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Genius E Chabinga
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Genius E Chabinga
@GeniusChabinga
Dip. Agricultural Engineer, BSc. Agricultural economics. Expert in Irrigation,Climate Smart Agriculture, Machinery maintenance & operation and a Trainer.
Lusaka/zambia 参加日 Aralık 2012
1.3K フォロー中812 フォロワー
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@AmberRayz Landed myself a fast tract court order 😩😩 that required me to show up at 10pm while the text came at 9pm and i was 400km away.
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Our business has made some small yet significant strides. We are a distributor of @OmniaFertilizer Zambia, #YaraFertilizerZambia and @DripkingZambia 🙏🏿🙏🏿🙏🏿 thank for your retweets it has given us huge customers.

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@lilyli178175 No, i would appreciate a connection if you have one🙏🏿
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Zambia's April bond auction subscribed at 43 per cent.
GRZ offered ZMW6.3bn. The market bid ZMW2.7bn. Allocated: ZMW1.3bn. The 7-year drew ZMW281m against ZMW1.6bn offered. The long end did not show up.
In January, bids reached ZMW10.1bn. In February, ZMW21.3bn. Bond demand has fallen 87 per cent from the February peak.
The domestic borrowing programme targets ZMW106bn from securities this year. At end-Q1, ZMW75.8bn remained across nine months. April net financing so far, across two T-bill auctions and one bond auction, stands at approximately ZMW4.1bn against a required monthly run-rate of ZMW8.8bn. The shortfall is approximately ZMW4.8bn with one T-bill auction remaining, but T-bills offer just ZMW2.2bn per auction and are operating inside a corridor trap where three of four tenors offer insufficient compensation relative to the overnight interbank deposit floor.
The fiscal balance is already under pressure. Through February, the deficit reached K7.8bn against a full-year budget of K19.4bn. That is 40 per cent of the annual target consumed in two months. January alone ran K8.5bn, more than a quarter of the full-year allowance. February clawed back a small surplus of K674m, but only because expenditure pulled back sharply. Revenue underperformed in both months, with VAT 35 per cent below target through February, domestic VAT 78 per cent below in February alone, and grants effectively zero against a full-year budget of K12.1bn.
The fuel tax suspension costs ZMW3.3bn to ZMW4.6bn over its official three-month window. Pump prices are unlikely to rise ahead of the August election, extending the realistic window to six months and the fiscal cost to ZMW6.3bn to ZMW9.2bn. The 70 newly created constituencies, announced on 16 April and effective 15 May, will add to expenditure pressure. The fiscal cost of additional CDF allocations, staffing, and infrastructure has not yet been publicly quantified. Election-related spending more broadly is likely to intensify in the run-up to August.
Both April and May are light on bond maturities. Per Reuters, June carries ZMW14.6bn in total maturities, of which ZMW8.3bn in bonds. June's recycled cash should help, but the June auction now carries the weight of whatever April could not deliver, particularly because there is no bond auction in May.
We advised after the strong January and February auctions that it was early innings and that the half-year to June was the real test. Scaling the refinancing wall while securing strong fiscal performance required several things to align, with limited buffers for shocks. The shocks arrived. Yesterday's result confirmed the concern.
For the full analytical framework, see The 2026 Refinancing Wall, Domestic Market Absorption, Copper Output and the 2026 Royalty Arithmetic, Growth Without Diffusion, A Little Here a Little There, The Acid Test, and The Forecast Is Not the Evidence at Canary Compass.

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@Bright_200314 Protecting small business at the expense for their health risk that costs more than they make to treat? Cmon guys lets stop siding with wrongs in the name of business! If they care about their businesses let them demonstrate operating in an habitable environment!
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@kaonde_king Definitely no one Fam!!! At least not in the current crop of politicians.
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