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. […]
Posts published in “Day: September 21, 2022”
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 […]
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 […]
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...
By MAIMBOLWA MULIKELELA-THE Government says it is setting up a mining commission to regulate and monitor the mining industry as it gears up to focus more on economic growth, job creation and utilising business opportunities.Mines and Mineral Development Minister Paul Kabuswe said yesterday that once established, the mining commission would supervise and regulate the proper […]
By MAPULANGA LIBINGAWITH cases of unnatural offences surfacing, a 21-year-old barber of Ndola tried for sodomising a 16-year-old boy has been jailed for 25 years with hard labour.“These kinds of people are supposed to be taken away from society. I therefore sentence you to 25 years imprisonment with hard labour effective September 5, 2021. If […]
By PERPETUAL SICHIKWENKWE-MORE than K70 million was transferred from the ministry of Finance and National Planning to former Defence minister Geoffrey Mwamba’s Atlas Mara bank account, a witness has testified in court. Read more
By JOSEPH BANDA-AT the ongoing United Nations General Assembly (UNGA) in New York, President Hakainde Hichilema has continued with side meetings, engaging various potential investment partners.On Monday evening he met the United States Development Finance Corporation Chief Executive Officer, Scott Nathan and talks centred around trade investment and financing of programmes that would in turn […]
By CHUSA SICHONE-HOME Affairs and Internal Security Minister Jack Mwiimbu has warned that people engaging in homosexuality and sodomy in Zambia risk being arrested and prosecuted because such acts are criminal offences under the Penal Code.Mr Mwiimbu said in Parliament yesterday also that the country recorded 18 sodomy cases from January 1, 2022 to September […]
By JOSEPH BANDA-CHIKONDI Foundation chairperson John Mambo has accused Lusaka Archdiocese Bishop Alick Banda of issuing a veiled political statement on the issue of homosexuality.Bishop Mambo said he read the statement issued by Archbishop Banda with astonishment and was perplexed and did not know whether to term it theological, doctrinal or political. Read more
By JOSEPH BANDA and JOWIT SALUSEKI-THE ministry of Local Government and Rural Development has clarified that the purchase of 156 Toyota Landcruiser motor vehicles for constituencies was done in line with Constituency Development Fund (CDF) guidelines.Permanent Secretary Maambo Haamaundu said the purchase of the 156 motor vehicles amounting to US$ 8,313,084 was in accordance with […]
[The Exchange] President Hichilema's plan for kickstarting the economic recovery in Zambia included taming inflation, job creation for the youth, restoring the confidence of international investors and addressing external debt.