The Kwacha Dives!!!

This has been a sad week for this blog. The Kwacha has been given a serious beating. I have been running some analysis on how bad this has been. As usual, my analysis includes looking at data that has been provided around the environment of the Kwacha. To ensure I present only facts, I have to take my time and look at the details surrounding the issue. As usual it is not a good thing to be doing when you want quick answers. It still needs to be done properly.

All economic talk in Zambia has been on the exchange rate (Just to be on the same page - An exchange rate is the current market price for which one currency can be exchanged for another). The Kwacha has depreciated beyond all manner of psychological barriers. Currently selling at K6.0443 to a US Dollar and K10.1214 to a GB Pound (zanaco.co.zm - 7th March, 2014. Checked: 10.00hrs CAT). 

What are the causes is the biggest topic in this dive. The answers are still being looked at, but the politics associated with that "answer" are disturbing to say the least. Online media has done their "online analysis" and it has gone as far as looking at the appointments at the Central Bank. I like many friends of mine are hoping that Monday proves the online media houses wrong  and the appointed Deputy Governor is no way close to what they have been publishing. I don't think there will be anything to talk about if the seriousness that is required in the appointing of people charged with looking after the Kwacha and related to that, goes to levels of mere patronage. You can read some articles here and here. Many other online media houses have touched on this subject, but I have not linked some articles which I feel are not respecting the profession of giving information as it is and choose to take the political stand instead. Feel free look them up on google.

What really causes our currency to dive like this I still ask. I have written on this issue (in serious foras which I cannot quote), and I still believe the argument I have had still stands - we don't produce demand for our Kwacha. With a few in the lines of Maheu and Sweets exports, little value is sent to the world for them to demand our Kwacha. The mines would have been the best option, but the Swiss connection seems to take us out of the equation.

Over the past years, according to Trading Economics, the Kwacha against the dollar has been on a rather bad trend. One which should make us re-think our development agenda and encourage us to build what will make our Kwacha stable.

The trend has not been good against the dollar over the years. On average, the Kwacha is depreciating at an alarming rate.

Source: Trading Economics

That's a jump from around K4.7 to K6 in a period of less than four (4) years. The depreciation has been worse since 2012 on average.

I am alarmed to see that the dive in the past week is shockingly higher than any other time in the past three (3) years. I will monitor this and get information on the possible causes in the next few days for an update.

Mining and Employment

I love the debates that comes out of mining sector. But most of it is actually lack of understanding of several issues. That is where the problem is.

Mining essentially involves depleting of natural resources and degradation of the environment when extracting the needed resource from the ground. The official definition will go as: mining means extracting minerals from the earth. So whatever decision one has to make about mining, it should address the depleted resources, the negative externalities of that depletion, the cost on environment (wont include this in externality), the positive externalities (such as job creation, revenue for tax collectors, etc), etc

Now a rational decision on this issue will have to weigh the costs and benefits before any decision to allow mining to take place anywhere. For Zambia and other developing countries, I think the costs and benefits should also take into account the costs of collecting that revenue in the wake of tax avoidance and tax evasion. It certainly wont pay, to include revenue which no one will ever collect!

So can we sum all the costs and then the benefits? Will any mining project pass that test? Frankly, I think mining in this country has more costs than benefits since the privatization jump on our roofs. We have seen more depletion and rarely few positive outcomes! Even Switzerland makes more tax revenue from our mines that we do. I think we are lost in the "employment" fight we don't see the real costs to this nation. If our aim was to really get the maximum benefit from mining, a lot of things would be done differently. Since that is not the aim, but employment, our aims fall short of any benefits. Let me explain.

Mining Efficiency

For this country and indeed any country to achieve mining efficiency, that is, extract the minerals at least cost and sell them at high price, we need to look at the costs of that extraction. Costs are many and include, royalties, labour, fuel, rentals, licenses, etc. A reduction in one of those elements will reduce the cost of extraction and surely makes for a good bargain.

