$1.4 BILLION SUPPORT AWAITING IMF BOARD RATIFICATION.

-

 $1.4 BILLION SUPPORT AWAITING IMF BOARD RATIFICATION

This is a good step in the positi


ve direction but people should know exactly what is about to happen as the 2022 budget starts taking shape. 

We are here today because debt is choking our economy. What that means is that your salary is K10,000 but ABSA is cutting K7,000 from your salary. You remain with K3000 to pay for your children's school and education. Your salary minus loan deductions can allow you to rent a K3500 house and still remain with enough to run your home but you cannot because the DEBT IS CHOCKING you.

This is where we are today as a country, we are being chocked by debt and if we continue without a bailout then we will go from bad to worse. 


To move forward, we need to increase the net amount needed to run the economy and that is where the IMF comes in by giving you support of K5000 per month to push your net income from K3000 to K8000.

Now lets be frank and open with each other here and let us not sugarcoat things. The previous administration borrowed heavily to save face. Even when they could not afford to give you cheap fuel, they borrowed to give you cheap fuel not realizing that that borrowing was increasing the net debt. They borrowed for many other things to provide a cheap livelihood meanwhile plunging the nation into serious and unsustainable debt that continues to chock all of us today.


The new dawn government wants to put an end to all this; this means getting rid of all those cheap things offered to you through borrowing. No more borrowing for CONSUMPTION but for CAPACITY BUILDING, that is part of the agreement with IMF, each man will pay full price and that my friends will not be an easy road. It is the only way, we can postpone it but it will eventually catch up with us, better we go through this mud now. Let us pay high fuel prices, high electricity and high whatever. 

This now calls for initiatives on how to counter the reduction in your monthly income due to the coming increases in food prices and other essential commodities. take advantage of safe financial instruments that can protect you from high prices by letting a portion of your money to work for you. If you do not trust the financial space you can partner with a farmer and inject some capital that will give you some return after some months. It's time to work smart and pool resources with friends or else unga nkale saka pa Lusaka...

Comments

Post a Comment

Popular posts from this blog

WHO IS THE RICHEST BETWEEN DANGOTE AND C RONALDO

-
 Is Aliko Dangote Richer Than Christiano Ronaldo - see Their Net worth Abubakar_ib Oct 30, 2020 11:55 AM It is common among many youths and Football fans to argue on who is Richer Among Aliko Dangite of Africa and the Football Star C.Ronaldo. While Some feels as a Footballer, Ronaldo make huge some of Money Weekly from His Team, country and even Fans, while Dangote is a business man From Africa. While before we conclude on who is Richer, let me show you their Net worth. Aliko Dangote Aliko Dangote, was born on April 10, 1958(Age 63) in Kano State. He is a Muslim and Hausa by Tribe. He is the son of Mohammed Dangote and Mariya Sanusi Dantata, the daughter of Sanusi Dantata . He is the great-grandson of Alhaji Alhassan Dantata ,who was the richest West African at the time of his death in 1955. Dangote involves in the production of Cements, Sugar, And Pastas. "He has an estimated net worth of US$ 8.3 billion (July 2020) while my networth is still less🤣🤣🤣🤣, making him the 162nd we...
Read more

START A PIZZA BUSINESS.

-
Image
 START A PIZZA BUSINESS.  You can call it a nice name.  Get boxes brand them nicely look for marketing team and get two motor bikes . The start up price for these Ovens is K7000.00 the 4 deck that uses gas is K65000.00 you can get them or we can source for you.  I have noticed how much people love Pizza in some part of townships in zambia.  Theres always a long line up at Debonairs. People have even got used to ordering telephonically using ulendo eat or roverty etc.  We need to challange these big companies taking money in our Township economy.  With K100,000 you can start a perfect pizza business.  On that K100,000 you can buy:  1. An oven K50000 min 2. Othe equipment K10000.00  3. Scooters K15000.00  4. An online store K4000.00  5. Other start up costs.  You can go online and look for the perfect recipies. Buy an oven for now practice until you make a better quality Pizza than Debonairs. Even if it takes you a year. Bra...
Read more

DATING SOMEONE WITH A FIXED MINDSET IS SO DRAINING

-
Image
  There's nothing more draining than dating someone with a fixed mindset when you're an entrepreneur. I was once in a relationship with a police officer. She was pretty that attracted me to her and I thought she was more ambitious since she was working. The problem was that she had a fixed mindset. She was a robotick thinker. The fact that she had a degree convinced her that she was smart and didn't need to learn anything new. So we never even had decent conversations. We will always talk about celebrities and whatever is trending on the internet that time. We never discussed new ways of making money or potential investments e.t.c The other thing was that she was putting pressure on me. You know when someone is working pressurizing you to get a house, a sustainable job or sustainable business. Putting pressure on you to settle for less because people with fixed mindsets love security more than anything. They start comparing you to their colleagues and their friends boy...
Read more