— The World Bank says Zambia should quickly stop subsidizing electricity and fuel consumers to correct the country’s battered economy.
World Bank Country Manager for Zambia Ina-Marlene Ruthenberg said the removal of subsidies would help the government run parallel with a public expenditure program aimed at strengthening financial and other social safety nets to mitigate vulnerability to poverty among poor households. ( Daily Nation)
— A company that manages a lake owned by the Zambian and Zimbabwean has reduced water allocation to Zambia’s power utility for power generation by 50 percent compared to last year due to low water harvest during the 2015/2016 rain season.
Zambezi River Authority spokesperson said the water levels in the lake was in the recession and will only rise at the onset of the 2016/2017 rain season, adding that Zambia’s power utility will continue to produce electricity below the full capacity for the rest of the year. (Daily Nation)
— The International Development Research Center of Canada (IDRC) has advised Zambia to be more aggressive in accessing financing from development organizations for skills development and should take advantage of the opportunity to change the situation.
IDRC senior program officer Paul Okirra Okwi said countries like South Africa, Tanzania, Uganda and Kenya which had been more aggressive in sourcing resources for technical and vocational training. (Times of Zambia) Enditem
Source: Xinhua/News Ghana