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Posts published in September 2022

2023 Budget: Expectations high

By JUDITH NAMUTOWE, KENNEDY MUPESENI and JAMES KUNDAFINANCE and National Planning Minister Situmbeko Musokotwane is today scheduled to present the 2023 National Budget to Parliament, the second of the United Party for National Development (UPND) Administration.Dr Musokotwane last year proposed a K172.9billion as estimates of expenditure for the financial year January, 2022 to December, 2022.Read […]

‘Copper price drop ‘blow’ to ZAM’

By KENNEDY MUPESENI-THE Zambia Association of Manufacturers (ZAM) has said the drop in copper prices to below US$ 8,000 per tonne in recent times is a major ‘blow’ to the manufacturing segment servicing the mining industry.The association also says changes in fuel pump to monthly price reveals from quarterly has continued causing instability in the […]

Stanbic, CFAO Motors ink 18p.c vehicle interest rate partnership drive

By MAIMBOLWA MULIKELELA-OVER K1.2 billion worth of financing for moveable assets in various sectors of the economy has been released by Stanbic Bank Zambia this year, as it partners with Toyota distributor CFAO Motors to introduce a scheme that will provide 18 per cent interest rate on vehicles.The financing has been channelled to the manufacturing, […]

Go conquer, Alibuzwi orders Buffaloes

CHIPEPOZAMBIA Army Commander Sitali Alibuzwi has implored the Green Buffaloes women’s team to work hard ahead of the Morocco 2022 Africa Women’s Champions League Championship next month.Further, Alibuzwi wants the team to win the FAZ Women’s Super League and qualify for the Champions League next season.He said this yesterday when Xtenda donated assorted kit worth […]

Count me in – Sichone

By NDINAWE SIMPELWE-NATIONAL team assistant coach Moses Sichone has put up his hand declaring his readiness to replace Aljoša Asanović as head coach.Asanović left the Chipolopolo coaching job vacant after terminating his contract last week for what he termed ‘breach of contract’ after FAZ failed to pay his salary from May this year.Read more

Cynthia draws positives from Miss Heritage Global

By JOWIT SALUSEKI-ZAMBIA’s envoy at the just ended Miss Heritage Global in South Africa, Cynthia Chileshe, says she has taken some positives from the event won by a model from Haiti.Chileshe was however among the top 10 finalists who included models from Haiti, South Africa, Namibia, Costa Rica, Guinea, Philippines, Ivory Coast, India and […]

Kwacha Music Awards on tomorrow

By JOWIT SALUSEKJI-AFTER a partial break, Kwacha Music Awards, which are hosted by Ndola-based Sun FM among other stakeholders, is expected to be staged tomorrow in Lusaka.The Kwacha Music Awards is anticipated to return with a bang as several nominee...

‘Digital piracy can hinder investments in film, creative industry’

By DOROTHY CHISI-EMERGING Film and Content producers say that digital piracy has a potential to hinder more investment and growth in the film and creative industry if allowed to continue to go unpunished.Content producer Jackson Banda, alias Jay Rox says there has been a cry for a long time now about piracy.He says film producers, […]

ACC nabs Lusaka businessman over K12m property suspected to be proceeds of crime

By JAMES KUNDA-the Anti- Corruption Commission (ACC) has arrested Lusaka businessman Francis Muchemwa for possession of property worth more than K12 million, suspected of being proceeds of crime.ACC chief corporate affairs officer Timothy Moono said Mr Muchemwa, 38, of L/26392/M in Silverest area Chongwe, alias ‘Commander Two’, had been arrested and charged with five counts […]

RDA boss fired

By JOSEPH BANDA-ROAD Development Agency (RDA) director and chief executive officer George Manyele has been fired.According to a statement issued by RDA board chairperson Mulchand Kuntawala, at its special meeting yesterday, the board resolved to relieve Mr Manyele of his services as director and chief executive officer.Mr Kantawala as the board appointed director planning and […]

Angola and Zambia Seek Implementation of Migration Agreement

[ANGOP] Luanda -- Delegations from Angola and Zambia analyzed, in Lusaka, mechanisms for the implementation of an action plan aimed at effective materialization of the memorandum of understanding in the field of migration between the two States.

Creditors should agree on comparable terms – FNB

By MAIMBOLWA MULIKELELA-ZAMBIA’S Official Creditor Committee (OCC) is expected to agree on comparable terms that will support the country’s broader goal of fiscal sustainability.This follows the subsequent provision of financing assurances by the OCC last month and the International Monetary Fund (IMF) board approval for the three-year US$1.3 billion Extended Credit Facility (ECF) for Zambia. […]


By DOROTHY CHISI –THE National Savings and Credit Bank (NATSAVE) and the National Health Insurance Management Authority (NHIMA) have implemented the National Health Insurance Scheme (NHIS) aimed at providing health insurance cover to all citizens, and established residents.NATSAVE chief executive officer Malcom Chabala said during the signing of a Memorandum of Understanding (MoU) in Lusaka […]

Sawmillers bemoan early closure of timber selling

By CHATULA KANGALI-THE early closure of timber selling by the Zambia Forest and Forestry Industries Corporation (ZAFFICO) will worsen the challenges that the sector is already facing.Zambia Forest and Sawmillers Association indicated that the timber business in the country is already facing challenges and the early closure will negatively affect the members.Association president Davies Kabamba […]

Unified Chemicals wants to set up $5m soya processing plant in Kapiri

By CHATULA KANGALI-UNIFIED Chemicals Zambia Limited has proposed to set up a soya processing company in Kapiri Mposhi District, Central Province at the cost of US$5 million.The company states that the establishment factory will help the country meet t...