THE ZAMBIAN GOVERNMENT LAST MONTH INCREASED THE PRICES OF FUEL BY 15% WHILE THE FUEL PRICES ON THE WORLD MARKET HAVE BEEN STABLE FROM LAST YEAR 2009. ECONOMISTIS IN THE COUNTRY WONDER WHY GOVERNMENT IS NOT PUTTING FOCUS ON FINDING ALTERNATIVE OIL RESERVES FOR THE COUNTRY RATHER THAN CONSTANTLY INCREASING THE PRICES OF FUEL.
GOVERNMENT ABANDONED THE PROJECT OF HARVESTING BIO FUEL THROUGH THE JATROPHA PLANT WHEN THE COUNTRY IS IN DIRE NEED OF SUCH RESERVES. WITH A GROWING ECONOMY THE ZAMBIAN GOVERNMENT NEEDS TO INVEST IN ALTERNATIVE OIL RESERVES INORDER TO HAVE A FAVORABLE ECONOMY.
THE INCREASE IN FUEL PRICE HAS RESULTED TO THE PRICES OF COMMODITIES TO SKY ROCKET BY ALMOST 100%. THIS IS AS A RESULT OF THE PRODUCTION AND TRANSPORTATION COSTS THAT INCREASE IN RELATION TO THE FUEL COST.
Mulima Situmbeko
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fincial and ecconomic reporting is one of the resources with greatest potential to give the general citizenry an insite of the business ,economic, and financial arena hence greately influencing positively the descisions made by concerned parties both at household level and also by coporate entities,ngo's etc. As such , it should be promoted
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