Chicago tribunal: Zambia’s president seeks divine intervention in a declining economy
LUSAKA, Zambia _ God save the kwacha.
That’s what Zambian President Edgar Lungu wants his people to pray for on a national day of devotion and fasting on Sunday to reverse a decline in the world’s worst currency and fix a litany of problems from plunging copper prices to electricity shortages.
All bars, nightclubs and entertainment venues have been instructed by the government to shut on the day, while the Football Association of Zambia has canceled domestic games. Church leaders are rallying their members to heed the president’s call in a nation where more than 80 percent of the 15 million population are Christian. http://www.chicagotribune.com/news/sns-wp-blm-zambia-6074ee4a-7414-11e5-ba14-318f8e87a2fc-20151016-story.html
CNBC: As Zambia’s currency has swooned to record lows, local reports say the country’s president has called for a national day of prayer to reverse the country’s fortunes, exacerbated by a prolonged slump in worldwide commodity prices and China’s downturn. http://www.cnbc.com/2015/10/16/zambia-issues-altar-call-for-economy-it-may-take-more.html
FORBES: Bars will shut across Zambia on Sunday as the country looks heavenward. The president, Edgar Lungu, has urged the country’s citizens to set aside October 18 to pray, fast and reflect as the copper-dependent economy slides into crisis.
The Zambian kwacha has fallen 45% against the dollar so far in 2015, making it the worst-performing currency in the world. http://www.forbes.com/sites/peteguest/2015/10/16/god-save-the-kwacha-zambia-will-pray-for-recovery-this-sunday/
NEW ZIMBABWE: ZAMBIA will hold a day of prayer and fasting on Sunday, with bars shut and football matches cancelled, to seek divine help over the country’s currency collapse and dire economic woes.
President Edgar Lungu last month ordered the national prayer session after the kwacha fell 45% against the dollar since the start of the year due to a sharp drop in the price of copper, the country’s main export.
Food prices have soared and crippling power shortages have also been triggered by low water-levels in Lake Kariba, where hydropower plants supply much of the country’s electricity. http://www.newzimbabwe.com/news-25464-Zambia+prays+to+save+collapsing+Kwacha/news.aspx
IN KENYA: Zambia will hold a day of prayer and fasting on Sunday, with bars shut and football matches cancelled, to seek divine help over the country’s currency collapse and dire economic woes.