However, the country imposes a cost on the mines through demand not to lay off workers. Hallo! We want efficiency, so the mining company would really do good in that area if they reduced the work force and instead invest in capital equipment that would extract the minerals cheaply compared with a man with a pick! Are we then saying we can do with the inefficiency in the mining sector as long as the people are employed? I have heard people say, they would rather have that since mines "cheat" in taxes. My view is different, if we need to do something, we must do it the best way we can. If we can't do that, we should as well close the mines and find something else to do. Mining companies may actually be motivated to "cheat" on the basis of balancing their books since we have bloated there work force. Now if we offer no conditions to them, we will have a better bargaining stand since all mining companies need to do is carry out an efficient operation.

My take on the mining would actually be to run them on a whole new platform that will force efficiency and productivity in the country. Many compare with Chile. This is a wrong comparison. They don't even need value addition as it is useless for them. Our case if different. We own less in the mines compared to 50% of which they own. Therefore, our aim should be to get more from these mines in form of value addition. The country will get more from the value added compared to exporting of raw minerals. If the companies want to export the raw minerals, we control it through taxes. Anyone exporting should pay export tax! Right now, there is no motivation to add value to the copper that we export. Tax revenue has also eluded the country. Meaning we are losing out on both fronts!

What Value Addition?

The value addition I talked about, still remains. It is here.

The setting up of "support industries" around the mining sector will bring in better rewards, especially if we stop the export and tax leakage in the current exports of the mining sector.

Environment Stance

There exist a principle in environment which states that: Polluter pays principle. This simply means whoever will bring about harm to the environment will have to clean it up and pay for all the costs related to that pollution.

So our position for someone to setup a mine in a lake is simple, how then will that person clean up the environment. When that issue has been clearly sorted out, we move now to the other costs, then look at the revenue one will make and address the positive externalities on that end. 

But what shocks me, is people talking about the employment that will be created by the mine and ignoring the cost of that environment! We are doing it wrong, lets start from the cost aspects and only move to looking at the employment when the cleaning up of the environment has been addressed. What value is a mine employing 2000 workers and then a million die from environmental degradation? Are we really so into making jobs available that we will even jeopardize our environment to get people employed?

What are our cost - benefit analysis on this issue? Environmental issues are one thing that should come first, everything else second. What villagers are there who would cost the country's environment to be employed. What genuine revenue will come out of this.

Mining Should Not Be For Employment

Mining sector should therefore not be looked at as an employment engine. It is a resource sector whose returns should be pumped into the economy, clean up the mess it generates and ensure these returns are pumped back into high growth sectors of the economy.

The "support industries" should then be the area of focus for employment. These will employ more and will have great efficiency in the mining sector. The people will benefit more from this than imposition of employees on the mines. It is a modern world which uses modern technology, the mines are not any different. If they can't contribute to tax revenues, do we really need them to operate in this country?

2014 Budget and Tax Measures

2014 starts on an interesting footing. So I thought I remind you of the tax measures expected to start today. Most of these where in the 2014 Budget speech. 

Airtime

Excise duty on airtime has been increased by 5%. So it is now 15%. Expected result is the reduction of the minutes you spent per Kwacha! Assuming you took note of the minutes you used to spend, it will surely drop in the new year. Moreover, you bundles are also expected to be hit by that change! Less MBs per Kwacha.

The increase was justified as raising money for variious developmental programs that the government will be implementing. If it has anything to do with projects like roads and any other infrastructure development, I have no problem with my drop in "units"!

Clear Beer

Beer has had an excise duty of 60% for a long time. However, this was suspended by a statutory instrument to 40%. So beer has been working with 40% excise duty. As of 1st January, 2014, the effective duty of 60% will kick in and everyone will have to pay that 20% they have not been paying.

