Former President Rupiah Banda says it is regrettable that a lot of lies have been told about Zambia’s economy being bleak.
Mr. Banda says among the lies that have been told is that Zambia is losing state-owned enterprises and other national assets to her debtors.
He says Zambia’s economy is positive and undergoing a normal economic process.
Mr. Banda says the lies about Zambia’s economic situation should be brought to an end as they are capable of destroying the country’s image abroad.
He has expressed confidence that President Edgar Lungu has a group of professionals who will help him develop the country.
Mr. Banda says the country is capable of paying back its debt as it is within its limits, adding that Zambia has so far never defaulted on any of its loans.
He adds that there is need to find solutions to problems persisting in the agriculture, mining and manufacturing sectors among others.
And Mr. Banda says Zambia should understand reasons why there are few tourists that visit the country despite being endowed with immense tourist, heritage and wildlife sites.
He says the low number of tourist visitations that the country has continued to record must be interrogated in order to make the tourism sector more vibrant.
Mr. Banda was speaking in Johannesburg, South Africa, in transit to Nigeria where he will be leading a team of observers to monitor that country’s Presidential and Parliamentary elections due on 16th February.
This is contained in a statement issued to Money FM News by Zambia’s High Commission, South Africa First Secretary Press and Public Relations Naomi Nyawali.

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