Zambian Watchdog

NAREP to contest Mpongwe bye-election, welcomes Kwacha rebasing

January 07
13:26 2013

Opposition National Restoration Party (NAREP) president Elias Chipimo Junior has said the rebasing of the Kwacha will boost foreign and local confidence in the economy of Zambia.

Mr. Chipimo however said government should have a consistent, transparent and clear policy direction in order for the rebasing of the Kwacha to have meaningful impact

He was speaking at a media briefing in Lusaka today.

Mr. Chipimo said rebasing of the Kwacha was costly hence the need to have stability in the government’s affairs.

He said the frequent reshuffling of ministers, deportation of foreigners, statutory instruments on trading only in Kwacha and the manner in which the minimum wage was introduced were suggesting instability in government affairs.

And Mr. Chipimo has said his party will contest the Mpongwe by-election even though such polls could have been avoided if political parties had put their houses in order.

And The Press Association of Zambia (PAZA) Executive Secretary Patson Phiri commended the media for the role it playing in the Kwacha rebasing exercise.

Mr. Phiri said the citizens of Zambia were informed about the rebasing of the Kwacha through the media’s hard work and accurate information.

He reaffirmed the media’s importance in politics saying no campaign would be successful without the active participation and coverage by the media.

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