending the kind of money we are spending on infrastructure development? My own view is that infrastruture development is long overdue and certainly we are justfied to spend on infrastrure development.
World Bank. Global Economic Prospect, Jan 2018 Sub-Saharan Africa Analysis
1. Ghana 8.3%
2. Ethiopia. 8.2%
3. Cote D’Ivoire 7.2%
4. Senegal. 6.9%
5. Tanzania. 6.8 %
6. Siera Leone. 6.3%
7. Burkina Fasso. 6%
8. Benin. 6%
9. Rwanda. 5.9%
10. Nicer. 5 %
These we’re the WB predictions in January, for the year 2018. As a country, we have beat all these countries. Let us Congratulate ourselves. This is not a joke of an achievement.
FAKE NEWS!
It only becomes truth when hh is put on the top of all things
That article is realative . What should concern Africans is that if Zambia is a model then Africa is doomed.
Am a non partisan political consultant
We were spurred by slogans such as Kwacha Ngwee in our quest for nationhood.
Zambia has made great strides today in the development sphere.
Thanks to Sata’s Z5000, L400, K400, N400, C4000 etc.
Dont believe evrything you read!
It’s going down for real in Zambia. Better to be a part of it than deny the success in making.
In real terms Zambia has the fastest growing poverty levels!! And among the highest corrupt countries on the continent. How do you reconcile the report by Bloomberg with this reality?
I agree with your sentiments.. could we have some figures (statistics ba L/T).. was you not part of the financial training for journalists??
The numerous thumbs down just confirmed to me that certain people only want to see failure in the country. Success is a hindrance to the ambition of a certain leader. My sister left Zambia for Sligo, Republic of Ireland in 2000. She’s been reading on social media how chaotic the country had become. But on Wednesday when she for a visit, she was shocked to find how “normal ” the situation is. A person with all senses function can’t fight for the country to fail so that he can become president. …for he will inherit a ruined country and the population will want him to fix it as promised in campaigns. What excuse would he give for his failure to fix the country that he ensured was destroyed.
Even if Zambia were to have the fastest growing economy in the world most Zambians would be poor.
The reason is that we are amongst the laziest Africans.
We talk,talk,talk,talk,talk….while the Chinese and others do the thinking and hard work
That’s true. Even in the early Kaunda days when called Zambia a paradise, we could not take advantage of the situation which by now would have given us several genuine billionaires. We want government to feed us for free. .remember the coupons for free mealie meal….how can a country thrive under such conditions.
Let me digest this news first because iyi yeve yani gwila. The way I have suffered looking for kwacha then today you tell me economy is growing, am I looking for the kwacha in wrong areas. Guys, lets investigate who is inciting these Bloomberg chaps to say what they are saying
This is the fastest growing Fake News article of 2018 with no rate of growth and no reliable source.
The UP aNd very Down don’t want to hear such news. News to them is anything negative about Zambia.
It is so shameful that normal human beings can be wishing their country ill.
I agree with ADEDO “Let us ask our UPND president to verify this information?
I also agree with Beyond Reproach “We talk,talk,talk,talk,talk….while the Chinese and others do the thinking and hard work.”
Umwina Nkana sums it up
“And if someone is telling you that when they come into power they’ll put food on everyone’s table and all poverty will cease, I pity you for being so gullible! You’re being lied to. The poor you’ll always have my dear as our Lord Jesus Christ said.”
Our man who thinks that the country has no President and is on autopilot had less than 200 cows before privatization. After…
This is the news that breaks akainde’s heart
I always approach issues with open eyes. The day the “New post” and ” this leader” start seeing things as they are I shall be the first one to congratulate them.The paradigm in the two is worrying and are sending wrong messages to the followers.When they say there is tension, one and only one party comes into play and that is guess who?Why them and not others?
I truly understand why Ichilema and his lost party are in serious confusion and directionless because the amount of development taking place in our country is second to non. Lets face it, President Lungu and the PF really mean business and I would only encourage them to continue to focus and on issues of development that provide opportunities to the critical mass of this wonderful and great nation.
At the rate development is unfolding, I can with certainty predict that Zambia will surely be the hub of Africa’s business. Lets support President Lungu and the PF, they really mean business to transform our country.
When is the C400 commencing on the Copperbelt so that we bury this lunatic called HH once and for all? We cant wait to see Kopala get transformed to bring it back to the yester years of glory and pride. Am sure those of us who remember what it was to live on the Copperbelt before HH destroyed know what am talking about. Lets go President Lungu, lets go PF……
Show us the trend. Fake news engineered by PF F-o-o-l-s.
We need to verify this , too much fake news floating around
Maybe money is coming in and being made but by the few, its very unfortunate. The success of a government cannot be measured by the success of the few connected but by the advancement of the larger disenfranchised iyi yatu ni animal farm
Judging by the many negative comments here, one gets the impression that some Zambians would have celebrated had Bloomberg said the country’s economy was going to completely collapse. How can one surely wish the worst to happen to one’s country?
Isn”t this fake news by Bloomberg?
The tragedy is that nothing seems to work for tribal Hacks, not even false news. If anything , fake news has backfired big time for upnd and Trib.al Hacks, more than any other of all failed strategies before the fake news. If elections were called today, he would probably score 32.1% of the vote, and 65% in his stronghold, reflecting a sharp and worrying drop in trust in him.
Good news. Proof of good economic performance by PF. Hope this is not Fake News!
and its Bloomberg….they are not usually very generous with praise are they.