Zambia has been richly blessed by God. Our land is endowed with vast natural resources and fertile soils, we have a young population with huge potential, and we are well positioned in the region to take advantage from the various opportunities to trade with our neighbours. We have 3,400,000 acres of arable land and 40% of water in Southern Africa. Our climate is very good and we are the most friendly and hospitable people in Southern Africa, if not the whole world. The Lake Tanganyika in Northern Province is not only the seconded deepest, but it also has the most diverse marine life of the fresh water lakes in the world. Meanwhile, the Liuwa Plains in the Western Province hosts the second largest wildebeest migration in the world, and is home to 330 bird species. If only we had a leadership with a vision, the potential this country has would be exploited for the benefit of all our people. Without a leadership that can harness these into economic activities that create jobs and opportunities for Zambia citizens, we shall but be talking about potential until the end of time. In November and December of each year, a staggering 10 million straw-coloured fruit bats congregate in Kasanka National Park located at the western edge of Lake Bangweulu in Serenje, Central Province. This is largest mammal migration on earth. The largest concentration of hippos in the world can be found in the Luangwa Valley of the Eastern Province. The Kafue National Park is the second largest national park in Africa. The largest man-made water body in the world is Lake Kariba. The Victoria Falls is one of the 7 natural wonders of the world. And this is not all, Zambia is said to be host to over 150 waterfalls dotted across the country. We never get to hear about Lumangwe, Kundabwika falls in Kawambwa, Nkundabwika in Serenje and many other beautiful falls, so what do we market to our potential tourists? The North Western and Copperbelt Provinces have some of the largest deposits of copper in the world. Zambia is the world’s second biggest producer of Emeralds, with its Kafubu River area deposits at Kagem Mines about 45 km southwest of Kitwe responsible for 20% of the world’s production of gem quality stones. Amethysts mined from Mapatizya in Southern Province are among the finest in the world. But what we lack in all this is the secondary industry mainly for value addition. Zambia imports almost all the electronics it uses, what would happen if we offered to make circuit boards? Wouldn’t this take advantage of the copper we are exporting in its raw form?

Zambia suffers mining job losses Konkola Copper Mines has suspended operations at its Nchanga underground mine in Chingola with effect from Friday, 27th November 2015. The mine will be back in operation "when market conditions improve". The decision means that all "contracting firms operating at Nchanga will be released". This will result in immediate loss of around 1,675 contracted employees. A further 825 will be laid off over the next three months. KCM has already laid off 150 employees. This brings the total job losses to around be around 2,650. It has advised that "pensionable KCM employees and permanent staff" from the Nchanga underground will be redeployed within the business. KCM's decision comes off the back of Glencore, an Anglo-Swiss commodities company, cutting 4,300 jobs at the Mopani Copper Mine. The Chinese-owned company CNMC Limited has also suspended operations at the Baluba mine in Luanshya, laying off 1,600. The jobs losses are now galloping towards 10,000. But as we indicated this week that focusing on that figure underestimates the scale of unemployment. It is not just mining workers being laid off, mining contractors have also already lost a lot of businesses which has resulted in more unemployment in other areas. We should also keep in mind that those who are being laid off will in turn lay-off others. Some workers employ house servants. Now that they no longer have a job or contract in mining companies they will in turn not be able to employ other people. Most industry forecasts suggest that copper prices will not rebound until late 2016 / early 2017. It is very sad situation Zambia finds itself in. What is even worse is that it could all have been avoided. We have been predicting this scenario for three years now. We strongly advised that there was need to slow down borrowing and ensure sufficient fiscal space to enable more expansionary policies in the highly likely event that copper prices collapsed. We were told that we were foolish!

Welcome to the Mercury Gardens Lodge an Exclusive Lodge in the area of Parklands Kitwe we are located at 28 Pamo Avenue we provide spacious apartments which range from Standard Suites to Executives Suites with DSTV and we also provide Wi Fi Broad Internet on our premises and we always provide free breakfast at Mercury Gardens you are welcome to contact us by phone on +260 212 228 141 or +260 955 258 059 you may also visit our Website at www.mercurygardens.co.zm

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