Eddie Mwiinga

@FMwenge I wrote a short piece about this on Linkdin. The connection between collective consciousness and governance-it’s an inescapable link

It’s not about green or red. It’s about who we are as a people. Our values. What we believe. 🤷🏾

@FMwenge Very true shi mwana

@FMwenge @BLibati And therein lies my argument-a significant majority of an average African is poverty of the mind which results in failure to produce despite availability of abundant resources. The average Zambian villager prefers selling their land instead of making productive use of it

@DaMwiinger @BLibati Good question. Land is only valuable if it produces and it’s produce is converted into means to access health care, education and other capabilities.

More than 460 million Africans live in extreme poverty, accounting for 55% of global poverty. Here, government policies MUST be pro poor. Every government must work to lift these millions out of poverty. Anything else would be considered too fancy #nodignityinpoverty

@FMwenge @BLibati How do you call someone who has unfettered access to 100s of acres of arable land poor?

@FMwenge @BLibati I question poverty is measured by these institutions in air-conditioned offices. In my farming ventures, I interact with these people who would be considered to be extremely poor and the only poverty I see is that of the mind-resources are abound

@InfinitelyDean @FMwenge Thanks. This is very useful context.

Some regional data suggests the larger probability is systemic as a function of the US-Iran war. South Africa saw record bond outflows in March. Kenya's switch auction collapsed at 87 per cent in April, with the CBK Governor attributing it directly to geopolitical uncertainty. But the war amplified what the structure was already going to produce. A significant share of offshore demand may have been front-loaded into January and February, and the maturity calendar between March and April offered limited recycled cash to sustain bidding (no bond auction is scheduled for May, which also carries limited maturities). Those two factors would have thinned demand regardless. The distance between systemic and country-specific is narrowing. Zambia's fiscal performance before the war was already under pressure. If the global environment stabilises and offshore still does not return at scale, the fiscal trajectory becomes the larger explanation. BoZ committed to introducing Liability Management Operations in Q2. No modalities have been published as of late April. May, which carries no bond auction, could be the window. Kenya's experience with switch auctions in the current environment is worth noting. The CBK ran three in 2026. The January and March switches oversubscribed. By the third, on 13 April, six weeks into the war, demand had collapsed to KSh2.56bn against a KSh20bn target.

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.

@InfinitelyDean @FMwenge How does this compare to the wider/global sovereign bond market?

Could be a combination of one to four things. 1. A significant share of new and returning offshore interest was front-loaded into January and February. That demand was pulled forward. 2. The current global environment around the US-Iran conflict is not conducive to frontier market risk. 3. Fiscal performance has deteriorated. The January and February data shows a deficit running at 40 per cent of the full-year target in two months. 4. There are limited bond maturities between March and May. The largest maturity concentrations in 2026 fall in January, June, and December. Without maturing cash to recycle, the April auction landed without a liquidity tailwind.

@mwansapazed @FMwenge @Chaingaz Same question you can ask the average Zambian who complains about non-Zambians thriving

@DaMwiinger @FMwenge @Chaingaz But what's stopping him from doing the same?

When you say that 'the entire township economy is run and controlled by Rwandese and Burundians,' who is stopping Zambians from running those economies? Why do most Zambians opt to run car washes and bars instead? Careful bro, such rhetoric has the potential to cause xenophobia.

@FMwenge @Chaingaz Last Dec, in a chit-chat with a shopowner we use for drop-off/pickup for farm supplies, he complained about a new Rwandese competitor. I kid you not but his complaint was that the guy opens his shop too early and knocks off too late. I was embarrassed and chose to keep quiet

@Chaingaz There's need to put this conversation in it's proper context before it is misunderstood by many people.

@znbctoday What a load of nonsense this is!!! This is what happens when the nation stops thinking and starts coming up with rubbish like “a Christian nation”.

Pupils Miss Tests After Prayer Absence More than 200 pupils at Lusaka’s Matero Boys Secondary School have been suspended and barred from writing their end-of-term tests. This follows the pupils’ absence from the school’s day of prayer held on Thursday, April 2, 2026. #school

Another week of me not understanding the online fights between Zambians & Zimbabweans. Daily shaming each other — negatively marketing your poor countries. This isn’t what Kenneth Kaunda & Robert Mugabe intended when they fought for independence and resisted the Federation.

@BuyoyaJonah I hear you; funny thing is after they put you through that stress they tell all is well

The letters you're asked to read out at an eye test are honestly too small. No one can read those tiny words that are so far away. Let's be fair in our diagnosis bane. Even if they were clear, what's the reason for which I'd need to read such tiny letters from so far away?

@LauraMiti Well done mate. Looking for ward to your next phase of your journey

Announcing my transition from what has been one of the most fulfilling roles in my life..... Executive Director of the Alliance for Community Action.

@MK_Jaso Who appointed or elected these people so that they can make such bold “expectations”? Whose expectations are they representing? As for the Churches’ input, we need to move away from giving these thuggish & hypocritical institutions so much authority on national issues

Oasis Forum telling the President their thoughts on Bill 7 & the Konsitushoni amendment ! Straight to the point 👉 Landeni Mayo, ichalo chilemiumfwa 📌🇿🇲

@BuyoyaJonah 😂😂😂

I hope Ronnie Mweemba and his fellow Kefho speakers know that there’s a guest with a big jet from Israel in the country. This could be it for them.

Make your position known by making your submission on the proposed constitution amendments to the Technical Committee. You can make your submission to the committee online by following these steps 👇 Click constitution.gov.zm to submit online.

YOUR VOICE MATTERS BECAUSE THE CONSTITUTION BELONGS TO YOU! Click the link below to make your submission online. 📷 constitution.gov.zm

@Dora_Siliya In journalism yes. The profession needs to set standards on who qualifies as a journalist like other professions do. For politicians, that is not as important depending on what one aspires for. What we need is to have professionals as Ministers and not politicians

Zambia, a paradox. Why is it that only journalists & and politicians resist higher education standards? Press freedom is not synonymous with low education, and neither must democracy and participation be equated to lower education. My view!

@BuyoyaJonah Your last sentence explains what appears not to make sense. Manual processes are ineffective = conducive environment for continued corruption and pilferage

You know, I’ve been thinking about this Auditor General’s report. A lot just doesn’t make sense. How are we not having trails on digital systems? Just how? People seem to do everything possible to frustrate digital systems so as to maintain manual monitoring.

@FMwenge For those who think that this is a joke, I can guarantee you it’s not. Farming business is not for the faint of heart.

In local news today, a farm worker has reported that rats have eaten 48 bags of 50kg maize at a farm near Lusaka belonging to a Mr Lameck Chibwana. No arrests have been made yet.