COST OF LIVING TO KICK OUT UPND IN 2026 – NG’AMBI 

PATRIOTIC Front (PF) Chairperson for Industries Frank Ng’ambi has said the prevailing high cost of living will force the people of Zambia to vote out the UPND Government in 2026.

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Mr. Ng’ambi, the immediate past Chifubu Member of Parliament, said hunger would unite the people and compel them to change Government in 2026.

Commenting on the UPND’s first two years in office, the former lawmaker described the first two years of the UPND regime in office as failure.

He said the people changed Government in 2021 with the hope that the New Dawn Government would improve their welfare.

Mr Ng’ambi said the cost of living for a family of five as measured by the Jesuit Centre for Theological Reflection (JCTR) for the month of July 2023 in Lusaka, stood at K9, 301.18 in comparison to the recorded figure of K9, 239.45 in June 2023, signifying an increase of K61.73.

The average cost of living across all towns monitored stood at K6, 752.91, reflecting an increase of K236.64 in comparison to June 2023.

“People change governments to better their living standards. Any government that fails to improve the living standards of its people is a failed Government and the people would want that Government replaced. Fundamentally as a member of the community I want to support something that will improve my quality of life. As long as growth and prosperity does not fall within the benchmark of any government for me it means it is a failed Government,” Mr. Ng’ambi said.

Mr. Ng’ambi cautioned UPND praise singers against misleading the Government with praises  

“I am a very happy leader that this UPND Government will be booted out of office in 2026. Why do I say that? I know that hunger will unite the people of Zambia to vote out the UPND. For me the two years of UPND in government is a failure, this is a failed Government and urging the Zambian people especially those praise singers to stop praising this government because we go to the same shops, we board the same buses. But UPND Copperbelt Youth Chairman Wallen Hinyama has said the New Dawn government is making frantic efforts to lower the cost of living.

Mr. Hinyama said the UPND regime has performed well in the last two years it has been in office.

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BOZ TO PUBLISH CONSULTATION PAPER ON DIGITAL CURRENCY

By BUUMBA CHIMBULU

THE Bank of Zambia (BoZ) has said it will soon be publishing a consultation paper on the development of digital currency in the country.

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The Central Bank has, however, warned those trading using digital currency that they are doing it at their own risk until the development on the currency is developed.

Some stakeholders such as the Zambia Institute of Chartered Accountants (ZiCA) recently called for a way forward on the development on digital currencies.

In giving an update on such advances, BoZ Deputy Governor Operations, Francis Chipimo, announced at a media briefing on Wednesday that the Central Bank would soon be publishing consultation paper.

“We will be publishing consultation paper. Indeed, other Central banks are looking at it, we are aware of two who are actually running it. I think Nigeria and the Bahamas central banks are running the digital currency and the others it is in different stages of development,” Dr Chipimo said.

On scams being committed using digital currencies, Dr Chipimo said the Central Bank followed up on them each time they had leads.

He explained that the Central Bank was aware that there were people to taking deposits from others using the concept of crypto and digital currencies.

“When we hear about these, we follow them up and we pave way for them to prosecute so we are also conducting awareness campaigns trying to educate people.

“We should be launching an automated system for complaints which people can be able to utilise to interact with the public,” Dr Chipimo said.

Meanwhile, Central Bank Governor Denny Kalyalya warned those trading using digital currencies that they were on their own.

“We issued actually a circular so we said that if you engage in that then you are on your own.

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Researcher calls for modernizing the UN’s traditional approach to population replacement measurement

In 2021, Arni S.R. Srinivasa Rao, Ph.D., presented a critique on the formula of net population replacement levels at the International Population Conference 2021 in Hyderabad, India. It was one of the first times he had publicly shared his latest research on population replacement commonly calculated through net reproduction rate (NRR). A blog on the same topic written by him also appeared in Population Association of America’s “PAA Affairs.”