Sir. This is a Government Bill, not a Private Member’s Bill. That is the critical point.
It originated from within the Executive, most likely the Ministry of Home Affairs. It went through Cabinet for approval. The Attorney General vetted it for constitutionality. The President chairs Cabinet — he doesn’t just receive bills, he presides over the very process that produces them.
The President cannot claim ignorance of this bill. Commending him for not signing it into law is commending a man for refusing to burn down a house he himself built.
Chelsea Football Club is delighted to announce the appointment of Xabi Alonso as Manager of the Men’s Team.
The Spaniard will begin his role on July 1, 2026, having agreed a four-year contract at Stamford Bridge.
Welcome to Chelsea, Xabi!
Interesting statement from the IMF about an hour ago. Significant convergence with the note we published last evening.
Three things stand out when you read them together.
First, the primary surplus has collapsed from 3.8 per cent of GDP to a projected 1.1 per cent. The IMF attributes this to the same drivers we decomposed across ten tables: the fuel tax suspension, FRA overruns (which the IMF quantifies at 1.3 per cent of GDP), the wage adjustment, election spending, and underperforming domestic VAT. Our note showed the monthly data underneath these headlines. The IMF confirms the aggregate.
Second, and this is the one that should get attention: the Bank of Zambia cut the policy rate on 13 May on a forecast of 6.8 per cent average inflation for 2026. The IMF, whose team was in Lusaka during the MPC meeting, projects 8.5 per cent at end-2026. That is above the target band ceiling. The difference is fuel pass-through. One institution modelled the subsidy expiring. The other did not. We flagged exactly this in the note: the BoZ forecast depends on someone else continuing to write the cheque.
Third, the IMF flags the suspension of the TAZAMA open-access framework, which had cut the fuel import premium by roughly 50 per cent. This is a detail we did not cover. It means the government is absorbing the tax suspension on the revenue side while simultaneously suspending the competition mechanism that was lowering the import cost. Both sides of the fuel equation moved in the wrong direction at the same time.
The IMF also confirms that successor programme discussions have advanced, with negotiations resuming after the August elections. The ECF ended in January. The supplementary arrived in April. The successor talks are underway in May. The anchor is being rebuilt three months after it was removed.
Growth revised down to 4.3 per cent. Three of the five drivers the IMF cites are domestic: weaker mining, electricity constraints, and agricultural normalisation. The war is one factor among five.
Links to the IMF statement and the full note in the comments.
Kevin O’Leary breaks down how he handles family asking him for money
"maybe you made $5 million, maybe you made $10 million, many people in your family will approach you"
"in the beginning you will feel the guilt of success and you will give them money, and you will slowly destroy your relationship with those people, and you will have horrible Thanksgivings"
"I’m gonna give you the $200,000, it’s a gift, but I never ever want you to ask for money from me again"