Clearly, beer has long been known not to be affected by changes in prices - not that much anyway. So we should expect the same quantity of consumption and drunken behavior but now at a higher price. The money is also intended to be pumped into developmental projects.

Tourism Packages Standard for VAT

Tourism packages that are sold from 1st January, 2014 will now be standard rated. The 16% VAT will apply and tourists will pay when they procure a package. I am a firm believer in standard rating of all goods and reduction to the barest minimal of the exemptions and zero-rating of goods and services for VAT purposes. I think this is a good measure and one which should be used to improve our VAT performance. 

I wish many more goods and services would be moved to standard rate. Eliminate the zero-rating and exemptions to the barest minimal. VAT would be boosted. 

However, I believe we need to also look at the VAT chain and see where the tax leakage is. This will ensure all VAT paid or should be paid, is paid and to the right institution for it to be used in the right way. This is important and critical for Zambia.

Property Transfer

Property transfer rate has moved from 5% to 10%. This means all those selling property like houses or mining right, will pay an extra 5%. So those who plan to sell property in 2014 have to take into account this change as you may find yourself paying a little extra for property transfer tax.

Withholding Tax on Rentals

Withholding tax on rentals has dropped from 15% to 10% and has been made a final tax. Because it is now a final tax, it would not be used for deductions in one's final tax liability.

It is expected that this would bring in a "net increase" in collections under this tax even though it has been reduced. This is because there will be no more deductions claimed against it. So those in lose making positions will have to deal with this tax separately as it is a "stand alone tax". (I hope my attempt at simplification has not introduced a different meaning :) )

Public Benefit Organisations (PBOs)

These are charitable organisations approved by the Minister of Finance for various rebates, refunds or remissions when they import or buy goods for charitable works.

As a result of general rationalizing of tax incentives, various items which were previously available for refunds or remissions, will no longer receive such treatment. In particular, no motor vehicles will be "exempt" from paying taxes when imported by the PBO. All motor vehicles imported by these organisations will need to be paid for in full.

It seems like a harse decision to take, but when you hear stories of some churches which imported Hummers, X5, etc for their "pastor" in "helping" the need in society, who would look at this measure as "harsh" seriously, there is need to make people pay the due taxes in full and the right amount.

Though this measure was legislated in November, most PBOs will feel the effect in 2014. Being a 2014 budget measure, it suits to be discussed here.

Access to Banking Information

Zambia Revenue Authority (ZRA) will have access to information, notwithstanding obligations and secrecy imposed under the Banking and Financial Services Act, the Evidence Bankers Book Act, Legal Practitioners Act and the Accountants Act, required for tax purposes. 

Any person or organisation that had preveneted the ZRA from accessing information on "secrecy" or any such reason, will have an interesting find in 2014.

Grant Aided Institutions

Grant aided institutions that will now be required to deposit their revenues in the general revenues has been increased with the addition of Zambia Environmental Management Agency (ZEMA), Patents and Company Registration Agency (PACRA), Competition and Consumer Protection Commission (CCPC) and Weights and Measures Agency. This is in line with annoucements in 2013 Budget which say the first statutory bodies' (ERB and ZICTA) revenues being brought into the general pool. 

I hope this will truly bring about prudent management of revenues by the institutions in questions and ensure that government will have enough resources to provide for public services efficiently.

These are a few issues that will be brought on board by the year 2014 on the tax and budget front. We hope to see positive outcomes at the end of the year that we can talk about.

Happy 2014

Happy New Year - 2014

Happy New Year to Kwacha Economics readers and followers. May you find this year as you hope and may the blessings shower on you and enable you to achieve all your dreams.

Kwacha Economics has only one resolution for 2014 - move to a Zambian domain and have frequent posts.

Good bless and we hope to be together and closer in 2014.

What Is Value Addition in Our Mining Sector

I love to hear people talk about value addition in the mining sector. There is a smooth flow of joy with that topic. Why?

