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Posts published in “Day: April 16, 2024

Zimtrade Targets Zambia’s Agritech Expo

[New Zimbabwe] TRADE promotion agency, ZimTrade has tabled plans to connect local companies to the Zambia Agritech Expo set to kick off later this week.

‘Continue praying for Kalaba’

By Sandra Mwila – HOSPITALISED Rainford Kalaba has re-gaining consciousness and is responding to stimuli, University Teaching Hospitals (UTH) Public Relations Manager Nzeba Chanda has revealed.She added that the former Zambia captain remains in a stable but critical condition the Intensive Care Unit (ICU).Chanda, in her update yesterday, said Kalaba was responding well to treatment […]

Ndola Energy starts power generation, puts 105mw onto national grid

By CHATULA KANGALI – NDOLA Energy Company Limited (NECL) has restarted generation of electricity using diesel and has put 105 megawatts on the national grid.Energy Minister Peter Kapala said in an interview that the company commenced the production of electricity last week.“We have restarted electricity generation at Ndola Energy, for now we are using diesel […]

Stanbic Bank urges SMEs to build capacity to access financing

By KETRA KALUNGA – STANBIC Bank Zambia has urged Small to Medium Enterprises (SMEs) in Zambia to build capacity in order to access more financing.Stanbic Head Enterprise Banking Katongo Chilufya said it was important for business owners to build capacity to take advantage of structured trade finance solutions, which would enable them access increased capital […]

BoZ engages Investrust Bank defaulters

By KETRA KALUNGA – THE Bank of Zambia (BoZ) is engaging depositors at Investrust Bank who have defaulted on their loans to ensure the money owed is paid back.BoZ Governor Denny Kalyalya said the non-performing loans at the bank were quite high, and the central bank was working on a mechanism to ensure that the […]

ZCCM-IH post-tax loss hits K4.5bn

By CHATULA KANGALI – THE ZCCM-Investment Holding (IH) has recorded an increased post-tax loss from K3.786 billion in 2022 to K4.597 billion due to the underperformance of its subsidiary, Mopani Copper Mine PlcMopani’s operations have negatively impacted the group, contributing a substantial loss of K9.2 billion this year.ZCCM-IH states that the performance of Mopani was […]

Zambia, EU ink €110m financing agreements

By JAMES KUNDA – ZAMBIA has signed two financing agreements with the European Union (EU), amounting to €110 million.Education Minister Douglas Syakalima signed on the country’s behalf, while EU Commissioner for International Partnership, Jutta Urpilainen signed for the EU in Brussels, Belgium at a global gateway high -level event on education.“The two agreements include financing […]

‘Give HH room to work’

By JAMES KUNDA – LEADER of the Opposition in Parliament Robert Chabinga has urged former president Edgar Lungu to allow President Hakainde Hichilema time and room to work for the country’s development.Mr Chabinga has also implored all opposition Members of Parliament (MPs) on the Copperbelt to work with the United Party for National Development (UPND) […]

Chinese firm injects $29m in drugs plant

By CHUSA SICHONE – V.L HEALTHNET Services Limited, a renowned Chinese firm, has invested US$29 million towards the construction of a drugs manufacturing plant in Zambia.Once construction works were completed next year, V.L Healthnet Services Limited was initially expected to start manufacturing antibiotics, intravenous (IV) fluids and injectible medicines, while creating about 250 direct jobs […]

Court orders PF to pay Kalandanya K13.5m

By PERPETUAL SICHIKWENKWE – THE Lusaka High Court has ordered the Patriotic Front (PF) to pay Bwalya Kalandanya, trading as Kalandanya Music Promotions, K13.5 million, for the 2021 election campaign songs he produced for the former ruling party.Judge-in-charge Charles Zulu said the K13.5 million should be paid to Mr Kalandanya with interest at the Bank […]

‘ECL, Nawakwi plotted’

By PERPETUAL SICHIKWENKWE – A WITNESS has told a Lusaka Magistrate’s Court that Forum for Development and Democracy (FDD) leader Edith Nawakwi allegedly told her that she connived with former president Edgar Lungu to ensure that, President Hakainde Hichilema was arrested before he contested the 2021 general election.Pheluna Hatembo said during trial yesterday that Nawakwi […]