Maravi

Chamber of Mines urges govt leaders to exercise self-control

Chamber of Mines urges govt leaders to exercise self-control
By Kabanda Chulu
Tuesday September 02, 2008 [04:00]

CHAMBER of Mines president Nathan Chishimba has appealed to government leaders to exercise self-control in order to maintain current economic growth rates. And Zambia State Insurance Corporation (ZSIC) financial and investments director Zingani Phiri said there was no need to disturb the budget cycle because of the state funeral.

During the contribution of K100 million towards the funeral for the late President Levy Mwanawasa at the Bank of Zambia (BoZ) yesterday, Chishimba said the mining sector had continued to grow due to the good policies of the late President.

"When President Mwanawasa was elected in 2001, the mining sector was not performing well but over the years and due to his guidance (President Mwanawasa), the mining sector has continued to grow and just last year, a UK based group of investors voted Zambia as the best mining destination," said

Chishimba. "So we appeal to government leaders to exercise self-control and show good leadership during this solemn moment in order to maintain and sustain the current economic gains."

And presenting a ZSIC cheque worth K20 million, Phiri said the state funeral should not be left to government to handle alone.

"During the reign of the late President, the insurance sector has continued to record positive gains and in appreciation to what late President Mwanawasa did, we are presenting this little token to supplement government efforts because they should not be alone in this funeral," said Phiri.

"We hope this will help in one way or another especially that the funeral was not planned for hence the budget cycle should not be disturbed."


And receiving the donations, BoZ deputy governor Dr Denny Kalyalya said the financial contributions would ease the financial pressures which government is faced with the state funeral.

"We thank the stakeholders for making these contributions and it shows that the late President touched on many lives through his able leadership qualities and we need to remain steadfast to ensure continued growth," said Dr Kalyalya.

Last Friday, Investrust Bank Plc made a contribution of K20 million and so far the Central Bank has remitted K196.5 million towards the funeral.

Labels: CHAMBER OF MINES, NATHAN CHISHIMBA, ZINGANI PHIRI, ZSIC

posted by MrK @ 4:58 AM