Introduction

Zambia’s Vision 2030 and the Seventh National Development Plan 2017-2021 (7NDP) recognize tourism as an important economic sector for economic diversification, foreign exchange and employment creation.  Zambia has had one of the world’s fastest growing economies for the past ten years, with real GDP growth averaging roughly 6.7% per annum. (World Bank).  Tourism’s contribution to GDP has grown from 2.4% in 2012 to 3.1% in 2015, according to World Travel and Tourism Council (Travel and Tourism Economic Impact Report for Zambia 2017, WTTC).

The Tourism Value Chain is the sequence of primary and support activities, which are strategically fundamental for the performance of the tourism sector. A compressively developed Tourism Value Chain system, will certainly contribute to the achievement of various economic benefits in travel services, transportation, accommodation, food and beverage, tour operations, tourism product services and merchandising.

It is because of the Tourism Value Chain that, the tourism’s capacity to distribute wealth, reduce poverty, create jobs, and advance the change towards more sustainable consumption and production patterns has been recognized. The Tourism Value Chain is the sequence of primary and support activities, which are strategically fundamental for the performance of the tourism sector. A compressively developed Tourism Value Chain system, will certainly contribute to the achievement of various economic benefits  in travel services, transportation, accommodation, food and beverage, tour operations, tourism product services and merchandising.

VIEW PUBLICATION      DOWNLOAD

On the 2nd of November, 2017, The Report of the Auditor General on the Accounts of the Republic for the financial year ended 31st December 2016 became a public document. The report revealed that a total of K538 million was under query in the financial year ending 2016. This amount is a reduction from K881 million that was under query in the financial year end 2015.

Although the report shows a general reduction in the amounts of money that came under query the report highlighted significant audit queries of increased incidents for Unaccounted for Revenues, Misapplication of funds, Unaccounted for Funds and Unretired Accountable Imprest, as well as Unaccounted for Stores.

VIEW PUBLICATION      DOWNLOAD

 

VIEW PUBLICATION      DOWNLOAD

On 15th September 2017, The Republican President, His Excellency Mr. Edgar. C. Lungu officially opened the second session of the 12th National Assembly under the theme “MOVING TOWARDS A PROSPEROUS SMART ZAMBIA IN PEACE AND TRANQUILLITY WITHOUT LEAVING ANYONE BEHIND”. In his address to the Assembly and Nation at large, the President highlighted on several key components of Governance and Development focus. He also provided insight on key legislation that will be tabled before parliament during this session. To this effect, PMRC has produced the “ Presidential Speech Infographic”: aimed at creating awareness on several key components of the address to the Nation

 

VIEW PUBLICATION      DOWNLOAD

According to statistics in the Seventh National Development Plan (7NDP), agriculture sector is the fourth largest contributor to GDP (8.7 percent) and the largest contributor to employment. The sector is critical for achieving diversification, economic growth and poverty reduction in Zambia.

VIEW PUBLICATION      DOWNLOAD

The President of the republic of Zambia Mr. Edgar Lungu launched the Seventh National Development Plan (7NDP) on 21st June 2017. The 7NDP for the period 2017- 2021 is the successor to the Revised Sixth National Development Plan, 2013-2016 (R-SNDP) following its expiry in December 2016. The 7NDP is aimed at attaining the long-term objectives as outlined in the Vision 2030 of becoming a “prosperous middle-income country by 2030”.

VIEW PUBLICATION      DOWNLOAD

Food balance sheets present a comprehensive picture of the pattern of a country’s food supply during a specified reference period. The balance sheet is useful in assisting to target government polices with regards to food Security.

VIEW PUBLICATION      DOWNLOAD

In the 2017 National Budget, the government of Zambia announced a plan to introduce ‘cost-reflective tariffs’ for electricity by the end of 2017.  This means removing the subsidies which currently allow ZESCO to charge consumers less than the cost of producing and distributing the electricity.  In the current economic context, and faced with a large budget deficit and looming economic recovery programme, this is a welcome ambition. Removal of subsidies has the potential to crowd in investment in the energy sector, creating additional generation capacity and boosting growth.

Despite these benefits, policy questions do remain to ensure any withdrawal of subsidies is done effectively. For example, the Government needs to consider how cost reflective tariffs can be introduced while adequately protecting the poorest Zambians and Small and Medium Sized Enterprises (SMEs), as well as how to ensure price increases are sustainable and don’t end up being reversed in the future.

PMRC have undertaken a project to explore these questions in detail.  The project has assessed international experiences, predominantly from other African countries and brought this together with analysis of the impact of electricity tariff changes on households, the energy needs of SME’s and analysis of the key stakeholder interests to form policy recommendations on how to implement cost reflective energy tariffs sustainably.

Food balance sheets present a comprehensive picture of the pattern of a country’s food supply during a specified reference period. The balance sheet is useful in assisting to target government polices with regards to food Security.

VIEW PUBLICATION      DOWNLOAD

On 17th March 2017, H.E President Edgar C. Lungu addressed the National Assembly as provided for in articles 8,9 and 86 subtitle (1) of  the national constitution on values and principles.

VIEW PUBLICATION      DOWNLOAD

VIEW PUBLICATION      DOWNLOAD

On 30th September 2016 the Office of the Auditor General (OAG) released the Auditor General’s report for the year 2015.  The report reveals that a total of K881 million has come under query compared to the K266 million and K549 million that came under query in 2013 and 2014 respectively. The report further shows that there has been an increase in Undelivered materials and Irregular payments in 2015 compared to the last 2 years, while Unvouched expenditure has remained the same as previous years.