Scott blames Watchdog for lack of investors, says valueless Kwacha good for tobacco

Scott blames Watchdog for lack of investors, says valueless Kwacha good for tobacco

Ceremonial vice-president Guy Scott has now blamed the Zambian Watchdog for the lack of foreign investment in the country.

In a ZNBC ‘special’ interview on his way to the airport to board a flight and represent ailing dictator Michael Sata at the meeting of Heads of States in Bolivia, Scott claimed Sata was very healthy and fit.

“I think the issue of Mr. Sata’s health is being blown out of proportion by the Zambian Watchdog and the Daily Nation. Everyday I get calls from various investors from all over asking about the health of the president because they have read the Zambian Watchdog,” Scott said.

When asked by Kenneth Maduma is he was not worsening the speculations about Mr. Sata’s health by openly discussing it, Scott said he needed to clarify the issue.

Maduma also asked him why he was representing Mr. Sata at the summit when the president was very fit to do so, but Scott said there was nothing peculiar about the whole issue.

And Scott said the continued depreciation of the Kwacha was very good for tobacco farmers.

“There is nothing wrong with the depreciation of the Kwacha because tobacco farmers were now making more money from exports,” he said.

He said it was after all not only the Kwacha that was depreciating as other currencies such as the South African Rand were also depreciating.

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