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Posts published in “Day: September 8, 2023

Chess ace Tumelo bounces back

By RONALD CHAWE – AFTER losing the fifth-round match, Tumelo Lwenyeka bounced back to winning ways with a sixth-round victory against Egypt’s Abdallah Omar to jump into second position of the boys under 10 category at the ongoing 2023 Africa Youth Chess championship in Egypt.With a record of five wins and a loss going into […]

Zambia Rugby Union scrums for K900,000

By RONALD CHAWE – ZAMBIA’s participation in the Paris Olympic qualifiers hung on a balance as the Zambia Rugby Union (ZRU) was still looking for a staggering K900, 000 for the assignments.The Paris rugby Olympics qualifiers for the men’s 7s team are set for September 16 and 17 in Harare while the women’s will come […]

Let’s fix stadia – Grant

By RONALD CHAWEZAMBIA coach Avram Grant says he shudders at the thought of his team playing its home World Cup qualifier matches outside the country on account of stadia not meeting FIFA standards.

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‘KCM’s $1bn: Stimulus for economy’

By KENNEDY MUPESENI – MORE stakeholders have welcomed the move by the Government to hand over Konkola Copper Mine (KCM) to Vedanta Resources Limited after a four-year impasse.The Economic Association of Zambia (EAZ), Association of Mine Suppliers and Contractors (AMSC), Kitwe District Chamber of Commerce and Industry, the Zambia Institute for Policy Analysis and Research […]

Lower mining effective tax rates – ZCM

By CHATULA KANGALI – THE Zambia Chamber of Mines (ZCM) has proposed the lowering of mining effective tax rates for Zambian mines in next year’s budget to make the sector competitive in the region.The ZCM says there is need for the mining effective tax rates for Zambian mines to be at par or better than […]

FNB, Liquid partner to offer reliable data services

By ANDREW MULENGA – THE First National Back (FNB) Zambia and Liquid Intelligent Technologies have announced a strategic partnership aimed at offering affordable and reliable data services.This partnership will accord FNB customers a five per cen...

Govt bonds up by 14 p.c.

By KETRA KALUNGA – GOVERNMENT bonds in secondary bond market went up by 14 per cent in the second quarter of this year, according to the Securities and Exchange Commission (SEC).The SEC says that the bonds increased to K25.3 billion in the secon...

StanChart profits increase by 76 p.c.

By CHATULA KANGALI – STANDARD Chartered Bank Zambia PLC profits for the first half of this year increased by 76 per cent. This is due to an increase in revenue.The bank’s interest income from loans and advances also increased by 15 per cent in line with the 13 per cent growth in loans and advances […]

‘Unlock economic growth participation’

By JAMES KUNDA – THE private sector has called for more economic participation opportunities in order to effectively contribute towards the country’s development.Zambia Chamber of Commerce and Industry (ZACCI) chief executive officer Joseph Nasilele says there is need to unlock impediments to private sector participation in the economy which included limited Small and Medium Enterprise […]

‘Vedanta on radar’

By SHARON KALIMBULA – MINES and Minerals Development Minister, Paul Kabuswe has assured the public that Government will closely monitor operations at Konkola Copper Mines (KCM) and will not hesitate to take back the Vedanta Resources shares if it fails to honour obligations contained in the agreements. Read more

‘Govt’ll always support workers’ rights’

By KELVIN MUDENDA  –VICE PRESIDENT W.K Mutale-Nalumango says the Government supports workers’ rights because human capital is critical and takes centre stage in development.Ms Mutale-Nalumango said the Government had enacted various pieces of legislation to provide for the safety and health of workers in all sectors.Read more

Kasanda explains Veep’s absence from Parley

By JOSEPH BANDA  – CHIEF Government Spokesperson Chushi Kasanda has said that the absence of Vice President W.K Mutale-Nalumango from the National Assembly at times is backed by law and Standing Orders of the House.  Ms Kasanda explained the absence of the Vice-President was a topical issue in the previous sitting of the House and […]

DEC cracks syndicate, nets 6 with $1m counterfeit notes

By JOSEPH BANDA – THE Drug Enforcement Commission (DEC) has cracked a counterfeit currency smuggling ring involving six individuals who are allegedly responsible of circulating US$1 million in fake money in the country.The six, who include a police officer, were believed to be responsible for the circulation of the counterfeit dollars which were smuggled from […]

President Hichilema opens National Assembly today‘

By JAMES KUNDA – PRESIDENT Hakainde Hichilema is today expected to open the third session of the 13th National Assembly and lay out policy direction and the legislative agenda.The President is also expected to highlight significant pronounce...

Debt restructuring: Canada offers help

By SHARON KALIMBULA – CANADIAN minister of International Development Ahmed Hussen has offered to assist Zambia in the on-going process of debt restructuring.Canada is part of the G7 and G20 countries which helped Zambia attain the debt restructu...