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Posts published in “Day: October 17, 2022

AfDB nods $75m for FirstRand Bank’s trade financing facility

By KENNEDY MUPESENITHE African Development Bank (AfDB) has approved an unfunded US$75 million trade finance Risk Participation Agreement (RPA) facility for financial services firm FirstRand Bank.This will enhance FirstRand’s ability to underwrite trade finance transactions originating from issuing banks in several countries, including transition States and low-income countries across Africa, according to Mining Weekly. Read […]

‘Broaden investment incentives beyond MFEZ’

By MAIMBOLWA MULIKELELA-THE Government has been urged to broaden the investment incentives beyond the Multi-Facility Economic Zone (MFEZ) to grow Zambia’s industrial base and stimulate economic development.It is important to widen the investment incentives beyond the MFEZ to attract more investment that will spur economic development, Zambia Association of Manufacturers (ZAM) president Ashu Sagar said. […]

ZICTA moots decentralised reporting sysem

By MAIMBOLWA MULIKELELA-ZAMBIA Information and Communications Technology (ZICTA) has developed a decentralised reporting system that will allow consumers report financial related fraud scams.This has been done in partnership with the Bank of Zambia (B...

Sickle cell centre opens at Ndola’s ADCH

By MUSONDA MANGILASHITHE Zambian Childhood Cancer Foundation (ZACCAF) and Haemophilia foundation of Zambia (HFZ) in conjunction with Novo Nordisk Haemophilia Foundation have opened the Haemophilia and sickle cell centre at Arthur Davison Children Hospital (ADCH).The centre will help care for the people living with Haemophilia and sickle cell in the northern region.Copperbelt Minister Elisha Matambo […]

‘Devise policy on electric vehicle equipment migration’

By JAMES KUNDA-A UNIVERSITY Of Zambia engineering lecturer has called for enhanced research on Zambia’s quest to migrate towards the electrical motor vehicle industry.Speaking in an interview in Lusaka, Erastus Mwanaumo said there was need for the country to develop a policy that would address the needs for the country’s migration towards the manufacturing and […]

‘Keep uniting Zambians’

By Caroline Ngwengwe-PRESIDENT Hakainde Hichilema has urged traditional rulers in the country to continue uniting the Zambians as custodians of tradition in their jurisdictions.Mr Hichilema said it was important for chiefs and other traditional rulers to learn from each other across the country as every culture was unique and important. Read more

PF removes Chitalu, Siliya, 5 others from Cental Committe

By CHUSA SICHONE-THE Patriotic Front (PF) has removed seven members of its Central Committee, who include incumbent Mansa Central Member of Parliament (MP) Chitalu Chilufya and former Petauke Central lawmaker Dora Siliya.Dr Chilufya, Ms Siliya and five others were removed for either not attending the party’s official meetings or for engaging themselves in the PF’s […]

Spouse killer nabbed

By ESTHER NG’ANDU-A SIXTY-YEAR-OLD man in Chingola has been detained for allegedly killing his wife in a domestic row sparked by a song she was playing on her phone.Copperbelt Commanding officer Sharon Zulu confirmed the incident which happened on Saturday in Bupalo area in which Titus Chota, 20, reported that he suspected his stepfather Zebby […]

OYV decries opposition insults, hate speech against HH

By CHUSA SICHONE-THE Operation Young Vote (OYV) is horrified by some opposition politicians that have resorted to insulting and channelling hate speech towards President Hakainde Hichilema.OYV executive director Guess Nyirenda said some politicians had resorted to insults and hate speech because President Hichilema had raised the political leadership bar in terms of quality and competence. […]

Parts factoring coming

By KENNEDY MUPESENI-THE Copperbelt will house the largest mining parts factory as a multimillion dollar machinery manufacturing plant is scheduled to be completed by the end of the year.Naipu Machinery Zambia Company Limited is being set up a Chinese conglomerate, China Jiangxi in Kalulushi’s Sabina area and is scheduled to create 100s of job opportunities. […]