Value addition will entail we export the products of the mines at high value. We then get good returns on the produce. This is compared to the current situation where we export "soil" or concentrates at very low value and get little to no return at all. So value addition is the way to go.

But what shocks me is the famous "value addition" direction we have. Seriously, smelting and refining to me is not value addition to sing songs about. There is a value that has been added in the process, but for that to lead to no export duty is a miss-placed thought. If our export duty is to gain returns on the items being export, we should maintain an amount of export duty on these items since they are products of the mining sector which in all fairness, is a wasting asset. In addition, we should now look at the idea of encouraging and developing manufacturing or fabricating industries/ infrastructure that will move that cathode, copper blister or anode to a wire, a circuit, a electronic component, etc. These are the items that we can produce and gain meaningful returns on.

What good will the export of anodes and cathodes bring to us when we can do so much better?

Infrastructure Development

Few years ago it seemed impossible to embark on serious infrastructure development that was worth talking about. The few years that I have looked at the plans and money involved in road development through Link Zambia 8000 and Lusaka L400 projects has just brought one idea that every Zambian should now embrace, we can develop any infrastructure if we have the desire to do it. So the fabrication and mining related industries can be done. We need the money of course, but ultimately, we need the desire to do it.

We have to be frank in our thinking, mines don't employ people any more. The whole process is constantly becoming mechanized. But on the other hand, forward linked industries will employ more people as the products from those industries have higher value. This is a sustainable way of using our natural resources and get the benefits from such.

A deliberate policy to develop value addition sectors (not merely smelting), will see this country increase its take from the mining sector. Such sectors have also high growth potential compared to many other sectors. Moreover, the fact that our products will eliminate the cost of transportation of the copper, they will be produced cheaply compared to any other country that will get the copper from Zambia and put it on a truck/train or ship. That mere transport cost will be an advantage to Zambia.

A full scale infrastructure development of mining sector "support" industries in the forward linkage should be Zambia's priority after the roads development have been completed. We need to setup a full scale mining infrastructure support project.

Loss Making Position
I have always had problems with companies which are in loss making positions for years and years, yet taxes are paid elsewhere (ok maybe I watched too much stealing Africa but that does not change the facts). If people can own a company and not get any profits from it for years, whats wrong with us doing the same? Its such a perspective which makes me want to have my hands on the mines and run it myself and see for sure if I will enjoy the "loss making position" seriously.

We need to work on our own issues and find a way to deal with this particular element of loss making. We made a lot of mistakes in selling the mines that we will continuously suffer the problems associated with the sell.

Real Value Addition
The only possible real value addition is reach a level of fabrication and manufacturing products with high returns that the mining products we export. I believe all mining products should be taxed and taxed it should be in a way to encourage value addition. The value addition being referred to here is 'real' value addition. I don't think producing copper anodes/ cathodes/ blisters is real value addition as it will be exported to be processed further. So why don't we work on that element of ensuring we also process "further". That is the real value addition and its returns to the country will be more than what we currently.

We should look at mines as a source of an opportunity to reach that "further" processing cheaper than anywhere in the world as transportation costs will be lower than any one - with the exception of other mineral producers. That is the direction we need to be looking at.

This value addition will bring in employment and profits. We should face the fact that mines will never bring in employment as the whole sector will have to be more and more mechanized. But support sectors will need skilled labour to be able to handle and produce a variety of goods on the market. We should aim at moving from cable production to circuit boards or computer mother boards which may only need addition of other elements to be complete. The copper we have will do much of the work.

We need to identify products that can easily be produced here and find a way to encourage that production. Who ever thought China would be the Hi-tech hub of the world? All hi-tech items where produced in the west. Now we look to the east. So lets aim at making it come from the South, after all, we own the ingredients!

True value addition! Lets forget about the anodes, cathodes and copper blisters. Lets move and progress!

So What Is Wrong With SI 89 of 2013???

