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Posts published in “Day: February 28, 2024

Modern mining: Meeting the green agenda

As the world navigates towards cleaner energy solutions, Africa’s mining industry has ascended to the forefront of the global energy transition, argues HELEN LUBAMBA of Stanbic Bank.With advancements in technology, health and safety, environment and exploration, the mining industry now finds itself in the early onset of disruption. However, along with the disruption there are […]

Prolonged droughts: Need for water harvesting

THE current devastating drought has put crop production in the southern half of Zambia in limbo which calls for radical policy measures to increase irrigation activities in the country.This is a time to implement the country’s blueprint on irrigation and water harvesting facilities as climate change seems to be here to stay.It is encouraging that […]

OMCAZ hails ERB for acting on Puma

By HELLEN MWANDILA – THE OIL Marketing Companies Association of Zambia (OMCAZ) has welcomed the Energy Regulation Board (ERB) move to suspend Puma Central Service Station in Kabwe for alleged contamination of fuel.OMCAZ president Kafula Mubanga notes that ERB has directed the immediate suspension of all retailing petroleum products at Puma Service Station pending investigations, […]

Dollar still trading below K25

By ANDREW MULENGA – THE Kwacha has for the third consecutive week continued to put up a good fight against the United States (US) dollar to still trade below the K25 psychological mark.According to the Bank of Zambia (BoZ) daily exchange rate updates, the local currency opened this week’s trading session buying at an average […]

Immigration Department collected K824m in 2023

By KELVIN MUDENDA – AS one of the highest non-tax revenue collectors for the treasury, the Immigration Department collected revenue totalling K 824 million last year.Immigration Department Director General Japhet Lishomwa said the revenue collected for 2023 represented a 12.5 percent increase from K732 million collected in 2022.Dr Lishomwa said more importantly, the department managed […]

Export framework: $100m flows into BoZ

By KETRA KALUNGA – THE Export Proceeds Tracking Framework (EPTF) has recorded tremendous progress of US$100 million worth of inflows received in the system, Bank of Zambia (BoZ) Deputy Governor of Operations Francis Chipimo has said.Dr Chipimo said before implementation of the tracking framework on January 1 this year, there were significant gaps between trade […]

‘Buy-back option would’ve killed NHIMA’

By JAMES KUNDA – THE Government has clarified that the decision to remove the buyback option from the National Health Insurance Scheme (NHIS) by the National Health Insurance Management Authority (NHIMA) is aimed at saving the fund from bankruptcy.Labour and Social Security Minister Brenda Tambatamba said the option placed a huge stress on the scheme’s […]

Nkoyas back HH on BRE

By BUSIKU MOOBELA – THE Nkoya Royal Establishment (NRE) has supported President Hakainde Hichilema’s position that Zambia is a unitary state and castigated those calling for secession of Western Province, saying it was treasonous and that they cannot speak for the entire region.Nkoya Royal Establishment prime minister Ntanda Ngwelela said that there was no entity […]

‘ECL statement reckless’…it is irresponsible for Lungu to suggest people will rise against UPND

By SHARON KALIMBULA and JOSEPH BANDA – THE Government says it is irresponsible for former President Edgar Lungu to recklessly state that the people will rise against the United Party for National Development and President Hakainde Hichilema over the alleged unruly conduct of the police.And police in Lusaka are studying the implications of Mr Lungu’s […]

We’re ready for your investment, HH woos Saudis

By JOSEPH BANDA – PRESIDENT Hakainde Hichilema has said that Zambia is ready for Saudi Arabian investment in mining and agriculture especially in water harvesting and irrigation through joint ventures.The President said that Zambia knew that Saudi Arabia had a big economy and wanted to do big things and Zambia was ready.He said yesterday when […]

Musokotwane calls for more investment in mining sector

By JAMES KUNDA – FINANCE and National Planning Minister Situmbeko Musokotwane has called for continued investment in the country’s mining industry to enhance the sector’s contribution to the national Gross Domestic Product (GDP).Dr Musokotwane said this was also key in ensuring that Zambia leveraged on the opportunities from its endowments with energy transition minerals such […]

Zambia seeks more collaboration with South Korea – State House

By SHARON KALIMBULA – SPECIAL Assistant to President Hakainde Hichilema in charge of Policy Compliance Joseph Lungu says Zambia is looking forward to collaboration and working with South Korean companies for shared value.Speaking when he accompanied Zambia National Service Commander Maliti Solochi to South Korea on a working visit, Mr Lungu said Zambia had a […]