National Movement for Progress NMP leader Ng’andu Magande has charged that Zambia’s economy has been stagnant under the leadership of President Rupiah Banda.
Mr. Magande notes that the rate of economic growth has remained at the same level late President Levy Mwanawasa left it.
He questions government’s insistence that the country has been recording economic growth.
Speaking to QFM radio in an interview, the former finance minister further wonders why the rate of economic growth has remained stagnant despite Zambia recording back to back bumper harvests and copper prices being high on the international market.
Mr Magande adds that it is from such a background that his government will ensure that economic growth tallies with improved standards of living for the people when voted into government.
QFM
What economic indicators is the “all know” it all using to to state that there no economic growth in Zambia. I am an economist myself and I think that the statement by Magande is based on hatred for RB. Lets learn to crictise objectively and give praise where it is due.
Does this guy really think he can win an election based on what he his saying? Its amazing what people can say when the become jobless
Makaka you failed. How can you have K3bn cash in your bank account, you believe in being rich rather than being wealthy.
Am afraid Mr Magande as former minister of Finance will have to articulate himself better than that to win an election. Much more better educated economists have acknowledged Zambia’s economic growth. You will need to show as some figures to show that Zambian’s economy is stagnant. That cheap talk will not get you anywhere
This is pure politicking and has no substance at all. Politicians who are not sincere in there campaign words will remain irrelevant to the Zambian community. Surely you do not need a rocket scientist to admit that if an economy is reported to have grown by 2% yesterday and it grows for another 2 % this year there is a progressive growth. This is an indication of how politicians can throw themselves into the cold by being so irrelevant to their own environment. By the way Magande has no constituency, the electorate know who to vote for. One moment he says the economy is fine just needs fine tuning here and there the next moment he says the economy is not growing it is where it was left by LPM (MHSRP). It is these inconsistencies that separate the sheep from goats on the political arena.
Ichinwa ubukulu kwati chinena che hule lyapa kapiri
kapiri mposhi….lol.good times!
Magande was an honest finance minister whereas musokotwane is a crook !
and Mines and Minerals minister Mwale is a nonentity…
How does the mines minster come in!your personal hatred for him sucks,get a life!
If the economy is growing at a constant rate of , say 2%, that means that the economy is at least growing.I do not see any sense. Maybe economists will understand better this assertion.
How can you move the country forward if you refuse to acknowledge where it is now? As an economist, he’s even questioning the statistics and growth results. Crucially, what rate would you grow the economy and what are your plans to achieve that growth?
The opposition seems to have lost the initiative – they regard MMD bashing as plans.
the problem with Magande is bitterness. he should drop the “i was told by those who where told by mwanawasa that he preferred me for president” bitterness has killed the one time good finanve minister.
Magande,the biggest problem with you is your pride,even if LPM preferred you as his successor that was his own preference NOT the Zambians.Had it not been for your pride and bitterness you were going to be serving in the RB government and who knows you might have taken over in 2016 but am afraid you are in the political wilderness at the moment.You are better off farming basaa!
Just shut the hell up Magande. Are you still there? To hell with you!
If there is anybody who can’t notice that the economy is growing, then there is something seriously wrong with them and there is nothing anybody can do for them.
An opposition leader will always find something to criticise the govt
lol…the funny thing is that if say RB is president for the next 5 years this same man might defect tack to MMD and sing praise songs..lol just watch and see what happens. politics yanzala mu zambia  bassa. ya pyopyongana.
Magande is a foolish fool.This man thinks he is extra superior .His foolish pride has been his greatest enemy.His down fall is just around the corner.
Do we need economists of Magande type to tell us that the economy is improving? Sata, Magande,HH, Milupi, Harlot Nawakwi, all are oblivious of development in Zambia; they can’t see the new district hospital in lusaka. They don’t see the roads being done. they do not see that people have money to buy vehicles which have flooded zambia. They do not see that many people are building houses all over zambia. They do not see that there is no inflation ; no shoetages. All they choose to say is that there is no developmet…………….foolish !
Magande is not a serious economist. He is an Agricultural economist. Please note the qualification to the title! No wonder he does not see what is really happening!!!!
Magande is being disingenuous at best and dishonest at worst. This smacks of desperation of the worst order too. He must rue the day he quit MMD. As someone has pointed out already Mr. Magande should have had the sense to put his pride aside, continued working within MMD, and his turn may have materialised in 2016. His only chance of contributing to the nation now is through Parliament because at this rate I can’t see him ever becoming a President of Zambia.
NOwaday, they are called opposition, some will oppose even when they can see development with their eyes
Zambia Currency is a shame.. K1billion to buy a house, now will translate to K1billion for  a loaf of bread  in future.
What are they doing? Can’t the link the Kwacha to the US or Rand and get rid of the zeros that make the Kwacha look like a useless Newspaper.
Mr.Magande should support his claims with scientific evidence not empty words.