There has been a lot of debate over this piece of legislation leading to its death. Few actually know what it entails. I thought I should touch on this matter as a way to get back online after weeks of absence!

So what is it? Statutory Instrument 89 of 2013 had one action and it can simply be explained as: it allowed mining companies to export mineral ores and concentrates without paying export duty. So they only paid mineral royalty and then got free "exporting rights". Mineral ores and concentrates? - That is rightly described by our president as soil! I agree with him in full. 

Some say, but mineral royalty was paid! Yes it was! But like all costs of production, mineral royalty is deductible! So its taken as a cost and will affect their overall "profitability" for tax purposes. But on the other hand, export duty sticks and will be "revenue" to government and the people of Zambia. Especially that the item being exported is in raw or intermediate state. on the other hand, if value addition has been done to this, from concentrates or ores to finished or semi-finished products, you can export without duty since you have added value. I actually believe our mineral royalty is useless on the basis of being deductible if we want to get something out. But sticking with best practices, we have it!

From the above therefore, one would expect mining companies to be interested in adding value and then export without duty. But we have a strange bunch of investors that would otherwise find any loop-hole to export without paying taxes. So they stockpile and make it impossible for the people of Zambia to collect the mineral royalty. In my own belief, this is the worst kind of blackmail that we have since in the mining sector and it should be fought with strategy.

Export duty would be the only sure way of getting something out of this. But it was almost tactically dodged! I wont go into who did this and why. That to me is a political and assumption laden topic which would not do justice on this blog.

Mining Tax Regime

I think our mining tax regime needs not only a face-lift, but an entire body work. There has to be a way that we make sure the mines do the best in there work and contribute to this country. 

Our selling of the mines is the greatest mistake that Zambia made. We may have had to sell, but we should have done it with out heads, not cheques! Any sell is welcome, but it must be done in a way that will benefit this country and the future generations especially that it involves non-renewable resources. It is for this reason that I always regard Chiluba's government as selling the biggest part of Zambia. I stand by my words.

Let us be frank, if the mines wont pay taxes and are not owned by us, then why do we have them? If we own them and don't pay taxes, its our mines, our exports and our returns. If we make no profits, we have at least got the benefits that the mines currently get. Why would they own mines which will never make any profits? But there are towns in europe that benefit from the returns on the mines when the same mines fail to pay export duty is it really rational for us to let the mines be in the same private hands they have been?

Option one as far as I am concerned is get the mines back and pay them for the wasted time. We then find a way to run the mines. 

Inefficiency? Well, every parastatal is expected to be inefficient. But serious, ZTE, Philips and BBC are parastatals, would we say they are inefficient? I should add that Zamtel is a parastatal and there must be something that was done when it was sold that has improved its efficiency. That is what is needed to be done also in the mining sector. If the current owners have made it efficient, we too can make it efficient. After all, they have made foreign owners happy!

Option two is to make sure we change the mining tax regime and ensure that the mines pay their fair share of taxes. Why is it that there is always a blackmail when government changes or tries to tax the mines? Employment is the only contribution these mines add to Zambia. They also use it as a tool to blackmail us to have their way. So if we run the mines, we control the employment, get the financial benefits and don't have to worry about tax avoidance which to me has been a bigger problem. If we can't tax them properly, we will never get anything out of this, and we will continuously complain about it.

We need to resolve this issue in full and in our favour. I hate thinking about the silly court cases that they always want to threaten the people with. But seriously, I think we need to up our game and prepare adequately in getting back the mines. This is a failed attempt at privatization. 

Back to S.I. 89 of 2013, it allowed mining companies to export mineral ores and concentrates without paying export duties. Clearly this meant, they mine and get everything without a single ngwee left in the country except the employment they created. No one should support this, and we should make sure we do everything possible to stop it.

Marketing Failure

I have spent hours looking at the resulting effect of a naming crisis and the best I can come up with is - Disaster.

