GOVT ASKED TO SUSTAIN MINES
Economist Oliver Saasa has called on government to intervene and help sustain the operations of the mines.
Professor Saasa says the mining sector is a major source of Zambia’s foreign exchange earnings.
He says any disruption in productivity in mining sector will result in a decline in foreign exchange inflow which accounts for 70 percent of the countrys’ export earnings.
Professor Saasa also called for an expansion of industries that can broaden the base for collecting taxes.
He said in an interview with Zambia National Broadcasting Cooperation(ZNBC) News that government should also invest in sectors that are able to raise revenue which is enough to service both domestic and external debt.
Professor Saasa further praised government for investing in infrastructure development such as roads to facilitate economic growth.
And Trade Expert Gilbert Nkamba says there is need to ensure the mines remain productive if the country is to cushion the kwacha from further depreciation.
By Reuben Chomba,Ellen Hambuba (ZNBC)