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Posts published in September 2022

Climate change threat to women’s sexual reproductive health rights

By MUSONDA MANGILASHI-Climate change and gender equality are inextricably linked, and Sexual and Reproductive Health and Rights (SRHR) is an essential element of gender equality.Despite increasing recognition that climate action must be gender responsive, to date, only limited attention has been paid to the linkages between climate change and SRHR, which comprises issues such as […]

Obstacles limiting girls’ access to free education

By Jesse Ngoma-Simengwa- Although most governments in Africa have tried to provide equal opportunities in education, chances of girls having access to education are still threatened by many factors.This year, primary and secondary education is free in Zambia after President Hakainde Hichilema honoured his election campaign promise to make education accessible to all.Despite the monetary […]

Kanyama allays IMF conditionality fears

By MAIMBOLWA MULIKELELA-BRIDGES Limited managing consultant Chibamba Kanyama says there is nothing to be afraid of the conditionalities set by the International Monetary Fund (IMF) following the approval of US$1.3 billion Extended Credit Facility (ECF) for Zambia by the Fund’s executive board.“I want to assure Zambians that we will sail through without any challenges,” said […]

Emeralds body says IMF deal will enhance investor confidence

By CHATULA KANGALI-THE Emerald and Semi Precious Stones Mining Association of Zambia (ESMAZ) has welcomed the International Monetary Fund (IMF) $1.3 billion package saying it will help increase investor confidence in the emerald sector.ESMAZ president Victor Kalesha says with the IMF economic stabilisation programme, the association is optimistic that it will have investors creating partnerships […]

Zaffico records K430m profits

By KENNEDY MUPESENI-ZAFFICO Plc has recorded a profit after tax of K428.71 million in the first half ended June 30,2022 compared to K52.10 million for the same period in 2021 largely driven by the K594.85 million gains in value of the biological assets.Acting Corporation Secretary Mulawo Mwaba said in the market update that total sales […]

Zambia Bata Shoe to produce 500,000 pairs of shoes

By MAIMBOLWA MULIKELELA-ZAMBIA Bata Shoe Company Plc is this year expected to produce more than 500,000 pairs of shoes due to improved planning and commencement of the third shift in May 2022.The company foresees a record production of over 500,000 pairs of shoes compared to 417,000 pairs manufactured last year due to the new planning […]

C/belt administration, Grow Links to host business expo

By CHATULA KANGALITHE Copperbelt provincial administration has partnered with Grow Links Zambia to host a business exposition slated for next month.The expo, expected to be held from 20th to 22ndOctober at the ECL Mall in Kitwe is targeting to attract 300 exhibitors from all sectors of the economy under the theme “Sustainable development through green […]

Ex-ZRA employee in court for theft by servant

By JOSEPH BANDA-A FORMER Zambia Revenue Authority (ZRA) employee has appeared in the Financial Crimes Court in Lusaka facing 18 counts of theft by servant.Sami Sami, 42, a former accounts assistant at ZRA who is alleged to have stolen more than K174,000 appeared before Magistrate Faides Hamaundu.The brief facts of the case are that Sami […]

Attorney General says Govt has eyes on hidden national assets

By KELVIN MUDENDA-“CONFESS your crimes and return stolen assets, before it’s too late,” Attorney General Mulilo Kabesha has warned those that looted national coffers.Speaking during a media interaction in Livingstone, Mr Kabesha said individuals or groups who were perpetrators of financial crimes should quickly return stolen assets so that these could be part of the […]

CFZ promises free elections

By RONALD CHAWE-THE Chess Federation of Zambia (CFZ) has promised to deliver free and fair elections next month.The CFZ will on October 29 hold its elective annual general meeting at the venue to be announced later after the executive committee members convene in Lusaka tomorrow.CFZ president Mukubulo Chilufya said in an interview yesterday that nominations […]

NOC adopts new constitution

By FELIX MUNYIKATHE National Olympic Committee (NOC) has adopted a new constitution that sees the position of secretary general no longer executive with a member of the executive board to serve for a maximum two successive terms.According to the resolutions of the extraordinary meeting held at the weekend, the new constitution was adopted after a […]

IMF programme an opportunity to expand economy – Veep

By MUSONDA MANGILASHI-VICE-PRESIDENT WK. Mutale-Nalumango has said that the International Monetary Fund (IMF) programme has given the country an opportunity to restructure the debt and start expanding Zambia’s economy.Speaking during a public rally in Ndola’s Kabushi Constituency yesterday, Ms Mutale-Nalumango also assured residents of Kabushi that the Government would look into the law that requires […]

Govt sets $2bn agro exports target

By JOSEPH BANDA-THE Government is targeting to increase agricultural exports to US$2 billion by 2026 from US$756.2 million in 2021, according to the Eighth National Development Plan (8NDP).The plan said the Government would put up interventions expected to result in an agricultural growth rate of at least 10 per cent per annum over the plan […]

Take advantage of IMF three-year deal, economist urges

By KENNEDY MUPESENI-AN economist has said the country should take advantage of the International Monetary Fund (IMF) three-year deal that will be characterised by improved confidence in the economy to boost key sectors of the economy such as agriculture and manufacturing.Mathews Muyembe also said fiscal prudence and policy consistency has earned the country an IMF […]

Stakeholders hail Govt over $1.3bn bailout

By MAIMBOLWA MULIKELELA-VARIOUS stakeholders have commended the Government for securing a US$1.3 billion International Monetary Fund (IMF) Extended Credit Facility (ECF) which will help restore the country’s macroeconomic stability.Zambia Association of Manufactures (ZAM) vice president –South Chipego Zulu-Chileshe hailed the Ministry of Finance and National Planning for the hard work put in to ensure that […]

ZAM launches digital tax stamps brief policy

By MAIMBOLWA MULIKELELA-A policy brief has been launched by the Zambia Association of Manufacturers (ZAM) on the “Effectiveness of digital tax stamps in Africa”.As digital tax stamps is underway, ZAM urges Government to be cautious so as to mitigate the challenges faced by the sector such as high cost of production, fluctuation in the exchange […]

Chilanga Cement sales revenue reduces to K803m

By MAIMBOLWA MULIKELELA-CHILANGA Cement PLC has reported a reduced sales revenue of K803 million for half year ended June 2022.This is down by 16 per cent compared to sales revenue recorded in 2021, according to unaudited financial results for the half year ended June 2022 posted by the Lusaka Securities Exchange (LuSE).The company recorded profit […]

Veterinary Services Dept bans importation of cloven-hoofed animals

By JOSEPH BANDA-THE Veterinary Services Department has suspended the importation of cloven-hoofed animals from South Africa and Botswana because of Foot and Mouth Disease (FMD) detected in the two countries.The department said in a statement yesterday that the issuance of permits for importation of live cloven-hoofed animals from South Africa and Botswana was suspended until […]

K500m for Indeni redundancy packages

By JAMES KUNDA-The Government has released more than K500million as a redundancy package for the 320 redundant Indeni Petroleum Refinery workers in Ndola.The facility is currently under care and maintenance.Energy Minister Peter Kapala said the workers, who were declared redundant in June this year, would be paid their full benefits, barring procedural delays.Read more

HH toasts IMF approval of long sought $1.3 billion package

By MAIMBOLWA MULIKELELA, CHUSA SICHONE and JOSEPH BANDA-“IT’S done,” read a message from International Monetary Fund (IMF) managing director Kristalina Georgieva late on Wednesday to President Hakainde Hichilema to break the good news that the US$1.3 billion bailout package had been approved in Washington DC.A major milestone for President Hichilema, like icing a cake, to […]