Any chance you get as a country to shine - you should seize it. It counts. The good stuff bring a lot of interest to the country and maybe even more tourists. The ugly stuff - pushes everyone away. So for a country like Zambia aiming high at attracting investors, tourists, capital inflows, etc would benefit from a good marketing plan. We should look at all the nice things that we can let the people know about us. If not, we lose out! Simple marketing philosophy.

I believe we have missed that chance with such a distance off, its disastrous. Who would think of all the creativity that this country has - look at the flag! None matches! The name - worthwhile! The currency names, seriously Kwahca - Ngwee who has such!!! That's the Zambian spirit! Impress through out. Well, so we thought, not knowing our marketing took another turn.

A stadium is being built in Lusaka with a 50,000 capacity. Ordinarily you expect people to be excited that it is almost complete now. So the naming session started. An opportunity to come up with a sell-able, breath taking name, marvelous name, You know - the Zambian way! After all, the football heroes are buried near the stadium. Heroes who died in the plane crash off the Coast of Gabon in 1993. (Did I give too much away in the name for the stadium ... wait for it)

After the naming session, the country went crazy with social media! Facebook, Twitter had all the crazie stuff. Why? The name was/is:

"Gabon Disaster Heroes National Stadium"

So maybe we marketed the country on a wrong platform - disaster name and not a marvel of a name!

Here is the reaction:

And the social media responses:

MM:

    Good news fellow Zambians on behalf of Hon. Kambwili i would like to apologise for the small glitch in the stadia naming. It was supposed to be " Off the Coast of Gabon Disaster National Heroes Stadium" thank you

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NC

Naming of the Lusaka stadium as "Gabon Disaster Heroes National Stadium" continues to attract attention from Zambians today.

But Potphar Mbulo's comments attracted my attention:

"No I object. we are Africans and we are precise in naming. On the contrary, GRZ should name the new stadium as "Gabon Disaster Heroes plunged Into the Indian ocean on their way to Senegal For a World cup qualifier Match National STADIUM'

LOL"

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P B B K posted to The Zambian Peoples PACT.

This is what happens when u smoke fwaka yaku ‪#‎Mpatamato‬

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MCC

Retweeted ZESCO EXPLAINS IT (@_ZESCO):

We've been reliably informed that Govt plans to Rename us "The Zambia's Disastrous Electricity Supply Coorporation." ZDESCO

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CZ

we seem to have a challenge in western province either its Equitorail Guinea Gabon 2013 (EQG 2013) or Barotse Killings Stadium however in Livingstone there is no problem i.e Mukuni's disaster at bunji jumping stadium lol- Jack Munsaka

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CNM

Kanshi since government likes the name, they shud just finnish it off and call it,' Gabon Disaster Heroes plunged Into the Indian ocean on their way to Senegal For a World cup qualifier Match National STADIUM

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ES

Mailoni brother's stadium even sounds better....

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CN

ba conducter, nipempako ninga sale pa gabon disaster?

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E N R N

"@CenturionLincon: @FreshENJ Its Carbon Air disaster at Heroes Stadium!!" eish, it's wild I tell ya

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Gabon Disaster Heroes Buffalo Plane Investigation Manufacturing Error seating Capacity 50 thousand National Stadium.

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E N R N

"@philmwenya: @freshenj the footballers should be first to boycot games..."yes, let 'them' and their tuma suits go to the stadium alone.

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E N R N

Here's an idea, if 'they' stick to that silly suggested name, let's all not attend a single game to make every match a real DISASTER!

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CIC

Seriously..."gabon disaster national stadium"....really😧´.... Y not jst heroes national stadium or april 28 national stadium...

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S A G G

Gabon disaster heroes national stadium...???? Are you kidding me?? Who thought of that MORONIC name?? Is that in memory of Gabon as a country? its like calling the reconstructed post 9/11 buildings in new york "victims of terrorism heroes twin towers"..we are DISRESPECTING the dead.CHANGE IT.....

