Antonio Mwanza: HH Has Nothing To Do With Kwacha Appreciation

According to Patriotic Front (PF) Media Director Antonio Mwanza, opposition United Party for National Development (UPND) President Hakainde Hichilema is not to blame for the local currency’s appreciation from K23 to K20.7 per dollar.

Mr. Mwanza stated that the Kwacha appreciated as a result of President Edgar Lungu’s positive policy shift.

He explained that the President granted the Zambia Revenue Authority (ZRA) the authority to reform by closing loopholes in order to collect correct taxes.

Mr. Mwanza said ZRA exceeded it’s target by 10 Billion Kwacha which was injected into the economy.

He said President Lungu negotiated with the mines to pay statutory obligations in dollars which saw the collection of Four Hundred Million Dollars paid directly to the Bank of Zambia which was helping to stabilize the Kwacha.

The PF Media Director said this when he featured on a Millennium TV discussion programme in Lusaka this evening.

Mr. Mwanza said the allegation by UPND President Hakainde Hichilema that the Kwacha appreciated because of the UPND’s imaginary opinion poll must be treated with the contempt it deserved.

He said even Mr. Hichilema’s Presidential Spokesperson Anthony Bwalya contracted him on his Facebook page by equally making unfounded allegations that PF stopped importing fuel.

And Mr. Mwanza said civil servants were now getting funeral grants and health insurance because President Lungu cared for them.

He claimed that President Lungu kept fuel prices stable by eliminating VAT and Income Tax, forcing motorists from other countries to buy from Zambia.

According to the PF Media Director, cooking oil prices have skyrocketed, but President Lungu has allowed for the importation of 9000 metric tonnes of edible oil, as well as the removal of income tax and import duty.

He claimed that mealie meal prices would have reached K500 per bag by now if the PF government had not intervened, and that businessmen were now exporting to neighbouring countries where they were making supernormal profits.

Mr. Mwanza stated that President Lungu never succumbed to the opposition’s call for a total lockdown, which would have resulted in untold suffering for Zambians.

 

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