Zambia holds national prayer day to hold Kwacha from record drop
Monday, October 19, 2015
All football matches in the country were called off, with bars and restaurants forbidden from accepting clients for most of the day on Sunday.
The president’s call for a national day of prayer and fasting gained a wide support from Zambia’s churches, which conducted prayers all across the country for the mostly Christian population of 15 million people.
While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...