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CL

Weird quote attributed to Zambia's Minister of Sport via The Post: "Let me confirm that the Lusaka stadium has been named and it is called the Gabon Disaster Heroes National Stadium," Kambwili said in an interview. "Now this shows that President Sata is not self-centred because if he was, he could have said it will be called Michael Sata Stadium. But he appreciates the role different citizens have played in the development of the nation."

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CMB

1993 Gabon Disaster Heroes National Stadium

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MBM

Just catching up with the whole stadium naming debate....awe shuwa that's why BZ proposes that we throw away all manners of identification ama reg,license,under-5 cards etc we shall be the laughing stock of the region,pela if you can't come up with a name asking never hurt nobody,they could have even run a competition in the paper like they do with kids for essays nefyashala....I'm sooo moving to malawi...fyachila..

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MS

Chuck Norris: What's the name of this beautiful new stadium?

Me (very excited): Gabon Disaster Heroes... ***KICK!***

Chuck Norris (in Spartan like tone): This Is Zambia!!!

Me (thinking to myself, half conscious): Might as well have said "Chuck Norris Stadium", I would still be standing

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MS

Ti pempa boma iti yanganepo pa nkani ya zina ya stadium, ndaba ma ticket yaza nkala ma size A3.

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YG

@ZedDictionary: THE GABON DISASTER HEROES STADIUM: A large stadium in Matero with a disastrous name.

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AM

Gabon Disaster Heroes Stadium lol....I wonder is because wi ........? First of all this is Zambia in case someone missed the memo. secondly, Disaster should be removed from the name all together. Even under the influence of Ganja smoke there is no way a name like that would find the pride of place in my mind. So it leaves Heroes Stadium, good place to start but not the best either. Ok am nauseated.

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SM

Doesn't this government have a spin master(s)? Now is the time to swing into action. ‪#‎Gabondisaster‬ stadium naming crisis!

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TM

@AJStream: The Zambian govt named a new football venue "‪#‎Gabon‬ Disaster Heroes Natl Stadium" http://t.co/pEyUAckOHi

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MK

I told u that the excited Zambians will show case their ignorance now look at this

1. Piki Piki Na Piki Do Li National Stadium.

2. Sembe Nina Mvelela National Stadium

3. We had no idea what name to give National Stadium

4. Isambo Lyamfwa Memorial Stadium

5. Father Frank Bwalya Memorial Stadium

6. Fikaisolva kuntashi

7. We meant More Money In our Pockets National Stadium

8. Or Leave Zambeef Alone National Stadium

9. Juju yenu taya bombe lelo National Stadium

10. Nga Twa Monekela Kuichaila Stadium

11. With Immediate Effect National Stadium

12. George Bush Has Been Here Several Times National Stadium

13. Retirement Is 65years National Stadium

14. My Vice President Is White National Stadium

15. Fi Zambia Watch Dog Tukafikata National Stadium

16. My Wife Is A Doctor National Stadium

17. UNWTO 2013 Was Held Here National Stadium

18. We meant 90 years National Stadium

19. Zambeef Will Embalm You National Stadium

20. I Don't Like South Africans National Stadiums

21. GBM All For Gender Based Violence Stadium.

22. BUFI National Stadium

23. Them If I've Lost National Stadium

24. Christopher No Juju Katongo National Stadium

25. On Your Way To Broken Hill National Stadium

26. My Wife Is A Doctor National Stadium

27. I Hate People With Bold Heads National Stadium

28. Dora Siliya Is MMD Stadium

29. Tauli Munandi National Stadium

30. Semeke National Stadium

Courtesy of @___

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SOS

Th name is too long. The stadium should be called "30 Heroes Stadium" or 28th April Stadium".

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KB

Kindly subsidies the independence stadium name from gabon heroes to simply Heroes stadium, ba Hon. Kambwili please.

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Did I miss any juicy pic or comment? Let me know.