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Posts published in June 2023

Domestic bondholders assured

By KETRA KALUNGA – FINANCE and National Development Minister Situmbeko Musokotwane has said that domestic bonds are not part of stock bonds to be restructured under the debt restructuring agreement.

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Inflation drops

By ANDREW MULENGA – ZAMBIA has recorded a reduction in the annual inflation rate for June 2023 to 9.8 per cent from the 9.9 per cent posted in May. Zambia Statistics Agency (ZAMSTAT) statistician general Mulenga Musepa said on average, prices of goods and services increased by 9.8 per cent between June 2022 and June […]

Amos Chanda opts to remain silent

By PERPETUAL SICHIKWENKWE – FORMER Press Aide to former President Edgar Lungu, Amos Chanda has opted to remain silent in a matter he is jointly charged with his wife and sister-in-law with three counts of using insulting language and obstructing Anti- Corruption Commission (ACC) officers.Read more

Three criminals gunned down in Kitwe

By ESTHER NG’ANDU – THREE criminals among them an ex-convict, have been shot dead in Kitwe after they broke into a warehouse where they attacked and tied two security guards with ropes.Copperbelt Province Police Commanding Officer Peacewell Mweemba said the anti-robbery squad received a tip off that unknown criminals had broken into the Console Rite […]

‘Decisive steps helped in debt restucturing’

By JAMES KUNDA – DECISIVE steps such as the removal of fuel subsidies contributed to the decision by bilateral creditors to restructure the country’s US$6.3 billion debt, Finance and National Planning Minister Situmbeko Musokotwane has revealed.And Secretary to the Treasury Felix Nkulukusa has said Zambia was on the brink of being sued by external debt […]

We’re delivering – HH

By CHUSA SICHONE – PRESIDENT Hakainde Hichilema says the United Party for National Development (UPND) Administration is delivering on promises it made when it was still in the opposition, less than 24 months into its first five year term in government.President Hichilema cited some of the major successes scored so far as the increase in […]

Over 5 million litres of petrol roll in

By JAMES KUNDA – MORE than five million litres of petrol rolled into the country yesterday to stabilise supply of the commodity in parts of the country experiencing shortages.Energy Minister Peter Kapala informed Parliament in a ministerial statement that this was in addition to 700,000 litres of petrol offloaded by Indeni Energies Limited in Ndola, […]

Abductors get 800 years …As rights groups laud verdict

By PERPETUAL SICHIKWENKWE – THE Lusaka High Court has sentenced two men to a combined over 800 years imprisonment with hard labour for repeatedly raping a pregnant woman and 12 others who they abducted confined and subjected to various traumatizing lewd acts for seven months in 2022. Read more

BoZ orders ponzi schemes to stop illegal operations

By ANDREW MULENGA – THE Bank of Zambia (BOZ) has warned ponzi scheme organisers to cease their illegal operations or face the full wrath of the law. BoZ Governor Denny Kalyalya said these schemes were in contravention of the Banking and Financial Series Act (2017) as they involve the provision of a financial service without […]

Musokotwane hails ZNBS housing projects

By ANDREW MULENGA – FINANCE and National Planning Minister Situmbeko Musokotwane has hailed the Zambia National Building Society (ZNBS) for embarking on housing projects to contribute to ecomonic development.The housing projects are in Lusaka’s Chilanga area, Mongu and Mansa Read more

Ireen eyes a Swiss win

By SANDRA MWILA – ZAMBIA midfielder Ireen Lungu says a win tomorrow against Switzerland will boost the team’s morale heading into their maiden appearance at the FIFA Women’s World Cup which swings into action next month.In an interview with FAZ ...

Coach resignation hasty – MUZA

By SHAMAOMA MUSONDAMUZA FC has said head coach Lameck Banda decided to leave the club when the two parties were discussing his contract.In a wordy statement signed by club General Secretary Joel Kabika, the club decided to sit down with Banda to discuss a contract but got stunned when the coach showed up for the […]

I won it all – Kalaba

By SANDRA MWILA – ZAMBIAN midfield legend Rainford Kalaba says he won everything that was there before him as a footballer and is retiring as a proud man.After announcing his retirement on his social media, Kalaba said in an interview from Congo that he remained grateful to TP Mazembe for treating him like family and […]

Zambezi woman dies after jumping off moving car

By ESTHER NG’ANDU – A-THIRTY-EIGHT-YEAR-OLD woman in Zambezi District has died while her one-year-old child has survived with injuries after she jumped off a moving vehicle with her child.North-Western Province Police Commanding Officer Dennis Moola said the woman jumped off a motor vehicle she was in with eight others after it started rolling backwards after […]

Prosecution authority won’t relent in graft fight

By CHUSA SICHONE – THE National Prosecution Authority (NPA) has declared that it will expose and aggressively pursue illegal wildlife trade and mining, forest and other environmental crimes.The NPA said there would be no sacred cows as it followed unscrupulous corporations, organised criminal elements and officials.Read more

ERB clears air on fuel shortage

By CHUSA SICHONE – THE Energy Regulation Board (ERB) has established that pockets of fuel shortages at selected service stations in some parts of Zambia have been attributed to Oil Marketing Companies (OMCs) that operate retail sites facing logi...

Govt tells exhibitors to work together as ZITF gates open

By CHATULA KANGALI and MUSONDA MANGILASHI – THE Zambia International Trade Fair (ZITF) has opened to the public with the Government calling on exhibitors to work together in attaining regional sustainable development and strengthening cooperation and trade. Read more

HH sends goodwill message to Muslims

By JAMES KUNDA – PRESIDENT Hakainde Hichilema has sent a goodwill message to the Muslim community in Zambia on the occasion of Eid Al Adha. In a statement on his Facebook page yesterday, President Hichilema issued the Muslim community peace and prosperity on the occasion. Read more